EVI Industries agrees to buy PAC Industries

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EVI Industries (EVI) have announced a $12.85 million deal to acquire all of PAC Industries (PAC), Inc’s outstanding shares of common stock. Just under half of this definitive stock purchase will be paid in cash, with another $6.25 million being paid in EVI common stock. The manufacturer, based in Harrisburg, Pennsylvania, is known for selling, installing and servicing products to clients in the laundry industry. Last year they generated $22 million in revenue from selling equipment, parts and supplies.

Brian Ducey

Brian graduated from Chaminade High School and the University Of Vermont Kalkin School Of Business with a concentration in Finance. He began his career with Knight Capital Markets, working his way to market maker. Brian later expanded his market repertoire, working with various sell-side research brokerage firms, such as Sidoti & Co., and William O’Neill & Co., as an Account Executive. With over 20 years-experience in the financial industry, Brian has built a unique perspective into “market intelligence” understanding an ability to read the tape and apply second level thinking in a fast paced environment. Brian also carried several market licenses, including the series 7, 24, 55, 65, and 63 licenses as well as previously passing The Connecticut Life and Health Insurance Exam