Exploring EVI Industries, Inc. (EVI) Investor Profile: Who’s Buying and Why?

You're looking at EVI Industries, Inc. (EVI) and wondering who is actually buying this commercial laundry equipment distributor and why they stick around, right? Honestly, the investor profile is a fascinating mix of high-conviction insiders and specialized institutional money, which tells a clear story about the firm's 'buy-and-build' strategy. For the fiscal year ended June 30, 2025, the company delivered a 10% jump in revenue to a record $390 million and a 33% rise in net income to $7.5 million, fueled by completing four strategic acquisitions, including their largest one ever. That kind of consistent, acquisition-driven growth is what attracts specialized funds like Royce & Associates LP and Conestoga Capital Advisors LLC, who hold around 808,145 shares and 806,670 shares respectively. Plus, the fact that all directors and executive officers as a group own a massive 53.2% of the outstanding shares-a strong signal of management's long-term commitment-means you're investing alongside the people running the show. Are these investors betting on continued industry consolidation, or is the core organic growth of 7% the real driver? That's the critical question.

Who Invests in EVI Industries, Inc. (EVI) and Why?

If you're looking at EVI Industries, Inc. (EVI), you need to understand that this isn't a typical widely-held stock; the ownership structure tells a story of high conviction. The investor base is sharply divided between significant insider control and a select group of institutional funds that appreciate the company's 'buy-and-build' strategy.

This is a closely-held company, so you see a different dynamic than with a mega-cap. As of late 2025, institutional investors hold about 43.02% of the shares, but the real power lies with individual insiders-primarily the CEO and related entities-who control roughly 57.7% of the stock. That much insider ownership means management's incentives are defintely aligned with long-term shareholder value.

• Individual Insiders: Control the majority, signaling strong executive commitment.
• Institutional Investors: Represent the core of outside capital, focused on long-term growth.
• Retail Investors: Play a smaller, but still important, role in overall liquidity.

Investment Motivations: Growth, Consolidation, and Cash

The primary draw for investors is EVI Industries, Inc.'s clear, repeatable growth model: consolidating the highly fragmented North American commercial laundry distribution and service industry. This is a classic roll-up strategy, and it works.

Fiscal Year 2025 results show this strategy delivering: Revenue hit a record $390 million, a 10% increase year-over-year, and Net Income jumped 33% to $7.5 million. Investors are buying into the idea that EVI Industries, Inc. can keep acquiring and integrating businesses profitably, expanding its geographic footprint and service capabilities. They are buying scale in a niche market. You can see their long-term commitment in their Mission Statement, Vision, & Core Values of EVI Industries, Inc. (EVI).

Also, the company's willingness to return capital is a big plus. In September 2025, EVI Industries, Inc. declared a special cash dividend of $0.33 per share, which reflects management's confidence in their strong cash flow generation despite heavy investment in acquisitions.

Strategies and Key Institutional Players

The institutional money here is primarily running a Value-Growth Hybrid strategy. They aren't short-term traders; they are patient capital looking for a small-cap company with a clear path to becoming a mid-cap leader. They tolerate the short-term integration costs that come with acquisitions, knowing it builds a larger, more defensible platform.

For example, firms like Royce & Associates, LP, which are often known for small-cap value investing, hold a significant position. This signals a belief that EVI Industries, Inc. is fundamentally undervalued relative to its long-term earnings power, especially given the consistent 7% compounded annual organic revenue growth rate alongside the acquisitions.

Here's a quick look at some of the major institutional holders, which tells you the caliber of the money involved:

The presence of large passive managers like BlackRock, Inc. and The Vanguard Group, Inc. is typical for any publicly traded stock, but the specialized small-cap funds are the ones making the active decision to overweight EVI Industries, Inc. in their portfolios. You should view their commitment as a strong vote of confidence in the long-term execution of the buy-and-build model.

Next Step: Review the latest 10-Q filing (Q1 2026, filed November 2025) to track the recent increase in net debt to $44.1 million as of June 30, 2025, and assess the corresponding acquisition pipeline.

Institutional Ownership and Major Shareholders of EVI Industries, Inc. (EVI)

You're looking at EVI Industries, Inc. (EVI) and trying to figure out who the big players are and what their commitment signals about the stock's future. The quick takeaway is that institutional investors hold a significant but not controlling stake, and their recent activity shows a nuanced confidence in the company's aggressive 'buy-and-build' strategy. Their capital is defintely a crucial endorsement.

As of late 2025, institutional investors own approximately 42.3% of EVI Industries, Inc.'s common stock, but this figure is overshadowed by the substantial insider ownership. The company's strategy-acquiring and integrating commercial laundry equipment distributors-is a capital-intensive plan, and the institutional money provides the necessary liquidity and market validation for that growth.

Here's the quick math: with 12,840,637 total shares outstanding as of October 17, 2025, the institutional slice is large, but the fact that insiders own over 57% means management's vision is the primary driver of the stock price. This is a company where you invest alongside the founders, not just the funds.

