EnviroStar acquires AAdvantage Laundry Systems

US-based EnviroStar Inc. expands into the Caribbean and Latin America

EnviroStar Inc. recently announced to have finalized the acquisition of Florida-based Worldwide Laundry Inc. and Texas-based Skyline Equipment,Inc. Together with its own Florida business, the company intends to expand its market share in the Caribbean and Latin America.

Both acquired parties are to play a major part in the company’s growth strategy plans. Skyline is a distributor of on-premise and vended laundry products and a provider of installation and maintenance services to healthcare, hospitality, correctional, institutional, and vended laundry customers. Worldwide is a distributor of vended and on-premise laundry products and provider of installation and maintenance services in Florida and a number of countries in Latin America.

The EnviroStar Company itself is a distributor of commercial laundry and dry cleaning equipment, industrial boiles and related parts, supplies and technical services. The company has been active in this industry since 1959 and is the only publicly traded distributor in this industry in the US. The company intends to grow its North American market share through the execution of its buy-and-build strategy. In that pursuit one focuses on buying market-leading laundry and general cleaning products businesses. With the intention of building them through the implementation of a growth culture that focuses on adding new locations, thus offering a more expansive and complimentary product line, and delivering a vast array of technical services.