Investment Summary

EVI Industries Invests In Laundry Systems of Tennessee

On December 16, 2019, EVI Industries invested in distribution company Laundry Systems of Tennessee

Investment Highlights
  • This is EVI Industries’ 9th transaction in the Distribution sector.
  • This is EVI Industries’ 11th transaction in the United States.
  • This is EVI Industries’ 1st transaction in Tennessee.

Investment Summary

Date 2019-12-16
Target Laundry Systems of Tennessee
Sector Distribution
Investor(s) EVI Industries
Deal Type Acquisition Financing

Target

Laundry Systems of Tennessee

Sevierville, Tennessee, United States
Laundry Systems of Tennessee is a distributor of commercial, industrial, and vended laundry products and a provider of related installation and maintenance services to the new and replacement markets of the commercial laundry industry. Laundry Systems of Tennessee is based in Sevierville, Tennessee.

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Investor(S) 1

Investor

EVI Industries

Miami, Florida, United States

Category Company
Founded 1959
Sector Distribution
Employees750
Revenue 354M USD (2024)
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 11 of 29
Sector: Distribution M&A 9 of 19
Type: Acquisition Financing M&A Deals 1 of 1
State: Tennessee M&A 1 of 1
Country: United States M&A 11 of 29
Year: 2019 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-13 Professional Laundry Systems

Deer Park, New York, United States

Professional Laundry Systems is a distributor of commercial and vended laundry products and a provider of related installation and maintenance services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-10 Commercial Laundry Equipment Co.

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 -