EVI Industries Inc., headquartered in Miami, has announced that it has completed the company’s mergers with Consolidated Laundry Equipment, Raleigh, N.C., and Central Equipment Company, Columbia, S.C.
Known collectively as CLE, both of the acquired companies are distributors of commercial laundry products and providers of related technical installation and maintenance services.
“CLE is a unique acquisition for us in that it serves customers in a geography where EVI already has four businesses operating with wide-ranging capabilities and with distinct product representations,” said Henry M. Nahmad, EVI’s chairman and CEO. “CLE has a significant customer base that is loyal to the knowledge, experience and capabilities of its sales and service organization, which is highly attractive to us. And, it has a robust operation that, when synchronized with our existing businesses in the geography, will result in the largest and most dynamic commercial laundry operation in the Southeast region of the United States.”
The acquisition of CLE represents EVI’s eighth investment in the Southeast, and its 17th acquisition since the inception of its long-term, focused buy-and-build growth strategy.
“We believe that our track record has earned us the reputation of a knowledgeable, efficient and trustworthy acquirer with an entrepreneurial culture and long-term growth opportunity that is attractive to business owners in and around the commercial laundry industry,” Nahmad added. “We welcome Billy Kincaid and all 42 members of the CLE team and are excited to work together in the pursuit of our goals in years ahead.”
