EVI Industries to acquire Professional Laundry Systems and Affiliates

EVI Industries, Inc. recently announced that it previously executed a definitive purchase agreement to acquire substantially all the assets and certain liabilities of Commercial Laundry Products, Inc., Professional Laundry Systems of PA, Inc., and Professional Laundry Systems West, Inc. (collectively PLS) using a combination of cash and EVI common stock. PLS is a New York-based distributor of commercial and vended laundry products and a provider of related installation and maintenance services.

Alex Harris and Paul Cousins, Co-Owners of PLS, jointly stated:  “We are honoured to join the EVI family of commercial laundry businesses. We are excited about the new opportunities available to our employees and we look forward to working with the EVI businesses and our loyal suppliers in the pursuit of long-term growth.

Given EVI’s recent acquisition of PAC Industries in February 2019, the addition of PLS is consistent with the Company’s stated goal to grow its sales and service operations across the northeast of the US. The acquired companies will operate under the name Professional Laundry Systems, with its current team of over fifteen laundry professionals and with the support and resources provided by EVI.