M&A Deal Summary

EVI Industries Acquires Western State Design

On September 8, 2016, EVI Industries acquired consumer services company Western State Design for 28M USD

Acquisition Highlights
  • This is EVI Industries’ 1st transaction in the Consumer Services sector.
  • This is EVI Industries’ largest (disclosed) transaction.
  • This is EVI Industries’ 1st transaction in the United States.
  • This is EVI Industries’ 1st transaction in California.

M&A Deal Summary
Date 2016-09-08
Target Western State Design
Sector Consumer Services
Buyer(s) EVI Industries
Deal Type Add-on Acquisition
Deal Value 28M USD

Target

Western State Design

Hayward, California, United States
Western State Design distributes a comprehensive line of commercial and industrial laundry equipment and related parts for new laundry facilities and to the replacement laundry market. Western State Design distributes certain commercial laundry brands on an exclusive basis within the states of California, Oregon, Washington, Alaska, and parts of Nevada, Arizona and Idaho. Western State Design serves over 6,000 customers in the healthcare, hospitality, cruise line, correctional, government, and commercial and coin-operated laundry industries.

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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 1 of 27
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 1 of 26
State (California) 1 of 1
Country (United States) 1 of 27
Year (2016) 1 of 1
Size (of disclosed) 1 of 5
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-02 Martin-Ray Laundry Systems

Denver, Colorado, United States

Martin-Ray Laundry Systems, Inc. is a distributor of commercial, industrial, and vended laundry products and provider of laundry installation and routine maintenance services. Martin-Ray Laundry Systems is based in Denver, Colorado.

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