M&A Deal Summary

EVI Industries Acquires Consolidated Laundry Equipment

On December 15, 2021, EVI Industries acquired distribution company Consolidated Laundry Equipment

Acquisition Highlights
  • This is EVI Industries’ 13th transaction in the Distribution sector.
  • This is EVI Industries’ 16th transaction in the United States.
  • This is EVI Industries’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2021-12-15
Target Consolidated Laundry Equipment
Sector Distribution
Buyer(s) EVI Industries
Deal Type Add-on Acquisition

Target

Consolidated Laundry Equipment

Raleigh, North Carolina, United States
Consolidated Laundry Equipment is a distributor of commercial laundry products and providers of related technical installation and maintenance services. Consolidated Laundry Equipment is based in Raleigh, North Carolina.

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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 16 of 27
Sector (Distribution) 13 of 18
Type (Add-on Acquisition) 15 of 26
State (North Carolina) 1 of 2
Country (United States) 16 of 27
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-15 Central Equipment

Columbia, South Carolina, United States

Central Equipment Co. has been servicing the on-premise laundry, coin laundry, and dry cleaning equipment business. The company has a fully stocked parts department along with an experienced service staff that can not only meet repair needs and also provide installation, technical support, and training. It established an excellent working relationship with many architects, investors, contractors, and both large and small business owners. Central Equipment Co. was formed in 1949 and is based in Columbia, South Carolina.

Buy -
FOLLOWING 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 -
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