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Announced

Completed

EVI Industries completed the acquisition of Express Parts and Services.

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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United States

Completed

Friendly

Single Bidder

Machinery: Industrial

Acquisition

laundry products

Domestic

Majority

Private

Synopsis

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EVI Industries, a commercial laundry and dry cleaning equipment supplier, completed the acquisition of Express Parts and Services, a commercial laundry products distributor. Financial terms were not disclosed. “We believe that each acquisition is integral to achieving our long-term growth goal to build North America’s largest value-added distributor of commercial laundry and related products and the most dynamic network of commercial laundry technicians through which we may best support commercial laundry customers. We are pleased to welcome Max Usik and the EXP team to the EVI family and look forward to working together in pursuit of our long-term growth goals,” Henry M. Nahmad, EVI Industries Chairman and CEO.

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