EVI Acquires Yankee Equipment
(October, 2020) EVI Industries, Inc. announced that it executed a definitive merger agreement to acquire Yankee Equipment Systems, Inc. of Barrington, New Hampshire led by Peter Limoncelli.
Henry M. Nahmad, EVI’s Chairman and Chief Executive Officer, commented: “Yankee Equipment Systems has a long and magnificent legacy and we are proud to become part of their family. Consistent with our operating model, Yankee Equipment Systems will continue to be led by Peter Limoncelli and will operate under its current name, from its present location, and with its existing team to provide its customers, employees, and vendor partners business continuity. Their reputation and success, which are built on a tradition of providing exceptional laundry solutions backed by great service, have earned them strong customer relationships that we intend to help them build on.”