Envirostar Completes Merger with Lucken, Inc.
(November, 2018) Commercial laundry and drycleaning equipment distributor EnviroStar Inc. (EVI), of Miami, Florida reports it has completed its merger with Lucken Inc., the parent company of Washington Automated Inc. (WAI). Terms of the deal were not announced.
The deal was first announced in September, when EnviroStar reported it was working to acquire a “prominent distributor of laundry products and a provider of installation and maintenance services to the new and replacement markets of the vended and commercial laundry industry based in the Western United States.”
The addition of WAI builds on EVI’s market share position in the on-premise laundry and vended laundry segments in the West and expands the service capabilities of EVI’s existing western operations.
EVI expects that WAI will continue to operate as it has historically, under the leadership of Ryan Lucken, executing with the same people, using the same name, and with the support and resources of EVI and all of EVI’s existing and future business units.
“All of us at Washington Automated are excited about joining a company with an entrepreneurial culture and a proven strategy for long-term growth and success,” Lucken says.