EVI Industries, Inc. announced on March 3, 2026 that it has closed a definitive agreement to acquire Akron‑based Belenky, Inc., a family‑owned distributor of commercial laundry products and services. The transaction adds a fifth‑generation business to EVI’s portfolio, expanding its presence in Ohio and bringing an experienced team of seventeen employees and deep customer relationships into the company’s network.
The deal was paid in cash and Belenky will continue to operate under its existing name and facility with its current staff in place. The acquisition is the 32nd business EVI has added since 2016, and it follows a pattern of strategic roll‑ups that have added $50 million in annual revenue capacity to the company’s portfolio. EVI’s “buy‑and‑build” strategy focuses on acquiring complementary businesses, retaining their leadership, and leveraging service capabilities to strengthen a recurring revenue moat.
EVI’s financial performance in the period surrounding the acquisition underscores the strategic fit. Revenue rose 10.3% to $389.8 million in fiscal year 2025, and the trailing twelve months ending December 31, 2025, saw revenue of $427.06 million, an 18.48% year‑over‑year increase. In Q2 2026, revenue reached $115.3 million, up 24% year‑over‑year, while net profit margin climbed to 2.1% from 1.9% in fiscal year 2025. Gross margin expanded to nearly 31% in Q2 2026, reflecting favorable product mix and pricing discipline, and operating margin stood at 3.5% in fiscal year 2025.
Management highlighted the strategic rationale for the deal. "Belenky represents exactly the type of business we seek to partner with — a well‑managed company with deep customer relationships, a strong local reputation, and an experienced team positioned for growth," said Henry M. Nahmad, EVI’s Chairman and CEO. Belenky Chairman Robert Minster added, "EVI will be the perfect partner for our future, allowing us to maintain our core business philosophies while adding significant resources and support that will enhance our customer experience."
The acquisition is expected to accelerate synergies and support EVI’s goal of delivering higher margins and cash flow. By integrating Belenky’s service‑oriented model, EVI aims to strengthen its recurring revenue from maintenance contracts and parts sales, reinforcing the company’s service moat and expanding its footprint in a highly fragmented commercial laundry market.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.