EVI Industries strengthens Midwest footprint with Haiges Machinery acquisition

EVI Industries, Inc., a leader in North America’s commercial laundry distribution and services industry, has announced its acquisition of Haiges Machinery, Inc. This move signifies EVI’s first foray into the Midwest market, reflecting the company’s robust growth strategy and commitment to providing comprehensive commercial laundry solutions.

The acquisition, set to close following standard conditions, will allow Haiges Machinery to operate under its current name, retaining all 25 employees and its established facility in Huntley, Illinois. The transaction highlights EVI’s buy-and-build philosophy, which emphasizes operational continuity and long-term partnerships.

How Does EVI’s Expansion Impact the Commercial Laundry Industry?

EVI Industries’ entry into the Midwest signals a strategic effort to tap into a region rich with commercial and industrial demand for advanced laundry solutions. Haiges Machinery brings decades of expertise, including the distribution, installation, and maintenance of high-performance laundry equipment.

By acquiring Haiges Machinery, EVI enhances its capability to serve a diverse client base, including retail, industrial, institutional, and government sectors. EVI Chairman and CEO, Henry M. Nahmad, stated:

“Our operating philosophy is a natural fit for entrepreneurs and industry professionals. The thoughtful approach of Robert Haiges and his family throughout this process has been admirable. We’re thrilled to welcome the Haiges Machinery team and look forward to their contributions.”

This acquisition is expected to bolster EVI’s revenue stream, with Haiges Machinery’s operations projected to be accretive for the fiscal year ending June 30, 2025.

Why Is EVI’s Buy-and-Build Model Transformative?

Since adopting its buy-and-build strategy in 2016, EVI has acquired 29 commercial laundry businesses, solidifying its leadership in a fragmented market. The company’s approach prioritizes identifying established, well-run businesses and empowering their leadership teams to thrive within EVI’s corporate ecosystem.

Core principles of EVI’s strategy include:

• Retaining and empowering existing leadership teams.
• Honoring company culture while fostering innovation.
• Deploying advanced technologies to modernize operations.
• Aligning employee incentives with long-term equity.

These principles have enabled EVI to integrate diverse businesses while maintaining high operational standards, ultimately providing clients with seamless, value-added services.

What Does EVI’s Midwest Expansion Mean for Its Customers?

EVI Industries has built a reputation for delivering comprehensive solutions that address every aspect of commercial laundry operations. From planning and consulting to the sale, installation, and maintenance of laundry equipment, EVI’s end-to-end services are tailored to meet the specific needs of its clients.

The acquisition of Haiges Machinery further extends EVI’s ability to offer cutting-edge solutions, including:

• Advanced washing, drying, and finishing equipment.
• Sustainable water reuse and energy-saving applications.
• Ongoing technical support from experienced technicians.

Haiges Machinery’s long-standing relationships with its customers and supplier partners ensure that EVI will benefit from immediate synergies, driving customer satisfaction and operational excellence.

What Challenges Does EVI Address in a Fragmented Industry?

The commercial laundry industry has traditionally been fragmented, with numerous small-scale operators dominating local markets. EVI’s strategy of consolidation addresses these inefficiencies by creating a cohesive network of businesses capable of delivering uniform service quality across regions.

Through strategic acquisitions, EVI has achieved economies of scale, improved supply chain management, and introduced technological advancements that enhance customer experience. The addition of Haiges Machinery to its portfolio underscores EVI’s ability to identify high-potential businesses and integrate them seamlessly into its operations.

How Will Haiges Machinery’s Legacy Be Preserved?

A key aspect of EVI’s approach is its respect for the legacy and culture of acquired companies. Haiges Machinery, founded on a commitment to excellence and customer satisfaction, will retain its identity, leadership, and operational autonomy. This continuity ensures that existing clients and employees experience minimal disruption, while also benefiting from EVI’s broader resources and expertise.

What’s Next for EVI Industries?

With the acquisition of Haiges Machinery, EVI continues its aggressive growth trajectory, driven by a commitment to innovation and customer-centric solutions. As the only publicly traded company dedicated to commercial laundry services in North America, EVI is uniquely positioned to set industry benchmarks in operational efficiency and service quality.

The company’s expansion into the Midwest reinforces its position as a market leader and highlights its ability to adapt to evolving customer needs. EVI’s long-term vision includes leveraging its expanded network to introduce new technologies, foster sustainable practices, and create value for stakeholders.