M&A Deal Summary

EVI Industries Acquires AAdvantage Laundry

On December 11, 2017, EVI Industries acquired distribution company AAdvantage Laundry for 17M USD

Acquisition Highlights
  • This is EVI Industries’ 3rd transaction in the Distribution sector.
  • This is EVI Industries’ 2nd largest (disclosed) transaction.
  • This is EVI Industries’ 4th transaction in the United States.
  • This is EVI Industries’ 1st transaction in Texas.

M&A Deal Summary
Date 2017-12-11
Target AAdvantage Laundry
Sector Distribution
Buyer(s) EVI Industries
Deal Type Add-on Acquisition
Deal Value 17M USD

Target

AAdvantage Laundry

Garland, Texas, United States
AAdvantage Laundry is a distributor of laundry products and a provider of installation and maintenance services to the new and replacement markets of the commercial and vended 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 4 of 27
Sector (Distribution) 3 of 18
Type (Add-on Acquisition) 4 of 26
State (Texas) 1 of 4
Country (United States) 4 of 27
Year (2017) 3 of 3
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-11 Tri-State Technical Services

Waycross, Georgia, United States

Tri-State Technical Services, Inc. is a distributor of commercial, industrial, and vended laundry products and a provider of installation and maintenance services to the new and replacement segments of the commercial, industrial, and vended laundry industry. Tri-State Technical Services was founded in 1995 and is based in Waycross, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-21 Scott Equipment

Houston, Texas, United States

Scott Equipment, Inc. is a distributor of OPL and vended laundry products and providers of related installation and maintenance services. Scott Equipment was founded in 1967 and is based in Houston, Texas.

Buy $13M
Mergr

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