New Acquisition Expands EVI Industries Distribution and Service Network in Northeast USA

EVI Industries, Inc. (NYSE American: EVI) recently announced that it executed a definitive merger agreement to acquire Barrington, New Hampshire based Yankee Equipment Systems, Inc. – a distributor of commercial laundry products and a provider of related technical installation and maintenance services.

This addition to the company clearly demonstrates the company’s continued leadership aspirations in the transformation of the North American commercial laundry industry. Apart from that the merger adds approximately $31 million in revenue that is well distributed over 2,200 industrial, on-premise, vended, and multi-family laundry customers.

Henry M. Nahmad, the company’s Chairman and Chief Executive Officer stated that the newly acquired  Yankee Equipment Systems will not only continue to be led by its current leader – Peter Limoncelli –  but will also operate under its current name, from its present location, and with its existing team to provide business continuity to its customers, employees, and vendor partners