Deal Announcement

Inverness Advisors acts as exclusive financial advisor to Industrial Environmental Contracting (IEC) in its sale to The Lewis Group

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Date:
November 2024
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Sector:
Services
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Deal size:
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Location:
New York Metro Area

Deal Summary

We are excited to announce Industrial Environmental Contracting (IEC) has decided to join the Lewis Environmental team.

“IEC has been providing superior services to industry for thirty years and the decision to join Lewis Environmental reinforces our commitment to our employees and customers well into the future”, says Dave Oliver, President of IEC. Mike Pennington, Vice President added, “There is a tremendous amount of experience here at IEC and we are excited to share this expertise with the Lewis team.  Dave and I look forward to continuing to work with our customer and vendor partners and further develop these relationships in a mutually beneficial manner.”

Oliver, Pennington and the leadership team at IEC will continue to play an important and active role in the evolution of the newly expanded Lewis Environmental organization, focusing on providing the safest, high-quality services to our customers as well as expanded opportunities for our team members.

“Lewis Environmental has been proud to call IEC a partner for many years.  The IEC team has been providing industry leading services for 30 years and we are excited to bring them into the Lewis family, sharing best practices and further expanding our footprint and capabilities to better serve our customers”, said Richard Lewis,CEO of The Lewis Group, parent organization of Lewis Environmental.  Lewis further stated, “Lewis Environmental’s foundation is centered around our core values of Safety, Quality, Integrity & Accountability.  Focusing on the employee and customer experience has been instrumental in our success”.

The Metuchen location, now branded as Lewis Environmental, will continue to provide each of the historical services which have been provided by IEC for thirty years. These, in addition to an expansion of waste management, remediation, industrial maintenance and emergency response services.

Founded in 1996 and headquartered in Royersford, Pennsylvania, Lewis Environmental provides superior services in the areas of Industrial Maintenance, EnvironmentalRemediation, Emergency Response and Waste Management.

ABOUT THE LEWIS GROUP

Headquartered in Royersford, Pennsylvania, The Lewis Group is a multidisciplinary business-to-business company offering superior, one-stop solutions to commercial property owners, managers and contractors including sophisticated environmental solutions and property management services from specialized companies including LewisEnvironmental and Lewis Property Services. More information on The LewisGroup’s capabilities can be found at www.DiscoverLEWIS.com.

Source: https://discoverlewis.com/industrial-environmental-contracting-joins-the-lewis-environmental-team/

IEC

Management

Seller CEO
Dave Oliver
Owner
Buyer CEO
Mike Pennington
Owner

Inverness

Senior Team

Derek Mattson
Co-Founder
Adam Golden
Managing Director
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