M&A Deal Summary

EVI Industries Acquires Commercial Laundry Equipment

On February 10, 2020, EVI Industries acquired distribution company Commercial Laundry Equipment

Acquisition Highlights
  • This is EVI Industries’ 10th transaction in the Distribution sector.
  • This is EVI Industries’ 12th transaction in the United States.
  • This is EVI Industries’ 1st transaction in Virginia.

M&A Deal Summary

Date 2020-02-10
Target Commercial Laundry Equipment
Sector Distribution
Buyer(s) EVI Industries
Deal Type Add-on Acquisition

Target

Commercial Laundry Equipment

Richmond, Virginia, United States
Commercial Laundry Equipment Co., Inc. is a distributor of on-premise and vended laundry products and a provider of related installation and maintenance services to the new and replacement markets of the commercial laundry industry.

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Buyer(S) 1

Buyer

EVI Industries

Miami, Florida, United States

Category Company
Founded 1959
Sector Distribution
Employees705
Revenue 354M USD (2023)
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 founded in 1959 and is based in Miami, Florida.


DEAL STATS #
Overall 12 of 27
Sector (Distribution) 10 of 18
Type (Add-on Acquisition) 11 of 26
State (Virginia) 1 of 1
Country (United States) 12 of 27
Year (2020) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-16 Laundry Systems of Tennessee

Sevierville, Tennessee, United States

Laundry Systems of Tennessee is a distributor of commercial, industrial, and vended laundry products and a provider of related installation and maintenance services to the new and replacement markets of the commercial laundry industry. Laundry Systems of Tennessee is based in Sevierville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-12 Yankee Equipment Systems

Barrington, New Hampshire, United States

Yankee Equipment Systems, Inc. is a distributor of commercial laundry products and a provider of related technical installation and maintenance services. Yankee Equipment Systems is based in Barrington, New Hampshire.

Buy $14M