USA
EnviroStar announced on 6 August that it executed a definitive purchase agreement to acquire substantially all the assets and assume certain liabilities of Orlando, Florida-based Industrial Laundry Services (ILS) using a combination of cash and EVI stock.
Industrial Laundry Services is a premier provider of commercial laundry installation and maintenance services to customers in the hospitality, healthcare, institutional, and for-profit sectors in central Florida.
The addition of ILS is consistent with EVI’s growth strategy to build the industry’s largest distributor of commercial and vended laundry products, supported by the most advanced service organization that best serves laundry customers across the country.
ILS will continue to operate as it has historically, under the leadership of Troy and Erin Piper, using the same name, executing with the same people, and with the support and resources of Steiner Atlantic Corp., an EVI business unit based in Miami, Florida.
The transaction is expected to close upon the satisfaction of customary closing conditions.
Troy Piper, president of Industrial Laundry Services said: “By joining EVI, we will have the opportunity to collaborate with Steiner Atlantic and other EVI business units in the pursuit of opportunities to grow and enhance our service operations across the state of Florida and beyond.”
