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EVI Industries Closes on Latest Acquisitions

North Carolina, Massachusetts companies join growing portfolio

MIAMI — Commercial laundry and drycleaning distributor EVI Industries Inc. reports that it has completed the previously announced acquisitions of North Carolina-based K&B Laundry Service LLC and the Massachusetts-based Aldrich Clean-Tech Equipment Corp.

K&B is a provider of installation and maintenance services to the industrial and on-premise laundry segments of the commercial laundry industry that will enhance EVI’s installation and service capabilities to its growing customer base across the Southeast, EVI says.

Aldrich is a distributor of commercial laundry products and a provider of related installation and maintenance services to commercial laundry customers in the Northeast.

“The addition of K&B and Aldrich reaffirms our commitment to build distribution and service density such that we may better serve our customers with a broader array of products and an elevated service experience,” says Henry M. Nahmad, EVI chairman and CEO.

Since the fall of 2016, EVI has acquired 22 commercial laundry businesses. The company says it is “in the early stages of a long-term growth strategy to build an enterprise through which it may deliver comprehensive laundry solutions to all segments of the commercial laundry industry.”

EVI remains active in its pursuit of additional investments in other businesses, according to Nahmad.

RELATED STORIES:

EVI Industries to Acquire Clean-Tech Equipment Corp., Aug. 29

EVI Industries to Acquire K&B Laundry Service, Aug. 17

EVI Purchasing Two More Commercial Laundry Product, Service Providers

Have a question or comment? E-mail our editor Bruce Beggs at [email protected] .