M&A Deal Summary

EVI Industries Acquires Yankee Equipment Systems

On October 12, 2020, EVI Industries acquired distribution company Yankee Equipment Systems for 14M USD

Acquisition Highlights
  • This is EVI Industries’ 11th transaction in the Distribution sector.
  • This is EVI Industries’ 3rd largest (disclosed) transaction.
  • This is EVI Industries’ 13th transaction in the United States.
  • This is EVI Industries’ 1st transaction in New Hampshire.

M&A Deal Summary
Date 2020-10-12
Target Yankee Equipment Systems
Sector Distribution
Buyer(s) EVI Industries
Deal Type Add-on Acquisition
Deal Value 14M USD

Target

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.

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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 13 of 27
Sector (Distribution) 11 of 18
Type (Add-on Acquisition) 12 of 26
State (New Hampshire) 1 of 1
Country (United States) 13 of 27
Year (2020) 2 of 3
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-10 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-17 Eastern Laundry Systems

Taunton, Massachusetts, United States

Eastern Laundry Systems is a distributor of commercial and vended laundry products and a provider of related installation and maintenance services. Eastern Laundry Systems was founded in 2014 and is based in Taunton, Massachusetts.

Buy -
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