EVI Industries, Inc. (NYSEAM:EVI) is looking for acquisitions. Henry Nahmad, Chairman and CEO said, "While the current environment presents challenges, including for those that have a high amount of leverage or rely on a high amount of leverage to complete transactions, we believe that our financial strength and broad-based capital resources position EVI to execute opportunistically when others may be challenged. As such, we maintain a robust pipeline of acquisition opportunities in the commercial laundry industry and are actively working on opportunities that meet specific strategic and financial criteria around our industry".
EVI Industries, Inc., through its wholly owned subsidiaries, is a value-added distributor and a provider of advisory and technical services. 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 Companyâs robust network of commercial laundry technicians, it provides its customers with installation, maintenance, and repair services. It provides its suite of products and services to the replacement and new construction markets for commercial, industrial, vended, and route laundry applications. Its customers include retail, commercial, industrial, institutional, and government customers.