EVI Industries to acquire ALCO Washer Center, terms not disclosed

EVI Industries executed a definitive agreement to acquire New Castle, Pennsylvania based ALVF dba ALCO Washer Center, a distributor of commercial laundry products and a provider of related technical installation and maintenance services to the on-premise and vended laundry segments of the commercial laundry industry. Through ALCO, EVI increases its customer base and expands its distribution and service footprint in the northeast region of the United States. Upon closing, ALCO will join EVI’s Northeast Group. Consistent with EVI’s operating philosophy, ALCO will continue to operate under its current name and from its present location, and have the full extent of EVI’s resources with which to execute on various growth opportunities in its region. The completion of the ALCO acquisition will represent EVI’s twenty-fifth acquisition of a family owned commercial laundry business. The transaction is expected to close upon the satisfaction of customary closing conditions.