Innovative Environmental Technologies, Inc. (IET) Acquires Irving, Texas Based GEDCO
GEDCO Drilling and Coring, Inc., an established and recognized independent drilling contractor founded in 2000, based in Irving, Texas, has been acquired by Innovative Environmental Technologies, Inc. (IET).
"The GEDCO acquisition expands the reach of IET's drilling services into Texas and surrounding states," said Michael Scalzi, President of Innovative Environmental Technologies, Inc. "GEDCO shares our values of safety, client services and technical excellence. GEDCO is known for their creative approach to complex environmental and geotechnical drilling projects."
"We are delighted by the opportunity to integrate our personnel and equipment into IET and the opportunities this will offer to our customers. The synergies of our companies were immediately apparent as soon as we began acquisition discussions,"
Moving forward, GEDCO shall operate as IET's Texas Drilling "Branch" under the management of Cliff Rigby, the former President of GEDCO Drilling and Coring Services, Inc.
About GEDCO Drilling and Coring, Inc. http://www.gedcodrilling.com/
GEDCO Drilling & Coring, Inc., an independent drilling contractor founded in 2000 has established itself as a premier drilling contractor in Texas as well as neighboring states. GEDCO's founder, Cliff L. Rigby, a Licensed Driller with over 30 years of environmental and geotechnical drilling experience, will continue to manage the division. GEDCO performs Geotechnical, Environmental, Forensic and Offshore drilling. GEDCO owns various types of specialty drill rigs, trucks, support equipment and barges capable of performing a variety of drilling methods.
In addition to its numerous drill rigs, GEDCO operates two Barges for offshore drilling in both shallow and deep water. Both are custom built and are unique to the drilling industry. The largest of the barges is a jack-up barge, allowing it to be lifted out of the water, forming a stable work-platform in rough water environments.
About Innovative Environmental Technologies, Inc. https://www.iet-
Formed in 1998, Innovative Environmental Technologies, Inc. (IET) is the oldest and most respected remedial contractor providing patented and licensed in-situ injection services in the United States. IET provides turn-key design and implementation services to environmental consulting companies as well as providing environmental drilling and geotechnical services.
IET Remediation Services Division - Since 1998, IET has designed and implemented over 2,500 in-situ remediation projects. IET's remediation division is committed to providing the most appropriate and cost-effective technology based solutions for a wide variety of impacted soils and groundwater. IET's sixteen (16) in-house patented, patent pending and licensed technologies allow for the in-situ treatment of chlorinated solvents, petroleum hydrocarbons, pesticides and heavy metals.
IET Drilling Services Division - Beginning in 2008, IET expanded its capabilities to include environmental and geotechnical drilling services to its clients. The Drilling Services Division has expanded through organic growth and strategic acquisitions resulting in one of the country's largest and most diverse environmental contractors in the United States.
Michael Scalzi, President
Innovative Environmental Technologies, Inc.