Press Release: Scott Equipment : EnviroStar, Inc. to Acquire Scott Equipment, Inc.

MIAMI--(BUSINESS WIRE)--EnviroStar, Inc. (NYSE American: EVI) announced today that it executed a definitive purchase agreement to acquire substantially all the assets and certain liabilities of Houston, Texas based Scott Equipment, Inc. for $13.0 million, 50% of which will be paid in cash and 50% in EVI common stock. The addition of Scott Equipment to EVI's existing Dallas operations is expected to result in over $50 million of revenues derived primarily in the State of Texas by 19 sales profes