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EVI Industries, Inc. reports news on its commercial laundry distribution and service business in North America. The company sells, leases, installs, maintains and repairs commercial laundry equipment used in washing, drying, finishing, material handling, water heating, power generation and water reuse applications.
Recurring updates cover operating results, its buy-and-build acquisition strategy, completed acquisitions such as Belenky and ASN Laundry Group, technology and operating-system investments, OEM representation, balance-sheet and dividend actions, and investor conference participation. News also describes how acquired distributors continue to operate within EVI’s commercial laundry service network.
EVI Industries, Inc. (EVI) announced a definitive purchase agreement to acquire Baystate Business Ventures, known as Eastern Laundry Systems, a distributor of commercial laundry products based in Taunton, Massachusetts. This strategic acquisition aligns with EVI's goal to enhance its sales and service capabilities across geographic markets. Eastern Laundry Systems is recognized for exceptional service and quality products in New England. The transaction is pending the satisfaction of closing conditions.