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AI brief of an SEC Form 8-K · EVI INDUSTRIES, INC. (EVI)

EVI Industries to acquire Sudsies garment care assets in three deals

Neutral Impact 4 of 5 m&a Written later

On July 17, 2026, EVI Industries and its subsidiaries signed three asset purchase agreements to acquire substantially all assets of Sudsies and related entities, with consideration of $22.6 million, $4.0 million and $900,000. The deals open EVI's consumer garment care services division, and management expects them to be accretive to earnings for the fiscal year ending June 30, 2027. Closing is expected within 30 to 45 days, subject to conditions, and either side may terminate if closing has not occurred by September 1, 2026.

Key points

  • Transaction A: $22.6 million consideration, with $1.716 million held in escrow for at least 12 months
  • Transaction B: $4.0 million consideration, with $232,000 held in escrow for at least 12 months
  • Transaction C: $900,000 consideration, including $800,000 in cash and $52,000 in escrow
  • Closing expected within 30 to 45 days; termination right if not closed by September 1, 2026

The filing

CompanyEVI INDUSTRIES, INC. (EVI)
Form8-K, current report
Filed with the SECJul 23, 2026, 3:45 PM ET
Accession number0001437749-26-024286

Items reported: 1.01 Material Definitive Agreement3.02 Unregistered Equity Sale8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 23, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.