EnviroStar, Inc. Completes Merger with Lucken, Inc., the Parent Company of Washington Automated, Inc.
EnviroStar, Inc. (NYSE American: EVI) announced today that it completed its merger with Lucken, Inc., the parent company of Washington Automated, Inc. (“WAI”) on November 6, 2018.
WAI is a Washington-based distributor of commercial and vended laundry products and a provider of related installation and maintenance services to customers in the hospitality, healthcare, institutional, vended, and for-profit sectors. The addition of WAI builds on EVI’s leading market share position in the on-premise laundry and vended laundry segments in the western United States and expands the service capabilities of EVI’s existing western operations.
EVI expects that WAI will continue to operate as it has historically, under the leadership of Ryan Lucken, executing with the same people, using the same name, and with the support and resources of EVI and all of EVI’s existing and future business units. Ryan Lucken, President of Washington Automated, added: “All of us at Washington Automated are excited about joining a company with an entrepreneurial culture and a proven strategy for long-term growth and success.”
Henry M. Nahmad, EVI’s Chairman and Chief Executive Officer, commented: “Ryan Lucken and his team built a successful business by building quality relationships with and delivering exceptional service to their customers. We welcome Washington Automated to the EVI family and look forward to building upon their success.”
EnviroStar, Inc., through its wholly-owned subsidiaries, is a distributor that sells, leases, and rents commercial, industrial, and vended laundry and dry cleaning equipment and steam and hot water boilers manufactured by others, supplies related replacement parts and accessories, designs and plans turn-key laundry, dry cleaning, and boiler systems, and provides installation and maintenance services to thousands of customers, which include commercial, industrial, institutional, government, and retail customers. These activities are conducted in the United States, Canada, the Caribbean and Latin America. https://ih.advfn.com/p.php?pid=nmona&article=78634397&symbol=EVI