EVI Industries agrees to acquire garment care operator Sudsies

Reuters2026/07/20 12:12

By:Reuters

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EVI Industries entered a definitive agreement to acquire Miami-based garment care operator Sudsies, forming the base of a new consumer division.
Sudsies posted revenue of about $21.7 million for the 12 months ended June 30, 2026, with operating income of about $4.7 million.
EBITDA was about $5.7 million over the same period; five-year revenue CAGR was about 21% through June 30, 2026.
Sudsies is expected to keep its brand; founder Jason Loeb is set to continue leading the business post-close.
The deal is expected to close promptly, subject to customary conditions; management expects it to be accretive for fiscal 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. EVI Industries Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260720351103) on July 20, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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EVI Industries agrees to acquire garment care operator Sudsies

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