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Evi Industries Completes Acquisition Of Alco Washer Center

PUBLIC · EVISep 05, 2023

Acquiring Company

EVI Industries

Acquired Company

ALCO Washer Center

MiamiManufacturingHardwareSoftwareCommerce And ShoppingLaundry And Dry Cleaning

Description

EVI Industries, Inc. (NYSE American: “EVI” or the “Company”) announced today that it completed the previously announced acquisition of New Castle, Pennsylvania based ALVF, Inc. dba ALCO Washer Center (“ALCO”).

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Company Information

Company

EVI Industries

Location

Miami, Florida, United States

About

EVI Industries, Inc., through its wholly-owned subsidiaries, is a distributor that generates revenues by selling, leasing or renting, through its extensive sales organization, commercial, industrial and vended laundry, dry-cleaning, and material handling equipment, steam and hot water boilers, water reuse and filtration systems, chemical supplies and related replacement parts and accessories. Additionally, EVI designs, plans, and installs turn-key laundry, dry cleaning, boiler, and water filtration systems and provides maintenance services through its robust technical service organization. EVI’s customers include retail, commercial, industrial, institutional, and government customers. Purchases made by customers range from parts and accessories, to single or multiple units of equipment, to large complex systems, as well as installation and maintenance services. EVI believes that the increase in equipment sales provides a strong foundation for EVI to further strengthen its customer relationships, including that they may in the future result in higher gross margin opportunities from the sale of parts, accessories, supplies, and technical services related to the equipment.

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Frequently asked

Who acquired ALCO Washer Center?

ALCO Washer Center was acquired by EVI Industries, based in Miami. The deal was reported on September 5, 2023. EVI Industries is publicly traded (EVI) and operates in Manufacturing.

When did EVI Industries acquire ALCO Washer Center?

EVI Industries's acquisition of ALCO Washer Center was reported on September 5, 2023. EVI Industries, Inc. (NYSE American: “EVI” or the “Company”) announced today that it completed the previously announced acquisition of New Castle, Pennsylvania based ALVF, Inc. dba ALCO Washer Center (“ALCO”). Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does ALCO Washer Center do?

ALCO Washer Center is the company acquired in this transaction. It is privately held.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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