BIRMINGHAM, AL (March 3, 2024) – Founders is pleased to announce that certain principals of Founders Advisors, LLC advised Lakeshore Environmental Contractors, LLC (“LEC”) in its acquisition by Quality Environmental Services (“Quality”), a leading specialty provider of a full suite of environmental remediation services in the Great Lakes region. Headquartered in Birmingham, AL, LEC is a leading provider of environmental remediation services. Known for its long history of abatement and remediation expertise, LEC’s services are trusted by customers nationwide. By integrating LEC’s services offerings and geographic footprint, the combined business will be able to offer full-service environmental solutions from the Great Lakes region to the Southeast.

Scott Harrison, Stan Roth, and Aaron Murphree, owners of LEC, commented “We are extremely pleased with the outcome and the new partnership. We want to express our appreciation for all the hard work and guidance the Founders team provided LEC to get us across the finish line.”

“It was a pleasure working with Scott, Stan, and Aaron. We are proud of the outcome we were able to achieve for the owners,” added Evan Klisares, Director at Founders Advisors. “We look forward to seeing this partnership unfold in the future.”

About LEC

LEC has established a formidable reputation over the past 36 years as a trusted provider of environmental remediation services, delivering tailored solutions to a diverse customer base of general contractors, industrial hygienists, and property managers. With a focus on the recession-resistant government / military / Department of Defense end-market, LEC primarily services projects across the Gulf Coast and Southeast regions, however, it is licensed and has performed work in twenty-nine states.

About Quality

Based in Beaverton, MI, and led by CEO, Kevin Wolfe, Quality offers a complementary portfolio of environmental remediation services, including asbestos abatement, mold remediation, lead paint abatement, sub-floor grinding, selective demolition, and mechanical insulation. The Company services private, state, and federal customers in a wide variety of end-markets, with a focus on the recession-resistant education and healthcare sectors.

About Founders Advisors

Founders’ Industrials Group supports their clients through deep sector expertise in Power & Infrastructure. Our team captures perspectives on relevant industry trends, unique competitive landscape shifts and key positioning insights to relevant investors. Should you be exploring opportunities in Power & Infrastructure or considering alternatives, please feel free to reach out to our team.

Evan Klisares

Director

Power & Infrastructure