{"id":870135,"date":"2025-08-04T14:03:35","date_gmt":"2025-08-04T18:03:35","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/evi-industries-completes-acquisition-of-asn-laundry-group\/"},"modified":"2025-08-04T14:03:35","modified_gmt":"2025-08-04T18:03:35","slug":"evi-industries-completes-acquisition-of-asn-laundry-group","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/evi-industries-completes-acquisition-of-asn-laundry-group\/","title":{"rendered":"EVI Industries Completes Acquisition of ASN Laundry Group"},"content":{"rendered":"<p>        <!--.bwlistdisc { list-style-type: disc }\n.bwmarginl1 { margin-left: 30px }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>EVI Industries Completes Acquisition of ASN Laundry Group<\/b><\/p>\n<p>MIAMI&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nEVI Industries, Inc. (NYSE American: \u201cEVI\u201d or the \u201cCompany\u201d) announced today that it simultaneously executed a definitive asset purchase agreement and completed the acquisition of ASN Laundry Group (\u201cASN\u201d), a New York-based distributor of commercial laundry products and a provider of related technical installation and maintenance services. ASN is EVI\u2019s 31<sup>st<\/sup> acquisition in the commercial laundry distribution and service industry. The addition of ASN increases EVI\u2019s presence and market share in the state of New York and will enable the Company to provide increased customer service.<\/p>\n<p class=\"bwmarginl1\">\nHenry M. Nahmad, EVI\u2019s Chairman and Chief Executive Officer, commented: \u201cThis acquisition is about more than expanding our footprint\u2014it is about investing in people. Customers do not buy brands; they buy trust, relationships, and expertise. By bringing together the entrepreneurial spirit of thirty-one family-owned businesses, the salespeople, technicians, and specialists who make those solutions real, and the most comprehensive portfolio of commercial laundry products in North America, we are the only company capable of delivering any solution our customers need. Our strategy empowers our distributors to do what they do best: help customers plan, build, and grow with confidence.\u201d<\/p>\n<p><b>EVI\u2019s Buy and Build Philosophy<\/b><\/p>\n<p>\nKey components of EVI\u2019s buy-and-build strategy include:<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nIdentify and partner with great businesses led by influential leaders,<\/p>\n<\/li>\n<li>\nRetain the leadership team, honor the company culture and empower them,<\/p>\n<\/li>\n<li>\nCollaborate on new and transformative ideas to foster a spirit of growth and innovation,<\/p>\n<\/li>\n<li>\nPursue aggressive growth plans and help the leadership team achieve their goals, and<\/p>\n<\/li>\n<li>\nCreate an ownership culture by motivating the team with long-term equity.<\/p>\n<\/li>\n<\/ul>\n<p><b>About EVI Industries<\/b><\/p>\n<p>\nEVI Industries, Inc., through its wholly owned subsidiaries, is a value-added distributor and a provider of advisory and technical services. Through its vast sales organization, the Company provides its customers with planning, designing, and consulting services related to their commercial laundry operations. The Company sells and\/or leases its customers commercial laundry equipment, specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications. In support of the suite of products it offers, the Company sells related parts and accessories. Additionally, through the Company\u2019s robust network of commercial laundry technicians, the Company provides its customers with installation, maintenance, and repair services. The Company\u2019s 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 the purchase of the Company\u2019s installation, maintenance, and repair services.<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nExcept for the historical matters contained herein, statements in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to a number of known and unknown risks and uncertainties that may cause actual results, trends, performance or achievements of EVI Industries, or industry trends and results, to differ from the future results, trends, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include, among others, that the acquisition of ASN may not be accretive to EVI Industries earnings or otherwise have a positive impact on EVI Industries operating results or financial condition to the extent anticipated or at all, integration risks, risks related to the business, operations, and prospects of ASN and EVI Industries plans with respect thereto. Reference is also made to other economic, competitive, governmental, technological and other risks and factors discussed in EVI Industries filings with the Securities and Exchange Commission, including, without limitation, those disclosed in the \u201cRisk Factors\u201d section of Amendment No. 1 to EVI\u2019s Annual Report on Form 10-K for the fiscal year ended June 30, 2024, filed with the SEC on September 13, 2024. Many of these risks and factors are beyond EVI Industries control. In addition, past performance and perceived trends may not be indicative of future results. EVI Industries cautions that the foregoing factors are not exclusive. The reader should not place undue reliance on any forward-looking statement, which speaks only as of the date made. EVI Industries does not undertake to, and specifically disclaims any obligation to, update or supplement any forward-looking statement, whether as a result of changes in circumstances, new information, subsequent events or otherwise, except as may be required by law.