
EVI Industries, Inc. announced that it completed the acquisition of Jeffersonville, Indiana based O’Dell Equipment and Supply, LLC, 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. O’Dell is EVI’s twenty-eighth (28th) acquisition in the commercial laundry distribution and service industry and twelfth (12th) in the Southeast region of the United States, according to a news release.
“The addition of O’Dell is consistent with our strategy to offer the broadest portfolio of commercial laundry products such that our sales organization will be able to provide comprehensive solutions for any commercial laundry customer in North America and to support our customers with the largest and most knowledgeable service organization in the industry,” said Henry M. Nahmad, EVI’s CEO. “We welcome Craig O’Dell, Jesse Jewell, and the entire team at O’Dell to the EVI family and we look forward to working together with them to achieve our long-term goals.”
As is customary under EVI’s operating model, O’Dell will operate under its existing name, from its existing facility, with all twenty-five current employees and continue to represent the Company’s long-term and loyal supplier partners. For the twelve months ended June 30, 2024, O’Dell generated revenues of approximately $10.5 million, which were derived from the sale of equipment, parts, and the performance of installation and maintenance services.
The thoughtful execution of EVI’s buy-and-build growth strategy has earned the Company a positive reputation in and around the commercial laundry industry, including among owners of quality businesses. EVI remains very active in the pursuit of additional investments in other great businesses and given its record, reputation, financial strength, and appetite for significant growth, EVI believes it is well-positioned to capitalize on a growing number of opportunities.