MIAMI — Commercial laundry and drycleaning equipment distributor EVI Industries reports that it is in the process of acquiring Lakewood, Colorado-based Clean Designs Inc. and Clean Route LLC, collectively “Clean Designs.”
Clean Designs Inc. is a commercial laundry products distributor. Clean Route LLC is a provider of related technical installation and maintenance services to on-premise, vended and multifamily laundry customers.
EVI says it has executed a definitive agreement to acquire them. It did not release terms of the deal expected to close upon the satisfaction of customary closing conditions.
The addition of Clean Designs will further strengthen EVI’s market share position in the U.S. West, the company says. Once completed, EVI will have acquired 18 commercial laundry businesses since October 2016, making it the fastest growing and only public company in the North American commercial laundry distribution industry.
Through this deal, EVI says it is adding an experienced sales team with established customer relationships and a consistent record of growth, a service team with a longstanding reputation for providing reliable services, and a management team from which EVI may further build its commercial laundry operations in and around Colorado.
Looking forward, Clean Designs will offer a broader product range, pursue new growth opportunities, and have access to advanced technologies EVI is deploying to drive future growth, efficiency and profitability, EVI adds.
Clean Designs will operate as an EVI subsidiary under its current name and from its present location, and will continue to be led by Tim Stoklosa.
“Each acquisition is integral to achieving our long-term growth and profitability goals,” says EVI Chairman and CEO Henry M. Nahmad. “Our company is especially excited about the benefits we will derive from the addition of Tim Stoklosa and the Clean Designs team.
“We also look forward to working with our loyal suppliers who welcome the growth opportunities this acquisition represents and to delivering a broader product range and enhanced technical service capabilities to commercial laundry customers across the region.”
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