EVI Industries Announces Participation at Jefferies Industrial Conference

Rhea-AI Summary

EVI Industries, Inc. (NYSE American: EVI) announced that Chairman and CEO Henry M. Nahmad will participate in one-on-one meetings at the Jefferies Industrials Conference on August 9, 2022. The company pursues a buy-and-build strategy aimed at long-term growth and shareholder value, having acquired 20 commercial laundry distributors and service providers over the past six years. EVI operates 28 distribution locations across 18 states, exporting to Latin America and the Caribbean, while providing comprehensive laundry and dry cleaning solutions to various sectors.

Positive

• Executed a buy-and-build strategy, acquiring 20 commercial laundry distributors over six years.
• Operates 28 distribution locations in 18 states, indicating extensive market presence.
• Exports to Latin America and the Caribbean, broadening market reach.

Negative

• Potential risks associated with the acquisition of Clean Designs may not yield the anticipated benefits.
• Integration risks related to newly acquired entities could impact operational stability.

MIAMI--(BUSINESS WIRE)-- EVI Industries, Inc. (NYSE American: EVI) announced today that Chairman and CEO, Henry M. Nahmad will host one-on-one meetings at the Jefferies Industrials Conference on Tuesday, August 9, 2022. For more information on the conference, or to schedule a one-on-one meeting, please contact your Jefferies sales representative.

EVI executes a buy-and-build strategy focused on long-term growth and shareholder value creation. During the last six years, the Company has acquired 20 commercial laundry distributors and service providers in North America. Today, the Company operates from 28 distribution locations in 18 states and exports to Latin America and the Caribbean from its Florida operations. The Company employs a vast sales and service organization that plans, designs, sells, installs, and maintains industrial, on premise, vended, and route laundries. The Company continues to thoughtfully execute its long-term growth strategy in and around the commercial laundry industry.

About EVI Industries

EVI Industries, Inc., through its wholly-owned subsidiaries, is a distributor that sells, leases, and rents commercial, industrial, and vended laundry and dry cleaning equipment and steam and hot water boilers manufactured by others, supplies related replacement parts and accessories, designs and plans turn-key laundry, dry cleaning, and boiler systems, and provides installation and maintenance services to thousands of customers, which include commercial, industrial, institutional, government, and retail customers. These activities are conducted in the United States, Canada, the Caribbean and Latin America.

Forward-Looking Statements

Except for the historical matters contained herein, statements in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to a number of known and unknown risks and uncertainties that may cause actual results, trends, performance or achievements of EVI Industries, or industry trends and results, to differ from the future results, trends, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include, among others, that the acquisition of Clean Designs may not be accretive to EVI Industries earnings or otherwise have a positive impact on EVI Industries operating results or financial condition to the extent anticipated or at all, integration risks, risks related to the business, operations, and prospects of Clean Designs and EVI Industries plans with respect thereto. Reference is also made to other economic, competitive, governmental, technological and other risks and factors discussed in EVI Industries filings with the Securities and Exchange Commission, including, without limitation, those disclosed in the “Risk Factors” section of EVI Industries Annual Report on Form 10-K for the fiscal year ended June 30, 2021, filed with the SEC on September 13, 2021, as amended by its Annual Report on Form 10-K/A for the fiscal year ended June 30, 2021, filed with the SEC on October 28, 2021. Many of these risks and factors are beyond EVI Industries control. In addition, past performance and perceived trends may not be indicative of future results. EVI Industries cautions that the foregoing factors are not exclusive. The reader should not place undue reliance on any forward- looking statement, which speaks only as of the date made. EVI Industries does not undertake to, and specifically disclaims any obligation to, update or supplement any forward-looking statement, whether as a result of changes in circumstances, new information, subsequent events or otherwise, except as may be required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220804005997/en/

EVI Industries, Inc.

Henry M. Nahmad

(305) 402-9300

info@evi-ind.com

Source: EVI Industries, Inc.

FAQ

What is EVI Industries focused on in its business strategy?

EVI Industries focuses on a buy-and-build strategy aimed at long-term growth and shareholder value creation.

How many commercial laundry distributors has EVI acquired?

EVI has acquired 20 commercial laundry distributors and service providers in the last six years.

When will EVI's Chairman and CEO participate in the Jefferies Industrials Conference?

Henry M. Nahmad will host one-on-one meetings at the Jefferies Industrials Conference on August 9, 2022.

In how many states does EVI operate?

EVI operates from 28 distribution locations across 18 states.

What markets does EVI Industries serve?

EVI Industries serves commercial, industrial, institutional, government, and retail customers in the U.S., Canada, the Caribbean, and Latin America.