An investigation on behalf of investors in shares of Envirostar Inc (NYSEAMERICAN:EVI) was announced over potential breaches of fiduciary duties by certain officers and directors at Envirostar.

The investigation by a law firm concerns whether certain Envirostar directors breached their fiduciary duties.

Miami, FL based EnviroStar, Inc., through its subsidiary, Steiner-Atlantic Corp., distributes commercial and industrial laundry and dry cleaning equipment, and steam and hot water boilers manufactured by others; supplies replacement parts and accessories, and provides maintenance services to its customers, and designs and plans turnkey laundry, dry cleaning and boiler systems for its institutional, retail, industrial and commercial customers.

Envirostar Inc reported that its Total Revenue rose from $36.02 million for the 12 months period that ended on June 30, 2016 to $93.98 million for the 12 months period that ended on June 30, 2017 and that its Net Income increased from $1.74 million to $3.17 million over those time periods.