• Like Xerox, but for commercial laundry and dry cleaning equipment.
• The Grainger of commercial laundry equipment and services.
• The Waste Management of commercial laundry equipment sales and service.

• Commercial Laundry and Dry Cleaning Equipment: EVI distributes and manufactures a comprehensive range of industrial washing machines, dryers, ironers, dry cleaning machines, and finishing equipment for commercial and institutional customers.
• Parts and Supplies: The company provides a full line of replacement parts, detergents, solvents, and other consumable supplies required for the operation and maintenance of laundry and dry cleaning facilities.
• Technical and Support Services: EVI offers installation, preventative maintenance, repair, and consulting services to ensure the efficient operation and longevity of laundry and dry cleaning equipment.

EVI Industries (symbol: EVI) sells primarily to other companies (B2B).

While EVI Industries sells primarily to other companies (B2B), its customer base is highly diverse and fragmented across numerous industries. Consequently, the company does not publicly disclose specific "major customer companies" by name that represent a significant portion of its revenue, nor are there individual public company customers listed as major clients in its financial filings.

However, EVI Industries' customer base can be broadly categorized by the types of businesses it serves. These categories include:

• Hospitality Sector: This encompasses hotels, motels, resorts, cruise lines, and theme parks that utilize commercial laundry equipment for their operations.
• Healthcare Facilities: Hospitals, clinics, nursing homes, and other healthcare providers requiring specialized laundry and textile processing solutions.
• Commercial and Industrial Laundries & Dry Cleaners: Independent and chain commercial laundries, industrial laundries, textile rental companies, and dry cleaners, as well as institutional clients such as correctional facilities, universities, and sports arenas with their own laundry operations.

• Electrolux (ELUX B on Nasdaq Stockholm)
• Dexter Laundry
• B&C Technologies
• Continental Girbau
• Huebsch
• Pellerin Milnor
• Sankosha
• Unipress

Henry M. Nahmad, Chairman, President, and Chief Executive Officer

Henry M. Nahmad has served as Chairman, President, and Chief Executive Officer of EVI Industries, Inc. since March 2015, when he acquired a controlling interest in the Company. Under his leadership, EVI Industries has grown from one operating business with 30 employees to a rapidly expanding enterprise, and is recognized as a leader in the North American commercial laundry industry. He initiated the Company's "buy-and-build" strategy, leading to 31 acquisitions since 2016. Earlier in his career, Mr. Nahmad worked at Watsco, Inc. (NYSE: WSO), a Fortune 500 company, where he gained experience in the execution of the buy-and-build strategy. He also previously served as Chief Executive Officer of Chemstar Corp. from 2009 to 2014. Mr. Nahmad directly owns 42.95% of the Company's shares.

Robert H. Lazar, Chief Financial Officer and Chief Accounting Officer

Robert H. Lazar has served as Chief Financial Officer of the Company since December 2016. Prior to joining EVI, Mr. Lazar was Vice President of Finance and Chief Accounting Officer for Steiner Leisure Limited, a NASDAQ-listed company, from 2000 to 2016. He also served as a Senior Audit Manager for Arthur Andersen LLP from 1995 to 2000 and held various other auditor positions from 1987 until 1995.

Thomas Marks, Executive Vice President of Business Development and President of West Region

Thomas Marks has served as Executive Vice President of the Company since October 2016 and is the President of the Company's Western Laundry Group. Before this role, he was Executive Vice President of Western State Design, EVI's first acquisition of a commercial laundry business, where he was also a partner to Dennis Mack for over fifteen years. Mr. Marks is integral in developing and executing growth strategies.

Dennis Mack, Strategic Advisor and Director

Dennis Mack has served as Executive Vice President and as a Director of the Company since October 2016, following EVI's acquisition of Western State Design. He was a partner to Tom Marks at Western State Design for over fifteen years.

Dennis Diaz, Director of Marketing

Dennis Diaz serves as the Director of Marketing for EVI Industries.

Key Risks to EVI Industries (EVI)

EVI Industries (symbol: EVI) faces several key risks that could impact its business operations and financial performance. The most significant risks include those associated with its acquisition-driven growth strategy, potential supply chain disruptions, and the highly competitive market in which it operates.

1. Acquisition Risks
   EVI Industries' growth strategy heavily relies on a "buy-and-build" approach, involving numerous acquisitions. This strategy inherently carries substantial risks, including challenges in integrating acquired companies, potential diversion of management's attention from core business functions, and the risk of losing key employees or customer relationships of the acquired entities. Such acquisitions can also lead to increased debt and contingent liabilities, impacting the company's financial health.
2. Supply Chain Disruptions
   The company is vulnerable to interruptions in its supply chain, which can stem from factors beyond its control, such as labor shortages, governmental regulations, and natural disasters. These disruptions have the potential to lead to increased operational costs and delays in product delivery, thereby affecting profitability and customer satisfaction. Furthermore, EVI Industries relies on a few key suppliers for a significant portion of its products, and any deterioration in these relationships could materially impact its operations.
3. Competitive Environment
   EVI Industries operates within a highly competitive market characterized by the presence of numerous independently owned distributors. This intense competition could negatively affect the company's market share and overall profitability. Maintaining a competitive edge requires continuous effort in service offerings, product range, and operational efficiency.

