LVI Services Inc. Acquires Mazzocchi Wrecking, Inc.
Chicago – Code Hennessy & Simmons LLC (“CHS”) announced that LVI Services Inc. (“LVI”) acquired Mazzocchi Wrecking, Inc. (“Mazzocchi”), a demolition and wrecking company serving the northeastern United States. LVI is a portfolio investment of CHS Private Equity V LP, a $1.3 billion investment fund formed in 2005.
Headquartered in East Hanover, New Jersey, Mazzocchi is the largest demolition and wrecking company in the New York metropolitan area and the seventh largest in the U.S. Mazzocchi specializes in articulated and “surgical” demolition by using high-reach, heavy-shear equipment on tight sites where a traditional wrecking ball or explosives are prohibited or restricted. Mazzocchi’s work includes the demolition of high rise buildings, industrial structures, bridges and marine projects. Notable projects include the World Trade Center Ground Zero site, Con Edison in Manhattan and Resorts Casino in Atlantic City.
Grace Mazzocchi, President and Co-Founder of Mazzocchi, said, “LVI and Mazzocchi now have the opportunity to bring our clients an even broader array of demolition and environmental remediation services. Like LVI, our commitment to client service and building strong relationships is critical to our success.”
Headquartered in New York, New York, LVI is the nation’s leading provider of a wide array of integrated facilities services, including environmental remediation, demolition and related services for commercial, industrial, multi-family residential and governmental facilities. LVI focuses on projects involving asbestos, lead paint, mold, infection control, hazardous materials, emergency and disaster services and demolition. Founded in 1986, LVI has more than 30 offices across the U.S., is licensed in every state and is experienced in responding to natural and man made disasters around the world. For additional information about LVI, please refer to the company’s website at www.lviservices.com.
Bob McNamara, President and CEO of LVI, said, “Mazzocchi is a highly regarded demolition company with a long history of excellent customer service. Together, we will offer unique capabilities with specialized equipment and significantly increase our presence in the demolition, wrecking and remediation markets in the eastern U.S.”
CHS is a Chicago-based private equity firm specializing in private equity investments and recapitalizations of middle market companies in partnership with management. CHS has formed five private equity funds and currently manages over $2.5 billion of capital. For additional information about CHS, please refer to the firm’s website at www.chsonline.com.