New IAQ Platform Targets Radon Mitigation Svcs

ST. LOUIS -- Lewis & Clark Capital has formed a new indoor air quality platform built through the acquisitions of Radon Mitigation Services and Radon Professional Services.
 
AirCore Environmental will provide radon mitigation services predominantly to commercial customers across the Southeastern United States, with a mission to help property owners, managers, and builders create safer, healthier indoor environments.

Formed by Lewis & Clark Capital, AirCore Environmental is designed to serve as the foundation for a regional IAQ platform, beginning with radon mitigation, what it called one of the most critical and underappreciated threats to indoor air quality.

Radon is the second leading cause of lung cancer in the United States, according to the American Cancer Society, and demand for professional mitigation services continues to grow alongside increased awareness among property owners, lenders, builders, and regulators.

"We are excited to formally launch AirCore Environmental with two businesses that have each spent decades building trust with their customers and communities," said Michael Rockhold, principal at Lewis & Clark Capital.

The Company is actively pursuing additional acquisitions of complementary IAQ services businesses.

Each founded approximately 30 years ago, RMS and RPS are Florida-based businesses that bring decades of technical expertise, established customer relationships, and proven track records of quality service to the AirCore platform.

"Radon mitigation is where we are starting, but our vision for AirCore is larger,” said Rockhold. “The IAQ market is highly fragmented, and we see a meaningful opportunity to consolidate around strong operators, bring greater resources and capabilities to the industry, and ultimately raise the bar for customers."

The existing management teams at both companies will remain in place, continuing to serve their respective customers and markets.

"Lewis & Clark is deliberate in the platforms it chooses to build. We look for founder-led businesses with proven track records that are seeking a true partner, not just a transaction. RMS and RPS are exactly that,” said Tim Spihlman, Managing Director at Lewis & Clark Capital.

Formed in 2001, Lewis & Clark Capital is based in St. Louis, Missouri. The firm invests predominantly by taking control positions in lower middle market operating businesses spanning a range of business models and end markets.

For more information, visit lewisandclarkcapital.com.