Intrepid Investment Bankers, a leading middle-market investment bank and the advisory arm of global financial group MUFG, announced today that it served as the exclusive financial advisor to Environmental Remedies, LLC (“ERI”) on its majority sale to ICV Partners (“ICV”).
Environmental Remedies – A provider of Mission-Critical Asbestos Abatement Services
Founded in 2004, ERI specializes in providing high-quality asbestos abatement services to residential and commercial properties across the State of California. ERI leverages a robust network of referral partners, including mitigation and restoration companies, insurance providers, and home service companies, to deliver essential, non-deferrable services that ensure safe and compliant living and working environments. ERI has earned a reputation as the go-to abatement partner in the industry.
The Next Chapter
ERI will benefit significantly from ICV’s support, fueling transformational growth through organic greenfield expansion and strategic acquisitions. The partnership aligns seamlessly with ICV’s investment thesis of empowering lower middle-market companies to scale and evolve.
“ICV is a great fit for the vision we have for ERI. ICV can help us accelerate the build-out of our infrastructure, develop our talented leadership team further, and enhance our operational capabilities. We specifically selected ICV as our partner because of their experience with family-owned and founder-led companies. They have a successful track record of helping entrepreneurs, like us, scale their business,” said Scott Tamayo, ERI’s Chief Executive Officer.
“ERI is an investment in the residential services space after extensive research and evaluation of numerous investment opportunities. ERI’s focus on the restoration and insurance end markets is a strong fit with our investment strategy of backing essential service providers whose services are non-discretionary,” said Jermaine Warren, Managing Director at ICV Partners. Mr. Warren added “In ERI, we believe we have partnered with the leading asbestos abatement service provider in California, favorably positioned and poised to capitalize on both organic and inorganic growth opportunities.” 
Intrepid’s Role in Consummating ERI’s Partnership with ICV
“We couldn’t have chosen a better team than Intrepid to serve as our financial advisor. The Intrepid team expertly guided the process from start to finish, helping us achieve an exceptional outcome,” said Brad Steinle, ERI’s President.
“It was a pleasure working with Scott and Brad to facilitate ERI’s partnership with ICV. Scott and Brad are outstanding operators who have built a fantastic business from the ground up. With ICV’s added support and resources, ERI is well positioned for its next phase of growth. We look forward to seeing ERI thrive in this new chapter,” said Jeremiah Mann, Managing Director and Head of the Industrials and Business Services Group at Intrepid.