EVI completes Sudsies acquisition, launches consumer garment care division

EVI INDUSTRIES, INC.

Completed acquisition of Sudsies, Inc. (Miami garment care) on Sept 1, 2026; Sudsies becomes foundation of new consumer garment care division.
Purchase price ~$8.0M all cash: $900k for Sudsies On-Site assets + $7.124M for Loeb's personal goodwill; also paid $1.9M vehicle lease payoffs and $860k employee bonus reimbursement.
Sudsies, founded 1996 by Jason Loeb and Jorge Baboun, continues under founders and President Luis Moreno; first expansion beyond commercial laundry.
EVI grew from ~$36M revenue in 2016 to ~$435M (TTM 3/31/26), ~29% CAGR; Sudsies is 33rd business to join since 2016.
Management expects transaction accretive to FY2027 earnings; reaffirms commitment to commercial laundry.

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.