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New Deal


Announced

Completed

EVI Industries completed the acquisition of Spynr.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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marketing agency

Acquisition

Domestic

Media Agencies

Private

Friendly

United States

Single Bidder

Completed

Majority

Synopsis

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EVI Industries, a distributor of commercial laundry and dry cleaning equipment, completed the acquisition of Spynr, a full-service marketing agency. Financial terms were not disclosed. “Given the competitive environment, maximizing the return on their investment also requires laundry business owners to think and deliver across the entire marketing spectrum, from branding to web design to digital marketing, and beyond. To that end, we seek to provide these critical services to existing and prospective customers such that they may achieve their return expectations. Through Spynr, we expect to deliver the industry and our Company these necessary marketing capabilities," Henry M. Nahmad, EVI Chairman and CEO.

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