IMB Development Corporation has made an investment in LaFata Contract Services, LLC – Everingham & Kerr, Inc.
February 01, 2018
Everingham & Kerr, Inc. announced today that IMB Development Corporation(“IMB”) has made an investment in LaFata Contract Services, LLC (“LCS”). Terms of the transaction were not disclosed.
IMB, a leading private investment firm, announced today it has made a partnership investment in LCS, a $16million project and construction management company with over 100 employees that supports the gas and electric utility industries in Pennsylvania, Maryland, the District of Columbia, and Illinois.
LCS provides project management, engineering, and construction management services that span the life cycle of a utility company project. The LCS team includes highly technical, skilled industry veterans who handle project design, budgeting, procurement, project management, and communications. Representative projects include transmission line work, distribution work, substation work, gas main and service line replacement, and new gas business and facility renewal work.
Everingham & Kerr, Inc. initiated this transaction, acted as a financial advisor and assisted with negotiations for LCS.
For more information on this transaction, please contact PeterCookatpwc@everkerr.com or 856.546.6655×119. PRESS RELEASE for immediate release January 31, 2018.
About Everingham & Kerr, Inc.
Everingham & Kerr is a merger and acquisition advisory firm that specializes in providing intermediary services for lower middle market companies and entrepreneurs. The firm assists clients across all industries and offers various services including mergers, acquisitions, divestitures, valuations, transaction consulting and exit planning. The firm’s client base has included public and private corporations, investor groups, individual entrepreneurs, management buy out groups and family buy out participants . Everingham & Kerr’s focus is on providing lower middle market companies with highly professional services typically available only from large investment banks servicing much larger clients. The firm provides there sources and highly experienced personnel necessary to ensure maximum results produced efficiently and confidentially.