Innovative Environmental Technologies, Inc.(IET) Announces Teaming with AXXELLA, LLC
Innovative Environmental Technologies, Inc. (IET) has executed a "Stock Purchase Agreement" with the principals of AXXELLA, LLC. in which a minority ownership in IET was sold to the AXXELLA principals. The IET integration into the AXXELLA network will provide to AXXELLA access to the capabilities and technologies practiced by IET while providing to IET access to the Blue Ocean real estate development opportunities and the AXXELLA family of companies in teamings.
Today, IET takes the next step in providing the direction for the environmental remediation industry, teaming with progressive real estate/brownfield developers, and a network of parallel companies. These strategic alliances will propel the maturation of the environmental contracting and remediation market into the 21st century by establishing a model of collaboration for others to follow.
Comparatively, the environmental remediation industry is in its infancy. Techniques, technologies, accepted processes and the expectations for participating companies is evolving as the industry matures. The evolution of alliances outside of the current, loose contractor/consultant/
The collaboration between these groups as equity partners is both innovative and logical.; By creating a network of synergistic companies with diverse capabilities, shared objectives and common stakeholders, collaborative projects may be undertaken.
"This is the next step in our industry," says Michael Scalzi, president of IET. "We are excited and energized by the opportunities our new alliances represent. This is an innovative and progressive approach to uniting the various contracting capabilities necessary for the economic restoration of manufacturing legacy sites. We look forward to participating in the evaluation and assessment of the economies associated with identifying underutilized properties and returning those properties to contributing elements of regional economies."
About AXXELLA, LLC. https://axxella.com/
Founded in 2018, Axxella was born with the purpose to expand upon the already established assembly of service businesses Blue Ocean ( https://blueocean.com/)
About Blue Ocean https://liveworktru.com/
Based in Baltimore, MD, Blue Ocean actively participates in many different real estate asset types on a management and investment level. It was founded by Jonathan Ehrenfeld in 2004. Since that time Blue Ocean has successfully syndicated purchased and managed tens of multi-million dollar multi-family and commercial assets.
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.
The 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.
The 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.