M&A Deal Summary

EVI Industries Acquires Express Parts and Services

On June 5, 2023, EVI Industries acquired distribution company Express Parts and Services

Acquisition Highlights
  • This is EVI Industries’ 16th transaction in the Distribution sector.
  • This is EVI Industries’ 23rd transaction in the United States.
  • This is EVI Industries’ 1st transaction in Maryland.

M&A Deal Summary

Date 2023-06-05
Target Express Parts and Services
Sector Distribution
Buyer(s) EVI Industries
Deal Type Add-on Acquisition

Target

Express Parts and Services

Sykesville, Maryland, United States
Express Parts and Services is a distributor of commercial laundry products and a provider of related technical installation and maintenance services. Express Parts and Services was founded in 1976 and is based in Sykesville, Maryland.

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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 23 of 27
Sector (Distribution) 16 of 18
Type (Add-on Acquisition) 22 of 26
State (Maryland) 1 of 1
Country (United States) 23 of 27
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-17 Wholesale Commercial Laundry

Southside, Alabama, United States

Wholesale Commercial Laundry is a distributor of commercial laundry products and a provider of related technical installation and maintenance services to the on-premise and vended laundry segments of the commercial laundry industry. Wholesale Commercial Laundry is based in Southside, Alabama.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-31 ALCO Washer Center

New Castle, Pennsylvania, United States

ALCO Washer Center is a distributor of commercial laundry products and a provider of related technical installation and maintenance services to the on-premise and vended laundry segments of the commercial laundry industry. ALCO Washer Center is based in New Castle, Pennsylvania.

Buy -