M&A Deal Summary

EVI Industries Acquires Laundry South

On May 2, 2022, EVI Industries acquired business services company Laundry South

Acquisition Highlights
  • This is EVI Industries’ 3rd transaction in the Business Services sector.
  • This is EVI Industries’ 18th transaction in the United States.
  • This is EVI Industries’ 1st transaction in Mississippi.

M&A Deal Summary
Date 2022-05-02
Target Laundry South
Sector Business Services
Buyer(s) EVI Industries
Deal Type Add-on Acquisition

Target

Laundry South

Pearl, Mississippi, United States
website
Laundry South is a provider of commercial laundry equipment, leasing, parts, and service across Mississippi, Tennessee, Louisiana, Alabama, and Arkansas. Laundry South is based in Pearl, Mississippi.

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Buyer(S) 1

Buyer

EVI Industries

Miami, Florida, United States

website

Category Company
Founded 1959
Sector Distribution
Employees640
Revenue 267M USD (2022)
DESCRIPTION

EVI Industries is a distributor that sells, leases, and rents commercial, industrial, and vended laundry and dry cleaning equipment and steam and hot water boilers manufactured by others, supplies related replacement parts and accessories, designs and plans turn-key laundry, dry cleaning, and boiler systems, and provides installation and maintenance services to thousands of customers, which include commercial, industrial, institutional, government, and retail customers. EVI Industries was incorporated in 1959 and is headquartered in Miami, Florida.

DEAL STATS #
Overall 18 of 24
Sector (Business Services) 3 of 5
Type (Add-on Acquisition) 17 of 23
State (Mississippi) 1 of 1
Country (United States) 18 of 24
Year (2022) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-26 Clean Designs

Lakewood, Colorado, United States

Clean Designs is a distributor of commercial laundry products and a provider of related technical installation and maintenance services to on-premise, vended, and multifamily laundry customers. Clean Designs is based in Lakewood, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-09 Spynr

New York, New York, United States

Spynr is a specialized full-service marketing agency with deep roots in the commercial laundry industry. It provides owners of laundry businesses a variety of marketing services, including branding, web design, digital advertising, social media services, content development, SEO, and other related services aimed to reach and attract customers to their laundry businesses efficiently and effectively. Spynr is based in New York, New York.

Buy -
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