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EVI Industries Completes Acquisition of Sudsies, Inc. and Establishes Consumer Garment Care Services Division

  • EVI Industries, Inc. completed its acquisition of Miami-based Sudsies, Inc. to establish a new consumer garment care services division.
  • This marks EVI's first expansion beyond the commercial laundry distribution industry since 2016, making Sudsies the 33rd business to join the company.
  • Since 2016, EVI grew from a single Miami distributor with $36 million in revenue to a North American leader with nearly $435 million in revenue for the twelve months ended March 31, 2026, achieving a 29% compound annual growth rate.
  • Sudsies, founded in 1996 by Jason Loeb and Jorge Baboun, will continue to operate under its established brand with founders and President Luis Moreno retaining leadership roles.
  • Management expects the transaction to be accretive to EVI's earnings for the fiscal year ending June 30, 2027.
  • EVI reaffirmed its commitment to growing its core commercial laundry business organically while pursuing additional acquisitions in the new consumer garment care sector.
  • The company plans to file a Current Report on Form 8-K with the SEC regarding the acquisition agreements on July 23, 2026, and another report within three business days of the transaction completion.