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 theLewis Environmental team.

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

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

“Lewis Environmental hasbeen proud to call IEC a partner for many years.  The IEC team has beenproviding industry leading services for 30 years and we are excited to bringthem into the Lewis family, sharing best practices and further expanding ourfootprint 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 ourcore values of Safety, Quality, Integrity & Accountability.  Focusingon 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 thehistorical services which have been provided by IEC for thirty years. These, in addition to an expansion of waste management, remediation, industrialmaintenance and emergency response services.

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

ABOUT THE LEWIS GROUP

Headquartered inRoyersford, Pennsylvania, The Lewis Group is a multidisciplinarybusiness-to-business company offering superior, one-stop solutions tocommercial property owners, managers and contractors includingsophisticated environmental solutions and propertymanagement 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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