EVI Industries buys fellow distributor PAC Industries

EVI acquired all of the outstanding shares of PAC’s common stock as part of the agreement. Based in Harrisburg, Pennsylvania, PAC is a prominent distributor of commercial, industrial, and vended laundry products and a provider of related installation and maintenance services to the new and replacement markets of the laundry industry.

PAC will operate as an EVI subsidiary from its present locations, under its existing leadership, and will conduct business as it has done historically, in line with EVI’s operating philosophy. Frank Costabile, president of PAC: “On behalf of all of the employees and owners of PAC, we are thrilled to join the EVI family and are anxious to begin working towards accomplishing our collective long-term goals.”

Since Jan. 1, 2018, EVI has completed seven acquisitions in the commercial laundry industry. The acquisition of PAC is the first in the Northeast, where the company expects to continue executing its buy-and-build growth strategy. Henry M. Nahmad, the company’s chairman and CEO: “Our goal remains to be the best-performing partner to each of our valued suppliers, to offer a comprehensive suite of products and world-class services to our customers, and to maintain an entrepreneurial culture that attracts the most talented entrepreneurs and professionals.”