EVI Industries acquires Girbau North America for ~$43M in cash; largest deal in buy-and-build history

EVI INDUSTRIES, INC.

Purchase price ~$43M cash, funded via revolver; subject to working capital adjustments; $4.355M escrowed for ≥15 months.
GNA generated $75M revenue and ~9.5% operating income for 12 months ended Dec 31, 2024; 5-yr revenue CAGR 11%.
Acquisition expected to be immediately accretive to EVI earnings; pro forma net revenue $50M, operating income $7.0M.
EVI amends credit facility: revolver +$50M to $150M, accordion +$10M to $50M, new 5-year term at closing.
GNA to continue under President Mike Floyd; supports EVI’s decentralized operating model and long-term OEM relationship with Girbau.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.