Brennan acquires dredging & dewatering division of IAI
J.F. Brennan Company, Inc. (Brennan) has finalized the asset acquisition of the dredging and dewatering division of Infrastructure Alternatives, Inc. (IAI).
The purchase brings dewatering, water treatment, and treatability testing services into the organization for the first time.
Environmental services account for 50% of Brennan’s work. By adding dewatering and water treatment to their offerings, it increases the accessibility of remediation services nationwide subsequently improving the quality of waterways and the environment.
“We are excited for IAI’s specialists to join the Brennan family,” said Vice President of Environmental Services Greg Smith. “IAI has been a strategic partner for us on sediment remediation projects for decades. There is no doubt that their expertise in water treatment and dewatering will strengthen our ability to remediate contaminated sites across the country.”
IAI President & CEO Dana Trierweiler commented, “J.F. Brennan Company has been a long-standing, trusted teammate of IAI for nearly two decades. We have complemented each other’s services on several successful projects together, and IAI is very proud of that. We’re confident that IAI’s former dredging & sediment dewatering team will be well taken care of at Brennan; they are true professionals.”
With the acquisition, Brennan welcomes 30 new team members in both union and non-union roles, along with a complete collection of dewatering and water treatment equipment. The company has invested heavily in dredging and sediment remediation services since the late 1980s.
“Now that we’re offering water treatment services in-house, our environmental remediation, restoration, and coastal resiliency clients will experience enhanced project scheduling and coordination, and even more competitive pricing,“ said Director of Business Development Andrew Timmis.
Team members making the transition from IAI to Brennan are anticipating future success as they merge their expertise with the Brennan team. “I look forward to bringing the full strength of our team’s water treatment and sediment dewatering capabilities to Brennan and working together to reach our professional and business goals,” said Senior Director Paul Stage.
Brennan’s acquisition of IAI’s dredging and dewatering division became final on February 1, 2023.