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250804133505r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250804133505\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250804133505\/en\/<\/a><\/span><\/p>\n<p><b>Contact Information<br \/>\n<\/b><br \/>EVI Industries, Inc.<br \/>\n<br \/>4500 Biscayne Blvd., Suite 340<br \/>\n<br \/>Miami, Florida 33137<br \/>\n<br \/>(305) 402-9300<\/p>\n<p>\nHenry M. Nahmad<br \/>\n<br \/>Chairman and CEO<br \/>\n<br \/>(305) 402-9300<\/p>\n<p>\nCraig Ettelman<br \/>\n<br \/>Director of Finance and Investor Relations<br \/>\n<br \/>(305) 402-9300<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:info@evi-ind.com\">info@evi-ind.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Florida<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Retail Other Retail Manufacturing Specialty Other Manufacturing Machinery<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>EVI Industries Completes Acquisition of ASN Laundry Group MIAMI&#8211;(BUSINESS WIRE)&#8211; EVI Industries, Inc. (NYSE American: \u201cEVI\u201d or the \u201cCompany\u201d) announced today that it simultaneously executed a definitive asset purchase agreement and completed the acquisition of ASN Laundry Group (\u201cASN\u201d), a New York-based distributor of commercial laundry products and a provider of related technical installation and maintenance services. ASN is EVI\u2019s 31st acquisition in the commercial laundry distribution and service industry. The addition of ASN increases EVI\u2019s presence and market share in the state of New York and will enable the Company to provide increased customer service. Henry M. Nahmad, EVI\u2019s Chairman and Chief Executive Officer, commented: \u201cThis acquisition is about more than expanding our footprint\u2014it is about investing in people. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/evi-industries-completes-acquisition-of-asn-laundry-group\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EVI Industries Completes Acquisition of ASN Laundry Group&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-870135","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EVI Industries Completes Acquisition of ASN Laundry Group - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/evi-industries-completes-acquisition-of-asn-laundry-group\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EVI Industries Completes Acquisition of ASN Laundry Group - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"EVI Industries Completes Acquisition of ASN Laundry Group MIAMI&#8211;(BUSINESS WIRE)&#8211; EVI Industries, Inc. (NYSE American: \u201cEVI\u201d or the \u201cCompany\u201d) announced today that it simultaneously executed a definitive asset purchase agreement and completed the acquisition of ASN Laundry Group (\u201cASN\u201d), a New York-based distributor of commercial laundry products and a provider of related technical installation and maintenance services. ASN is EVI\u2019s 31st acquisition in the commercial laundry distribution and service industry. The addition of ASN increases EVI\u2019s presence and market share in the state of New York and will enable the Company to provide increased customer service. Henry M. Nahmad, EVI\u2019s Chairman and Chief Executive Officer, commented: \u201cThis acquisition is about more than expanding our footprint\u2014it is about investing in people. &hellip; Continue reading &quot;EVI Industries Completes Acquisition of ASN Laundry Group&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/evi-industries-completes-acquisition-of-asn-laundry-group\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-04T18:03:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250804133505r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/evi-industries-completes-acquisition-of-asn-laundry-group\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/evi-industries-completes-acquisition-of-asn-laundry-group\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"EVI Industries Completes Acquisition of ASN Laundry Group\",\"datePublished\":\"2025-08-04T18:03:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/evi-industries-completes-acquisition-of-asn-laundry-group\\\/\"},\"wordCount\":790,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/evi-industries-completes-acquisition-of-asn-laundry-group\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20250804133505r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/evi-industries-completes-acquisition-of-asn-laundry-group\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/evi-industries-completes-acquisition-of-asn-laundry-group\\\/\",\"name\":\"EVI Industries Completes Acquisition of ASN Laundry Group - 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