EVI Industries is a value-added distributor of commercial and industrial laundry equipment. EVI sells, leases, and services equipment — including washers, dryers, tunnel systems, flatwork ironers, folders, conveyor systems, boilers, and water reuse systems — used in large-scale laundry operations. EVI does not manufacture equipment; it buys from third-party manufacturers and resells or leases to customers. EVI serves roughly 55,000 customers across the U.S., Canada, the Caribbean, and Latin America, including hospitals, hotels, cruise lines, correctional facilities, and educational institutions. Beyond equipment sales, EVI bundles design, planning, installation, maintenance, and repair services, positioning itself as a one-stop shop rather than a pure commodity distributor. EVI also sells replacement parts and accessories, supported by a network of factory-trained technicians who can deliver parts same-day or overnight. EVI's growth strategy combines organic expansion into new territories with a buy-and-build acquisition model, targeting small, privately-owned laundry equipment distributors in a fragmented market of over 500 U.S. competitors. Acquisitions are typically paid with cash and EVI stock, with sellers and key employees receiving stock to align incentives. EVI holds exclusive and nonexclusive distribution agreements with several manufacturers, which limits local competition in certain territories.