AcquisitionsJul 23, 2026, 03:51 PM
EVI Industries Acquires Sudsies for $22.6M, Enters Consumer Garment Care
AI Summary
EVI Industries, Inc. announced its expansion into the consumer garment care services industry by entering into definitive asset purchase agreements to acquire Sudsies, Inc. for a total consideration of $22.6 million for Transaction A. Sudsies, a Miami-based garment care operator, reported $21.7 million in revenue and $5.7 million in EBITDA for the twelve months ended June 30, 2026, with strong historical growth. The acquisition is expected to be accretive to EVI's earnings for the fiscal year ending June 30, 2027, and will form the foundation of EVI's new consumer garment care division.
Key Highlights
- EVI Industries to acquire substantially all assets of Sudsies, Inc.
- Total consideration for Transaction A is $22.6 million.
- Sudsies' LTM revenue (June 2026) was $21.7 million.
- Sudsies' LTM EBITDA (June 2026) was $5.7 million.
- Sudsies' revenue grew at 21% CAGR over 5 years.
- Sudsies' EBITDA grew at 62% CAGR over 5 years.
- Transaction expected to be accretive to EVI's FY2027 earnings.
- Marks EVI's first dedicated expansion into consumer garment care.
Price Impact
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