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EVI Industries Completes Acquisition of ASN Laundry Group

1. EVI acquires ASN Laundry Group, marking its 31st acquisition in the sector. 2. This move enhances EVI's presence in commercial laundry distribution and services.

M&A
+2.8%Current Return
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-0.2%S&P 500
$22.8508/04 11:36 AM EDTEvent Start
$23.4908/05 06:17 PM EDTLatest Updated
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FAQ

Why Bullish?

The acquisition of ASN enhances EVI's market position and can lead to increased revenue. Historical examples show m&a activity often boosts stock prices due to perceived growth.

How important is it?

EVI's active acquisition strategy indicates growth potential, which positively influences investor sentiment. The scale of ASN and its services will likely enhance revenue streams promptly.

Why Short Term?

The immediate effects of acquisitions are often reflected quickly in stock prices. Investors typically react positively to growth strategies like acquisitions.

Related Companies

ASNLNDY
MIAMI--(BUSINESS WIRE)--EVI Industries, Inc. (NYSE American: “EVI” or the “Company”) announced today that it simultaneously executed a definitive asset purchase agreement and completed the acquisition of ASN Laundry Group (“ASN”), a New York-based distributor of commercial laundry products and a provider of related technical installation and maintenance services. ASN is EVI's 31st acquisition in the commercial laundry distribution and service industry. The addition of ASN increases EVI's presen.

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