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EVI Industries (EVI) operates primarily within the commercial and industrial laundry and dry-cleaning distribution and services industry across North America, the Caribbean, and Latin America. The company's main products and services include commercial laundry equipment, industrial laundry solutions, dry-cleaning equipment, related parts and supplies, installation and maintenance services, and commercial laundry and infection control chemicals.

Addressable Market Sizes for EVI Industries' Main Products and Services:

• Commercial Laundry Equipment:
  • The global commercial laundry market was valued at approximately USD 6.5 billion in 2023 and is projected to reach USD 10.8 billion by 2032.
  • The global commercial laundry machines market size was valued at USD 5 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 5.2% between 2025 and 2034.
  • The U.S. commercial laundry machines market was valued at USD 1.1 billion in 2024 and is estimated to grow at a CAGR of 5.2% from 2025 to 2034.
  • The U.S. commercial laundry equipment market reached a value of USD 10.77 billion in 2025, with projections to grow to USD 13.17 billion by 2030.
• Industrial Laundry Equipment:
  • The global market for industrial laundry equipment was valued at approximately USD 4.16 billion in 2023, with projections indicating continued growth through 2029.
  • The global industrial laundry machine market size was valued at USD 2.81 billion in 2024 and is anticipated to rise to USD 4.99 billion by 2032, exhibiting a CAGR of 7.8% during the forecast period.
  • The North America industrial laundry machine market is projected to reach USD 0.64 billion in 2025.
• Dry-Cleaning Equipment:
  • The global dry cleaning equipment market size is anticipated to be worth USD 1.47 billion in 2024, projected to reach USD 2 billion by 2033 at a 3.9% CAGR.
• Laundry Chemicals (including parts and supplies, detergents, warewashing, and infection control chemicals):
  • The global industrial laundry detergent market size was valued at USD 66.91 billion in 2022 and is estimated to reach USD 125.15 billion by 2031, growing at a CAGR of 7.19%.
  • The global laundry chemicals market size was valued at USD 16.8 billion in 2024 and is expected to grow to USD 25 billion by 2035.
  • The North America laundry chemicals market is projected to achieve a market value of USD 5 billion in 2024 and USD 8 billion in 2035.
  • The U.S. laundry detergent market size was valued at USD 39.61 billion in 2024, growing at a CAGR of 3.8% from 2025–2034.
• Laundry and Dry-Cleaning Services (including installation, maintenance, repair, advisory, and technical services):
  • The global dry-cleaning and laundry services market size reached a value of approximately USD 62.21 billion in 2024. The market is expected to grow at a CAGR of 4.80% between 2025 and 2034, reaching a value of USD 99.42 billion by 2034.

1. Strategic Acquisitions and "Buy-and-Build" Strategy: EVI Industries consistently emphasizes its "buy-and-build" strategy, which involves acquiring and integrating complementary businesses to expand its market reach and capabilities. In fiscal year 2025, the company completed four acquisitions, including Continental Laundry Solutions, its largest to date, which is anticipated to add approximately $50 million in annual revenue. This strategy is expected to continue driving revenue growth by increasing geographic footprint and service density.
2. Organic Growth and Sustained Customer Demand: The company reported a 7% compounded annual organic revenue growth and consistently highlights strong and resilient customer demand across its key end-markets, including healthcare, hospitality, and vended laundry. The essential nature of commercial laundry products and services contributes to steady, repeatable sales, and the company ended fiscal year 2025 with a more than 10% increase in confirmed customer sales orders, indicating continued organic growth.
3. Technological Advancements and Digital Transformation: EVI is making significant investments in technology to enhance operational efficiency and customer experience. This includes the expansion of its field service platform, which was rolled out to 27 business units by June 2025, streamlining service calls and potentially generating new sales opportunities. Furthermore, the company plans to launch a new e-commerce platform in fiscal year 2026, providing customers with 24/7 access to products, inventory, and service capabilities, which is expected to drive digital sales and engagement.
4. Expansion of Product and Service Offerings / Market Penetration: As part of its "build" strategy, EVI aims to grow revenue by adding new product lines, increasing its sales force, and expanding installation and service operations. The company serves a diverse customer base across the United States, Canada, the Caribbean, and Latin America, and its comprehensive offerings, coupled with increased sales and service personnel, are intended to deepen market penetration and cater to the continuous demand for commercial laundry systems.
5. Strategic Price Increases: While not the primary driver, EVI Industries has indicated that price increases across product lines and services contributed to revenue growth in fiscal year 2025. Management has also stated that they respond to supplier pricing pressures with "select price increases," suggesting this will continue to be a factor in maintaining revenue levels and profitability.