MIAMI — EVI Industries Inc. reports it has executed definitive agreements to acquire K&B Laundry Service and Aldrich Clean-Tech Equipment Corp.
K&B is a North Carolina-based provider of installation and maintenance services to the industrial and on-premises laundry segments of the commercial laundry industry.
With K&B, EVI says it adds 15 commercial laundry technicians and support staff that will enhance EVI’s capabilities to its growing customer base across the southeast region of the United States.
Aldrich is a Massachusetts-based distributor of commercial laundry products and a provider of related installation and maintenance services to commercial laundry customers.
This acquisition expands EVI’s sales and service presence with the addition of eight commercial laundry technicians and support staff to support its customer base across the northeast region of the United States.
Both transactions are expected to close upon the satisfaction of all customary closing conditions. Terms of the deals were not disclosed.
Upon completion of both the K&B and Aldrich acquisitions, EVI will have acquired 22 commercial laundry businesses, adding that it continues to be the fastest growing and only publicly listed company devoted to the North American commercial laundry distribution and service industry.
Have a question or comment? E-mail our editor Matt Poe at [email protected].
