EVI Industries acquires CLE

EVI Industries recently announced it has acquired Raleigh – Consolidated Laundry Equipment – and Columbia – Central Equipment Company. Both companies – collectively known as “CLE” – are distributors of commercial laundry products and providers of related technical installation and maintenance services.

The acquisition of CLE strengthens EVI’s market share position in the southeast region of the US. Its  revenue here of over $90 million, is based on the company’s offering a wide and growing selection of commercial laundry products and technical service capabilities to thousands of industrial, on- premise, vended, and multi-family laundry customers.

CLE has operated under the ownership and management of Billy Kincaid for almost 20 years. During this period the company has steadily increased its revenues, profitability, and market share. This development resulted in a position as a leading distributor and service provider of commercial laundry products in the southeast. In the year that ended November 30, 2021, CLE generated revenues of approximately $17 million – based on the sale of equipment, parts, and supplies, and the performance of installation and maintenance services. Billy Kincaid – President of CLE – stated to rejoice the attractive long-term growth opportunities for CLE employees and customers by the takeover.