EVI Industries announced a multi-part acquisition of Sudsies-related businesses and goodwill totaling approximately $34.6 million. The transactions include $22.6 million for core Sudsies assets, $4.0 million for assets of Sudsies Operations North and Davie Dry Cleaners, $900,000 for Sudsies On-Site, and $7.1 million for the personal goodwill of Jason Loeb. Consideration includes $600,000 in common stock and $2.0 million held in escrow for at least 12 months, with customary adjustments and indemnities. Closings are expected within 30–45 days and are interdependent for the operating asset deals, supporting EVI’s expansion of its garment care platform and services.

Agreement 1: EVI Industries to Acquire Core Sudsies Assets for $22.6 Million With Escrow Backstop

  • Agreement type: Asset purchase of substantially all Sudsies assets and assumed liabilities
  • Counterparty: Sudsies and related sellers
  • Signed / Effective: Jul 17 2026 / same
  • Duration / Termination: At will
  • Reason: Expand garment care platform and market presence

Agreement 2: EVI Industries to Buy Sudsies Operations North and Davie Dry Cleaners Assets for $4.0 Million

  • Agreement type: Asset purchase of assets of Sudsies Operations North and Davie Dry Cleaners
  • Counterparty: Sudsies Operations North and Davie Dry Cleaners
  • Signed / Effective: Jul 17 2026 / same
  • Duration / Termination: At will
  • Reason: Broaden service network and local market depth

Agreement 3: EVI Industries to Acquire Sudsies On-Site Assets for $900,000; Includes Stock Component

  • Agreement type: Asset purchase of substantially all assets of Sudsies On-Site with stock consideration
  • Counterparty: Sudsies On-Site and related sellers
  • Signed / Effective: Jul 17 2026 / same
  • Duration / Termination: At will
  • Reason: Add on-site service capabilities and growth avenues

Agreement 4: EVI Industries to Purchase Jason Loeb Personal Goodwill in Sudsies for $7.1 Million

  • Agreement type: Purchase of personal goodwill of Jason Loeb in Sudsies
  • Counterparty: Jason Loeb
  • Signed / Effective: Jul 17 2026 / same
  • Duration / Termination: At will
  • Reason: Secure brand-related goodwill and relationship continuity

Original SEC Filing:

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