Jeffersonville commercial laundry company acquired
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A distributor of commercial laundry products headquartered in Jeffersonville is under new ownership. O’Dell Equipment and Supply LLC has been acquired by EVI Industries Inc., a commercial laundry advisory and technical services provider based in Miami, Florida.
O’Dell supplies laundry and dry cleaning equipment, as well as technical installation and maintenance services, for a variety of industries, including hospitality, health care, and correctional customers.
Financial terms of the acquisition, which closed on Nov. 1, were not disclosed.
“The addition of O’Dell is consistent with our strategy to offer the broadest portfolio of commercial laundry products such that our sales organization will be able to provide comprehensive solutions for any commercial laundry customer in North America and to support our customers with the largest and most knowledgeable service organization in the industry,” EVI CEO Henry Nahmad said in a news release.
O’Dell generated about $10.5 million in revenue for the full-year ended June 30, according to EVI.
EVI said O’Dell will continue to operate under its existing name at its facility in Jeffersonville. The company has 25 employees, all of whom are being retained.
Founded in 2015, EVI operates multiple subsidiaries that provides its customers with planning, designing, and consulting services related to their commercial laundry operations, including the sale or lease of commercial laundry equipment, specializing in washing, drying, finishing, material handling, water heating, power generation, and water reuse applications.
EVI had 750 employees prior to the acquisition of O’Dell.