EVI INDUSTRIES, INC.

The Company

Overview

Incorporated in Delaware on June 13, 1963, the Company operates through wholly owned subsidiaries as a value-added distributor and provider of advisory and technical services. Its growth approach includes organic initiatives and a buy-and-build strategy that combines acquisitions with post-acquisition integration.

Core offerings

• Planning, design, and consulting services for commercial laundry operations.
• Sales and leasing of commercial laundry equipment, including washers, dryers, finishing equipment, material handling systems, and systems for water heating, power generation, and water reuse.
• Sales of parts and accessories to support equipment.
• Installation, maintenance, and repair services delivered through a large network of commercial laundry technicians.

Customers

The Company serves government, institutional, industrial, commercial, and retail customers. Purchases range from parts and accessories to single or multiple units of equipment and large, complex systems.

Growth strategy

• Pursue organic growth initiatives and acquisitions that complement the business or create growth opportunities.
• Integrate acquired businesses by expanding sales and service personnel, adding product lines, enhancing service operations, improving facilities, and adopting new technologies.
• Acquisition consideration may include cash and/or stock; stock consideration aligns sellers with existing stockholders.
• Sellers and key individuals may receive equity-based awards, such as restricted stock, to support long-term retention and performance.
• Acquisitions are effected through existing or newly formed subsidiaries; acquired liabilities may be assumed and post-acquisition results are included in consolidated financial statements.

Corporate culture and compensation

The Company emphasizes performance-based pay, including commissions, cash incentives, and stock-based equity programs. Equity compensation plans are structured to promote long-term performance and leadership continuity, with long vesting periods for restricted stock and provisions for vesting tied to long-term service or specified retirement ages.

Financial reporting

As of June 30, 2026, the Company reported results of operations through a single operating and reportable segment.

Recent strategic expansion

• July 2026: Announced plans to expand into consumer garment care services.
• Entered a definitive agreement to acquire Sudsies, Inc., a garment care operator based in Miami, Florida.
• Acquisition of Sudsies closed on September 1, 2026, for a total purchase price of $37.4 million, subject to post-closing adjustments.
• Established a new division for consumer garment care services and created a separate operating and reportable segment for those operations and investments.
• This marks the Company’s first dedicated expansion beyond commercial laundry distribution and service since 2016.

Market context for the new segment

Consumer garment care services is a multibillion-dollar industry with steady, recurring demand. The market includes thousands of independent, often family-owned businesses, and the Company believes this opportunity supports building a national-scale business in the sector.

Additional information

The Company provides its SEC filings (Forms 10-K, 10-Q, 8-K, proxy statements, and similar materials) on the SEC website and the Company’s website. The referenced materials may be accessed for more detail; those materials are not incorporated by reference into this summary.