EVI Industries To Acquire Eastern Laundry Systems

EVI Industries, Inc. recently announced that it executed a definitive purchase agreement to acquire the majority of the assets and certain liabilities of Eastern Laundry Systems –  a distributor of commercial and vended laundry products and a provider of related installation and maintenance services.

The acquisition is in line with EVI’s strategy to build a solid sales and service team in each geographic market in order to promote the company’s product portfolio and to expand its service operations.

The company’s Chairman and CEO Henry M. Nahmad stated that the company will remain active in pursuing  additional acquisitions and strategic investments in the industry itself and in those industries that meet their financial and strategic criteria. The transaction is expected to close upon the satisfaction of closing conditions.