EVI Acquires Commercial Laundry Products
(May, 2019) EVI Industries, Inc. of Miami, Florida announced that it executed a definitive purchase agreement to acquire substantially all the assets and certain liabilities of Commercial Laundry Products, Inc., Professional Laundry Systems of PA, Inc., and Professional Laundry Systems West, Inc. (collectively “PLS”) using a combination of cash and EVI common stock. PLS is a New York-based distributor of commercial and vended laundry products and a provider of related installation and maintenance services.
Alex Harris and Paul Cousins, Co-Owners of PLS, jointly said, “We are honored to join the EVI family of commercial laundry businesses. We are excited about the new opportunities available to our employees and we look forward to working with the EVI businesses and our loyal suppliers in the pursuit of long-term growth.”