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EVI Industries Completes Acquisition of ASN Laundry Group

1. EVI Industries acquired ASN Laundry Group, expanding its service offerings. 2. This acquisition marks EVI's 31st purchase in commercial laundry services.

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FAQ

Why Bullish?

The acquisition reflects EVI's growth strategy, historically linked to stock appreciation. Prior acquisitions often led to significant revenue increases and market expansion.

How important is it?

The acquisition of ASN is a strategic move that enhances EVI's competitive position, likely leading to increased market visibility and revenue.

Why Long Term?

The integration of ASN will enhance EVI's operational capabilities, supporting growth over several quarters. Past mergers have shown sustained benefits in market share and profitability.

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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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