EVI Industries to acquire Sudsies for ~$34.6M; expands into consumer garment care

EVI INDUSTRIES, INC.

Total consideration ~$34.6M across four agreements: $22.6M (A), $4M (B), $900k (C), $7.124M (D).
Closings expected within 30-45 days, subject to conditions including simultaneous closings.
EVI corrects press release: EBITDA CAGR overstated as 62%, corrected to 31%.
EVI expands into consumer garment care via new division; Sudsies becomes foundation.
EVI reaffirms commitment to commercial laundry; revenue grew from $36M to $435M since 2016.

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