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 provides 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. The commercial and industrial laundry equipment distributed by the Company includes washroom, finishing, material handling, and mechanical equipment such as washers and dryers, tunnel systems and vended machines. The finishing equipment distributed by the Company includes sheet feeders, flatwork ironers, automatic sheet folders, and stackers. It also provides its customers with installation, maintenance, and repair services. Its customers include government, institutional, industrial, commercial, and retail customers.