MIAMI — EVI Industries Inc. reports it has executed a definitive agreement to acquire Southside, Alabama-based Wholesale Commercial Laundry Equipment SE, a distributor of commercial laundry products and a provider of related technical installation and maintenance services to the on-premises and vended laundry segments of the commercial laundry industry.
With Wholesale Commercial Laundry Equipment SE, EVI says it adds an experienced sales team with established customer relationships and a service team with a longstanding reputation for providing reliable services.
“Each acquisition is integral to achieving our long-term growth and profitability goals,” says Henry M. Nahmad, EVI’s chairman and CEO. “The addition of WCL expands our geographic footprint in the southeast region of the United States where we will have a significant opportunity to deliver commercial laundry customers an enhanced customer value proposition.
“We look forward to working with Russ Arbuckle and the WCL team to grow our market share across the Southeast.”
Consistent with EVI’s operating philosophy, Wholesale Commercial Laundry Equipment SE will operate as a subsidiary of EVI under its current name and from its present location and have the full extent of EVI’s resources with which to execute the company’s long-term growth strategy.
Upon completion of the acquisition, EVI will have acquired 23 commercial laundry businesses, saying it continues to be the fastest-growing and only publicly listed company devoted to the North American commercial laundry distribution and service industry.
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