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ICV Partners acquires Environmental Remedies, LLC (ERI) to support expansion and operational enhancement

Jan 27, 2025•11 months ago

Acquiring Company

ICV Partners

Acquired Company

Environmental Remedies (ERI)

MiamiHaywardVenture CapitalSoftwareEnvironmental Services

Description

ICV Partners, LLC has acquired a significant ownership interest in Environmental Remedies, LLC (ERI), a leading asbestos abatement service provider in California. This acquisition aims to support ERI's expansion plans and enhance its operational capabilities, leveraging ICV's expertise and resources.

Company Information

Company

ICV Partners

Location

One Biscayne Tower, 2 S. Biscayne Blvd., 37th Floor

Miami, Florida, United States

About

ICV is a private equity firm that invests in lower middle market companies in North America through its offices in Miami, FL and Atlanta, GA. Our focus is on making equity investments in high-margin, market leading businesses in partnership with proven managers who want to grow and improve their company. We have made 30 investments and understand what it takes to build capabilities and to take a company to the next level of performance.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed