Mergers & Acquisitions ·
EVI Industries completed the acquisition of Sudsies, Inc. and its affiliates on September 1, 2026, establishing a new…
EVIEvi Industries, Inc.
EVI Industries completed the acquisition of Sudsies, Inc. and its affiliates on September 1, 2026, establishing a new consumer garment care services division. The transaction involved amendments to asset purchase agreements that changed consideration from mixed cash and stock to entirely cash: $900,000 for Transaction C (Sudsies On-Site assets) and $7,124,778 for Transaction D (personal goodwill of Jason Loeb). At closing, EVI paid approximately $1.9 million to vehicle lessors and reimbursed $860,000 in pre-closing employee bonuses. Management expects the transaction to be accretive to earnings for the fiscal year ending June 30, 2027. EVI Industries operates as a value-added distributor and service provider in the commercial laundry industry.