EVI Industries Inc. – headquartered in Miami – recently executed a definitive agreement to acquire Clean Designs Inc. and Clean Route LLC, based in Lakewood, Colo. Known collectively as Clean Designs, the company is a distributor of commercial laundry products serving the vended, on-premises and multi-family laundry markets.
The addition of Clean Designs “further strengthens EVI’s leading market share position in the West region of the United States,” according to EVI.
Upon the completion of the Clean Designs acquisition, EVI will have acquired 18 commercial laundry businesses, and it continues to be the fastest growing and only publicly listed company devoted to the North American commercial laundry distribution and service industry.
With Clean Designs, EVI adds an experienced sales team with established customer relationships and a consistent record of growth, a service team with a reputation for providing reliable services, and a management team from which the company may further build its commercial laundry operations in and around the state of Colorado.
Looking forward, Clean Designs will offer a broader product range; pursue new growth opportunities; and have access to advanced technologies EVI is deploying to drive future growth, efficiency and profitability. Consistent with EVI’s philosophy, Clean Designs will operate as a subsidiary of EVI under its current name and from its present location – and it will continue to be led by Tim Stoklosa.
“Each acquisition is integral to achieving our long-term growth and profitability goals,” said Henry M. Nahmad, EVI chairman and chief executive officer. “Our company is especially excited about the benefits we will derive from the addition of Tim Stoklosa and the Clean Designs team. We also look forward to working with our loyal suppliers who welcome the growth opportunities this acquisition represents and to delivering a broader product range and enhanced technical service capabilities to commercial laundry customers across the region.”
