Date
Apr 2022
Region
Florida
We are pleased to share the sale of our client Industrial Treatment Technologies Inc. to The Kiely Family of Companies. The transaction closed April 18, 2022.
Founded in 2010, Industrial Treatment Technologies (ITT), located in Fernandina Beach, Florida, is a national provider of wastewater treatment facility design, construction and operations services.
With 30 years of experience in process water, wastewater treatment, sludge dewatering, and energy and plant operations, ITT reduces water and wastewater operating costs and ecological footprints for large industrial and manufacturing facilities. The services provided by ITT will further expand Kiely’s water resources capabilities.
The Kiely Family of Companies (Kiely), founded in 1952, focuses on design-build solutions for the engineering and construction industry and is headquartered in Tinton Falls, New Jersey. Kiely’s services are organized into three business units: Civil, Development, and Equipment. Each unit comprises multiple standalone companies that work together to offer an exceptional design-build experience.
They focus on servicing the needs of clients by offering a diversified list of services such as engineering, utility construction, heavy highway, hot mix asphalt production, equipment sales and leasing, recycling services, and residential and commercial building and leasing.
“We welcome the team members of Industrial Treatment Technologies to the Kiely Family,” says John M. Kiely, CEO of The Kiely Family of Companies.
“The addition of ITT to our portfolio of engineering and construction companies will bolster our efforts to empower team members, partner with customers, and advance the communities we serve.”
Generational Equity Executive Managing Director of M&A – Central Region, Michael Goss, and his team, led by Sr. Managing Director Southeastern Region, Julie Sandoval, successfully closed the transaction. Senior Managing Director Doug Morrow established the initial relationship with ITT.
“It was a pleasure working with the ITT and Kiely team. I wish continued success to both parties,” said Sandoval.
If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Industrials M&A Deals page.
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