MIAMI — Commercial laundry and drycleaning equipment distributor EVI Industries reports that it is acquiring Huntley, Illinois-based Haiges Machinery Inc., marking its first acquisition in the Midwest.
EVI executed a definitive agreement to acquire Haiges, a distributor of commercial laundry products and a provider of related installation maintenance services. Haiges employs an experienced team of laundry professionals with longstanding customer relationships, EVI adds.
As is customary under EVI’s operating model, Haiges will operate under its existing name, from its existing facility and with its current 25 employees, and will continue to represent the company’s long-term and loyal supplier partners.
The transaction is expected to close upon the satisfaction of customary closing conditions. The purchase is to be paid for in cash; the purchase price was not released. EVI expects Haiges’ results of operations to be accretive to its fiscal year ended June 30, 2025.
Once the deal is completed, EVI will have acquired 29 commercial laundry businesses since 2016. It’s the only New York Stock Exchange-listed company devoted to the North American commercial laundry distribution and services industry.
“The achievement of our long-term goals requires time, patience, and thoughtful execution,” says Henry M. Nahmad, EVI chairman and CEO. “Our operating philosophy is a natural fit for entrepreneurs and industry professionals who seek to build their company and careers as part of a broad family with common goals, principles, and values.
“We appreciate the thoughtfulness Robert Haiges and his family undertook throughout this process. We are pleased to welcome the Haiges Machinery team to the EVI family, and we look forward to their valuable contributions over the long term.”
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