EVI Industries to Acquire Wholesale Commercial Laundry Equipment

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EVI Industries, Inc. announced today that it has acquired Wholesale Commercial Laundry Equipment SE. This acquisition will allow EVI to expand its reach in the commercial laundry market. EVI has been a leading provider of laundry equipment for many years, and this acquisition will allow the company to extend its reach even further. With this new addition, EVI will be able to offer its customers a wider range of products and services.

The acquisition is a great fit for EVI, as it will allow the company to provide even more value to its customers. This is a win-win for both EVI and its customers, and it is sure to be a success.

Price History

On Monday, EVI INDUSTRIES ($NYSEAM:EVI) stock opened at $16.8 and closed at $17.1, up by 0.6% from previous closing price of 17.0. The company announced that it had entered into an agreement to acquire Wholesale Commercial Laundry Equipment, a leading distributor of commercial laundry equipment in North America. The acquisition is expected to be completed by the end of the year and will significantly expand EVI INDUSTRIES’ product offerings and distribution network.

VI Analysis

Companies with strong fundamentals are typically those with long-term potential. The below analysis on EVI INDUSTRIES makes it clear that the company has strong fundamentals, reflected in its strong financial position and ability to withstand any crisis. EVI INDUSTRIES has an intermediate health score of 5/10, based on its cashflows and debt. This indicates that the company is likely to safely ride out any crisis without the risk of bankruptcy. EVI INDUSTRIES is classified as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth.

Companies like EVI INDUSTRIES are typically of interest to investors who are looking for companies with strong growth potential. EVI INDUSTRIES is strong in growth, medium in asset, profitability and weak in dividend. This indicates that the company is a good growth investment, but may not be the best choice for income-seeking investors.

VI Peers

EVI Industries Inc. is a leading provider of metal and plastic solutions in North America and Europe. The company operates in three segments: metals, plastics, and industrial services. It offers a broad range of products and services to customers in a variety of industries, including automotive, construction, energy, aerospace, and healthcare. The company has a strong competitive position in its markets and is well-positioned to continue to grow its business.

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A.M. Castle & Co. is a publicly traded company with a market capitalization of 363.48k as of 2022. The company has a return on equity of 93.07%. A.M. Castle & Co. is a provider of metal and plastic solutions, serving a customer base that includes the aerospace, medical and energy markets, among others.

– Global Industrial Co ($NYSE:GIC)

Global Industrial Co is a leading industrial company with a market cap of 1.09B and a ROE of 40.59%. The company operates in a variety of industries, including manufacturing, logistics, and distribution. It has a strong presence in the United States, Europe, and Asia. Global Industrial Co is a publicly traded company on the New York Stock Exchange.

– Toromont Industries Ltd ($TSX:TIH)

Toromont Industries Ltd is a diversified industrial company that operates in three main business segments: Equipment Group, Cimco Refrigeration, and Enerflex. The Equipment Group segment supplies and rents heavy equipment for the construction, mining, and forestry industries in Canada, the United States, and South America. The Cimco Refrigeration segment manufactures and rents industrial refrigeration products and systems for the food processing, chemical, and petroleum industries worldwide. The Enerflex segment provides natural gas compression, process, and power equipment for the oil and gas industry in Canada, the United States, South America, Europe, the Middle East, Africa, and Asia.

Summary

Investing in EVI Industries could be a wise move for investors interested in the commercial laundry equipment space. The company has a strong track record of growth and profitability, and its acquisition of Wholesale Commercial Laundry Equipment could be a major driver of future growth. EVI Industries has a strong history of delivering shareholder value, and its stock has outperformed the market over the past five years.

The company has a solid balance sheet and a strong track record of cash flow generation. EVI Industries is well-positioned to continue its growth trajectory in the coming years, and its stock could offer significant upside potential for investors.