EVI Industries To Acquire ALCO Washer Center; No Financial Terms Disclosed
Portfolio Pulse from Happy Mohamed
EVI Industries, Inc. (NYSE:EVI) has announced a definitive agreement to acquire ALVF, Inc. dba ALCO Washer Center, a distributor of commercial laundry products. The acquisition will expand EVI's customer base and distribution and service footprint in the northeast region of the United States. The transaction is expected to close upon the satisfaction of customary closing conditions.
July 31, 2023 | 2:07 pm
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EVI Industries' acquisition of ALCO Washer Center is expected to expand its customer base and distribution and service footprint in the northeast region of the United States.
The acquisition of ALCO Washer Center by EVI Industries is expected to expand its customer base and distribution and service footprint in the northeast region of the United States. This could potentially increase the company's revenues and profitability, which could have a positive impact on its stock price in the short term.
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