secwatch.observer — SEC 8-K summary
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Issuer:     EVI INDUSTRIES, INC. (EVI)
CIK:        0000065312
Form:       8-K
Filed at:   2025-03-06T23:59:59+00:00
Accession:  0001174947-25-000300
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65312/000117494725000300/0001174947-25-000300-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65312/000117494725000300/form8k-33751_8k.htm
  HTML page:      https://secwatch.observer/filing/0001174947-25-000300

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