Top Institutional Investors and Their Stakes

The institutional investor landscape for EVI Industries, Inc. is dominated by a few key players who specialize in smaller-cap value or micro-cap growth, which is typical for a company with a market capitalization around $250 million. These funds are betting on the long-term success of the consolidation strategy in the fragmented commercial laundry distribution market.

The largest institutional holders, based on recent 13F filings from late 2025, are a mix of specialized investment firms and large index-tracking funds. Their collective investment signals a belief that EVI Industries, Inc. can continue to generate value from its acquisitions and operational improvements. The top three institutional holders alone account for a substantial portion of the institutional float.

• Royce & Associates LP: Held 808,145 shares, valued at approximately $25.55 million as of November 2025.
• Conestoga Capital Advisors LLC: Held 806,670 shares, valued at approximately $25.50 million as of October 2025.
• Vanguard Group Inc.: Held 315,348 shares, valued at approximately $9.97 million as of November 2025.

For a detailed look at the financial performance that underpins these valuations, you should check out Breaking Down EVI Industries, Inc. (EVI) Financial Health: Key Insights for Investors.

Recent Shifts in Institutional Ownership

The near-term changes in institutional holdings offer the clearest signal of sentiment. What we saw in the latter half of the 2025 fiscal year was a mixed but generally positive picture, showing that while some funds took profits, others were actively building their positions.

Overall, institutional investors have bought a total of 887,694 shares in the last two years, representing approximately $7.79 million in transactions. This net buying trend shows a sustained interest in the EVI Industries, Inc. story. Still, you need to look at the individual movements.

Here is a snapshot of the recent activity from key institutions:

The significant increase by Royce & Associates LP, a firm known for its small-cap focus, is a strong vote of confidence in the company's execution. But the slight reduction by a major index fund like Vanguard Group Inc. is just part of routine rebalancing, not a strategic exit.

The Impact of Large Investors on EVI's Strategy

Institutional investors play two critical roles at EVI Industries, Inc.: they validate the business model and they provide the capital flexibility necessary for the 'buy-and-build' strategy. EVI's revenue for the fiscal year ended June 30, 2025, reached a record $390 million, a result directly tied to their aggressive acquisition pace, which included the largest transaction in company history with Girbau North America.

These large investors are essentially funding the growth engine. The company's ability to generate strong operating cash flow-over $9 million in the third quarter of fiscal 2025 alone-and its disciplined capital structure are what keeps the institutional money on board. Their presence allows management to focus on long-term strategy, like the continued investment in their Field Service Management platform, which now supports over 425 technicians.

The declaration of a $5.0 million special cash dividend in September 2025, which amounted to $0.33 per share, was a direct way to reward shareholders, including the institutions, reflecting management's confidence in their financial strength and long-term outlook. This is a clear signal: the strategy is working, and shareholders are benefiting. The institutional base provides the stability for management to make these long-term, strategic decisions.

Next Step: Portfolio Manager: Assess the recent net institutional buying against your risk tolerance and the company's 30% annual revenue Compound Annual Growth Rate (CAGR) since 2016 to determine if EVI Industries, Inc. warrants a higher weighting in your small-cap allocation by the end of the quarter.

Key Investors and Their Impact on EVI Industries, Inc. (EVI)

If you are looking at EVI Industries, Inc. (EVI), you need to understand one thing immediately: this is a company where insider ownership is the primary driver of strategy and stock stability. The investor profile is not dominated by the massive, liquid float seen in large-cap stocks; rather, it is anchored by management and associated entities, making it a Mission Statement, Vision, & Core Values of EVI Industries, Inc. (EVI)-driven operation.

The core takeaway is that the company is a 'controlled company' under SEC definitions, meaning management and related parties hold a majority of the voting power, which fundamentally changes the risk and opportunity profile for outside investors.

The Insider Majority: Henry Nahmad's Influence

The most notable investor is definitively Henry M. Nahmad, the Chairman, CEO, and President, whose stake is the single greatest factor in the stock's governance. As of late 2025, Mr. Nahmad's direct and indirect holdings represent approximately 34.58% of the company's common stock, totaling over 4.44 million shares. This concentration means his strategic vision-the 'buy-and-build' acquisition strategy-is essentially locked in.

The total insider ownership is exceptionally high, sitting at around 60.79% of the company's stock, according to recent filings. This is not a typical institutional-driven stock; it's a management-controlled vehicle. That level of control simplifies decision-making but also limits the influence of outside activist investors. It's a tight ship.

Here's a quick look at the top-tier ownership structure that dictates the company's direction:

Institutional Holders: Steady Capital, Low Volatility

Institutional investors own approximately 43.02% of the float, but a much smaller portion of the total company compared to insiders. These are mostly passive, long-term holders like Gemmer Asset Management LLC, which holds over 1.02 million shares, and Royce Associates LP, which holds over 808,000 shares. Even major index-tracking funds like BlackRock and The Vanguard Group are present, but their positions are generally smaller and driven by index inclusion rather than activist intent.

What this means for you is that the institutional capital is largely 'sticky.' They are buying into the long-term compounding story driven by the insider-controlled acquisition strategy. They aren't going to push for a quick sale or a major operational overhaul. They're betting on the continued success of the core strategy, which in fiscal year 2025 led to a 10% increase in revenue to $390 million.

