Name change and special cash dividend for US-based EnviroStar

The EnviroStar, Inc. (EVI) Board of Directors recently approved changing the company’s corporate name to “EVI Industries Inc.” The name change indicates the company’s focus on executing a buy-and-build growth strategy in the commercial, industrial, and vended laundry industry, as well as on a group of industries that meet its strategic criteria.

The name change has recently been effected. It will not impact the ticker symbol of the Company’s common stock, which will continue to trade on the NYSE American under the ticker symbol “EVI.” Under Delaware law, stockholder approval of the name change is not required.

Additionally, the Board of Directors approved a special cash dividend of $0.13 per share on EnviroStar’s common stock, an 8.3% increase over EVI’s special cash dividend declared in December 2017. EVI Industries Inc is a distributor that sells, leases, and rents commercial, industrial, vended laundry and dry cleaning equipment, but also operates as a service provider to commercial, industrial, institutional, government, and retail customers. The company is active in the United States, Canada, the Caribbean and Latin America.