secwatch.observer — SEC 8-K summary
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Issuer:     EVI INDUSTRIES, INC. (EVI)
CIK:        0000065312
Form:       8-K
Filed at:   2026-09-02T20:16:17+00:00
Accession:  0001437749-26-029515
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EVI completes Sudsies acquisition, launches consumer garment care division
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/65312/000143774926029515/0001437749-26-029515-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/65312/000143774926029515/evi20260902_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-029515

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