# EVI Industries

EVI Industries is an Asset Manager based in Miami, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Miami, United States
- **Region:** North America
- **Address:** Miami, FL, United States
- **Founded:** 1959
- **Assets under management:** Undisclosed
- **Website:** evi-ind.com
- **LinkedIn:** https://www.linkedin.com/company/envirostar-inc-

## Regulatory record

- **Reports private funds:** No

## About

EVI Industries was incorporated in 1959 by Earl R. Vener, initially operating as a single-location commercial laundry equipment distributor. Henry M. Nahmad joined the leadership in the mid-2010s, steering the company through a period of rapid transformation. Publicly traded on the NYSE American under the ticker EVI, the firm has evolved from a regional distributor into a diversified enterprise with a consolidation strategy targeting the fragmented commercial laundry, dry cleaning, and boiler distribution and service markets across the United States. The company's strategy centers on acquiring and integrating independent distributors in the commercial laundry sector, alongside the sale and service of industrial boilers and water-heating equipment. Through a series of acquisitions, EVI has built a national footprint, operating across multiple states including Florida, Texas, California, and the Northeast. Its model generates revenue from equipment sales, installation, and long-term essential-maintenance service contracts, creating recurring income streams. EVI's distribution agreements include relationships with major equipment manufacturers, though it does not publicly break out its manufacturing partners by revenue share. In September 2024, EVI completed its acquisition of Northern California's Western State Design, extending its West Coast service network. The company operates through subsidiary distributors that retain their local brands while centralizing back-office functions. Total annual revenue exceeded $350 million in the most recent fiscal year, driven by a combination of organic demand and its buy-and-build strategy. The firm maintains no known philanthropic foundations or private investment arms separate from its corporate structure. EVI's structural differentiator lies in its roll-up model applied to a mundane but essential niche: laundry and boiler systems for hospitals, hotels, nursing homes, and apartment complexes. Unlike a private equity fund, EVI operates as a permanent-capital vehicle with public shareholders, allowing it to pursue long-term consolidation without fund-life constraints. Its succession from founder Earl R. Vener to Henry Nahmad as CEO marked the transition from family enterprise to professionally managed public consolidator.

## Sectors

- Industrial Tech
- Real Estate

## People

- Henry M. Nahmad — Chairman and Chief Executive Officer

## Questions

### How does EVI Industries generate recurring revenue?

A significant portion of EVI's revenue comes from long-term service and maintenance contracts on equipment it has installed. After placing commercial laundry or boiler systems in hotels, hospitals, nursing homes, and multi-family housing, EVI's local subsidiaries provide ongoing parts, repairs, and preventive maintenance. This essential-service model creates a stickier, more predictable revenue stream beyond one-time equipment sales.

### Who runs investment decisions at EVI Industries?

Chairman and CEO Henry M. Nahmad leads EVI's acquisition and capital-allocation strategy, supported by the company's board of directors. As a public company, major corporate transactions are subject to board approval and standard NYSE American governance requirements, rather than a single-family investment committee model.

### What geographic markets does EVI Industries serve?

EVI operates across the United States, with confirmed distribution and service locations in Florida, Texas, California, the Northeast, and other regions. Its September 2024 acquisition of Western State Design specifically strengthened its footprint in Northern California's commercial laundry market.

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Last updated: 2026-06-03T20:00:00.000Z

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