The low institutional percentage relative to total ownership also explains why the stock is not often subject to the high-volume volatility seen when a large fund dumps shares. The float (the shares available for public trading) is relatively small, which can amplify price movements, but the majority of shares are held by hands that aren't looking for an exit.

Recent Capital Moves and Governance Signals

The most direct recent signal to shareholders was the special cash dividend declared in September 2025. This was a distribution of $0.33 per share, paid in October 2025, reflecting the strong fiscal 2025 results. This move is a clear sign that management is committed to returning value directly to shareholders while continuing its aggressive growth strategy, which deployed $46.9 million on strategic acquisitions in fiscal 2025 alone.

The focus remains on the 'buy-and-build' strategy, which completed four acquisitions in fiscal 2025, including the largest in company history, Girbau North America. This is where capital is being deployed, and investors are essentially funding this M&A pipeline. When net debt increased to $44.1 million as of June 30, 2025, it was a direct result of this acquisition-heavy investment.

Near-term insider activity has been routine. For example, on November 19, 2025, CEO Henry M. Nahmad surrendered 3,058 shares to cover tax withholding obligations related to the vesting of restricted stock awards. This is a non-discretionary, tax-related sale, not a signal of executive loss of confidence, but it is defintely worth tracking. You should always distinguish between routine tax-related transactions and discretionary open-market sales.

• Monitor the $44.1 million net debt level against future operating cash flow.
• Look for new acquisition announcements, as M&A drives the business.
• Expect continued long-term alignment from institutional holders.

Finance: Track Q2 2026 cash flow statement for net debt reduction progress by January 2026.

Market Impact and Investor Sentiment

The investor profile for EVI Industries, Inc. (EVI) is defined by a strong, positive sentiment from its core leadership, which is balanced by a more cautious, but still committed, institutional base. This is not a widely-held mega-cap stock; it's a controlled company where management's vision is the primary driver of sentiment.

Management and related parties, primarily CEO Henry M. Nahmad and Symmetric Capital LLC (of which he is the sole manager), hold significant sway, controlling about 56.2% of the voting power as of November 2025. Symmetric Capital LLC alone holds a substantial 30.2% of the equities. This means the long-term 'buy-and-build' strategy is defintely locked in, aligning insider interests with sustained growth over short-term gains. This level of control signals stability to the market, but it also limits the influence of outside activist investors.

• Management's control ensures strategic continuity.
• Institutional ownership provides external validation.
• The focus remains on accretive acquisitions and organic growth.

Key Institutional Players and Their Stance

Looking at the institutional ownership, you see a mix of long-term holders and active small-cap funds. This is where the external sentiment lives. For example, as of November 2025, Royce & Associates LP held 808,145 shares, representing about 6.294% ownership, showing a recent increase of 9.9% in their position. Conestoga Capital Advisors LLC is another major player, holding 806,670 shares, or 6.322% of the company, though they recently trimmed their position by 3.2%. These moves show active portfolio management, not a wholesale flight from the stock. Vanguard Group Inc. is also a top holder with 315,348 shares. Here's the quick math: the largest institutional holders are generally supportive of the long-term strategy, but they are still actively adjusting their positions based on valuation and near-term execution.

Recent Market Reactions to Ownership Shifts

Market reaction to ownership changes in EVI Industries, Inc. (EVI) is often muted by the high insider control, but earnings releases still cause movement. When the company reported record Fiscal 2025 results in September 2025-with revenue hitting a record $390 million and Net Income up 33% to $7.5 million-the market responded positively, followed by a special cash dividend of $0.33 per share. However, the stock price reaction to the Q1 Fiscal 2025 earnings release saw a slight decline of 1.7%, closing at $17.67, which is a classic small-cap reaction to a mixed signal: record revenue but a dip in net income due to integration costs. The closing price on November 19, 2025, was $19.51, reflecting a relatively stable trading range in the face of ongoing acquisitions and integration work. You need to look past the day-to-day noise and focus on the strategic transactions, like the special dividend, which totaled approximately $4.9 million and reflects a disciplined capital structure. For a deeper dive into the company's fundamentals, you can check out Breaking Down EVI Industries, Inc. (EVI) Financial Health: Key Insights for Investors.

Analyst Perspectives: Valuation vs. Strategy

The analyst community is split, which is common for a company executing a capital-intensive 'buy-and-build' strategy. The consensus is that the strategy is sound, but the valuation is a swing factor. DA Davidson maintained a 'Buy' recommendation on EVI Industries, Inc. (EVI) as recently as November 13, 2025. This view is based on the strong execution of the growth strategy, which drove Fiscal 2025 Adjusted EBITDA up 11% to $25.0 million. Still, a cautious perspective notes that the stock's blended Price-to-Earnings (P/E) ratio of 50.91x is trading at a significant premium to its historical average of 21.8x. This suggests that while the company is doing all the right things-like generating $21.3 million in operating cash flow in Fiscal 2025-the current price already bakes in a lot of future success. So, the analyst perspective is: great business, but you are paying a high price for the growth story. Your action here is to model a more conservative growth rate to see if the valuation still makes sense for your portfolio.