EVI INDUSTRIES Business Summary

EVI Industries, Inc. (EVI) operates as the leading value-added distributor and service provider in the highly fragmented North American commercial laundry industry. The company generates revenue through a diversified mix of equipment sales and leasing, high-margin replacement parts distribution, and technical services including installation, maintenance, and repair. EVI executes a disciplined "buy-and-build" growth strategy, having acquired 31 family-owned businesses since 2016 to build a decentralized network of wholly-owned subsidiaries. This model allows EVI to provide turnkey laundry solutions—spanning design, planning, and consulting—to a broad customer base across the healthcare, hospitality, and retail sectors. In the competitive landscape, EVI serves as the critical distribution and service layer for major OEMs like Alliance Laundry Systems, while competing directly with regional players such as RJ Kool Company and Dallas Tailor & Laundry Supply. EVI distinguishes itself through its massive scale, national service footprint, and recent investments in proprietary field service technology that has improved response times by 13% year-over-year as of early 2026. The company is led by Chairman and CEO Henry M. Nahmad, who acquired a controlling interest in 2015 and has since driven a 10x increase in revenue. Nahmad brings a significant pedigree from Watsco, Inc., the world’s largest HVAC/R distributor, where he mastered the buy-and-build playbook. The executive leadership team includes CFO Robert H. Lazar, a former senior audit manager at Arthur Andersen, and Executive Vice Presidents Tom Marks and Dennis Mack, both of whom joined following the landmark acquisition of Western State Design. EVI’s board of directors features notable expertise, including Glen Kruger, a Managing Director at Houlihan Lokey, and Timothy P. LaMacchia, a former partner at Ernst & Young. The company maintains a strong institutional investor base, with significant positions held by Northwestern Mutual Wealth Management, Conestoga Capital Advisors, and Royce & Associates, reflecting market confidence in its long-term consolidation strategy.