Midwest Remediation Acquires Icon Property Rescue

CID Capital Invests in Midwest Remediation

April 18, 2023

Environmental Services

Indianapolis-based private equity firm CID Capital has partnered with Midwest Remediation, a restoration and remediation services provider founded in 1989, to provide financial backing and support growth. The investment positions Midwest Remediation as a platform to pursue acquisitions and expand its water, fire, mold and reconstruction services across the region while founder and CEO Dave Sweet remains involved.

Midwest Remediation Acquires Water Out

July 31, 2023

Environmental Services

Midwest Remediation (MWR) has acquired family-owned, Fort Wayne-based Water Out to expand its restoration and emergency-response footprint across Indiana. Water Out's management and name will remain in place, and the combined business will offer water damage, mold remediation, fire restoration, sewage, and air duct cleaning across a larger Indiana territory.

Salute Mission Critical Acquires Iconicx Critical Solutions

December 1, 2022

Engineering Services

Salute Mission Critical has acquired Iconicx Critical Solutions to expand its commissioning, testing and QA/QC capabilities for data centers and mission-critical environments. The deal strengthens Salute’s service offering for hyperscale, colocation and enterprise data center customers and supports Iconicx’s plans to scale operations and pursue international expansion.

First Onsite Property Restoration Acquires Emergency Restoration, Inc.

November 3, 2022

Industrial Services

First Onsite Property Restoration, a North American disaster recovery and restoration provider and subsidiary of FirstService Corporation, has acquired Emergency Restoration, Inc. (ERI), a New Orleans/Metairie-based mitigation and water-damage restoration specialist. The acquisition expands First Onsite’s regional capabilities and capacity to serve large commercial, municipal, healthcare and education clients across the Gulf Coast; financial terms were not disclosed.

ICV Partners Acquires Environmental Remedies (ERI)

January 27, 2025

Environmental Services

ICV Partners has acquired a significant ownership interest in Environmental Remedies, LLC (ERI), a California-based residential asbestos abatement service provider. ICV will support ERI's growth through infrastructure investment, leadership development, geographic expansion and acquisitions, with financing provided by Stellus Capital Management.

Installed Building Products Acquires Insulation Contractors/Magellan Insulation (Icon)

October 13, 2020

Building Products

Installed Building Products, Inc. (NYSE: IBP) has acquired Insulation Contractors/Magellan Insulation (known locally as Icon), a Kent, Washington-based installer of insulation, waterproofing and firestopping serving commercial and multi-family customers across Washington and Oregon. Icon brings approximately $26 million of annual revenue and expands IBP's presence in the Pacific Northwest commercial and multi-family markets.