EvI Industries, Inc. (NYSE American: EVI) announced it entered into a definitive agreement to acquire Florida-based Sudsies, Inc. It is expected that Sudsies will become the foundation of EVI’s new consumer garment care division.
Founded in Miami in 1996 by Jason Loeb and Jorge Baboun, Sudsies has become one of South Florida’s premier garment care businesses.
Jason Loeb noted: “After nearly thirty years building Sudsies, choosing the right partner for our future was one of the most important decisions we would ever make. We chose EVI because they offered something rare: a permanent home that protects what we have built and keeps our name, our team, our culture, and our standards in place. Joining EVI gives our team the resources and the opportunity to keep growing while preserving everything that has made Sudsies special. They share our values and our dedication to an exceptional client experience, and for me and everyone who helped build this company, that is exactly the future we hoped for.”
Sudsies will continue to operate under its established brand and be led by its founder, Jason Loeb, while serving as the foundation on which EVI intends to build a consumer garment care services division of national scale.
Henry M. Nahmad, EVI’s chairman and CEI, added: “Many of the finest businesses in our industry, including Sudsies, have chosen, and continue to choose, to join EVI, because we honor what their founders created and give them the means to reach their full potential. Our commitment to the commercial laundry distribution and service industry, the foundation of our Company, has never been stronger.”