Trending...
- Colonial Nissan Enhances Ownership Experience with Hall of Fame Package
- Top 15 Mosquito-Infested Cities in Louisiana and East Texas Ranked for 2026 Mosquito Season
- Agape Leadership Academy Opens Nationwide Enrollment — State ESA Scholarships Cover Full Tuition for Families in 7 States
Innovative Environmental Technologies, Inc. (IET) has executed a "Stock Purchase Agreement" with the principals of AXXELLA, LLC. in which a minority ownership in IET was sold to the AXXELLA principals. The IET integration into the AXXELLA network will provide to AXXELLA access to the capabilities and technologies practiced by IET while providing to IET access to the Blue Ocean real estate development opportunities and the AXXELLA family of companies in teamings.
PIPERSVILLE, Pa. & BALTIMORE - PennZone -- Since 1998, IET has been recognized as a leader in technologies for the remediation of groundwaters impacted by various industrial solvents, heavy metals, petroleum hydrocarbons and pesticides,
Today, IET takes the next step in providing the direction for the environmental remediation industry, teaming with progressive real estate/brownfield developers, and a network of parallel companies. These strategic alliances will propel the maturation of the environmental contracting and remediation market into the 21st century by establishing a model of collaboration for others to follow.
Comparatively, the environmental remediation industry is in its infancy. Techniques, technologies, accepted processes and the expectations for participating companies is evolving as the industry matures. The evolution of alliances outside of the current, loose contractor/consultant/product supplier relationships, represents a natural, yet unique progression, meeting the needs of both the environmental remediation industry and the brownfield development markets.
More on The PennZone
The collaboration between these groups as equity partners is both innovative and logical.; By creating a network of synergistic companies with diverse capabilities, shared objectives and common stakeholders, collaborative projects may be undertaken.
"This is the next step in our industry" says Michael Scalzi, president of IET. "We are excited and energized by the opportunities our new alliances represent. This is an innovative and progressive approach to uniting the various contracting capabilities necessary for the economic restoration of manufacturing legacy sites. We look forward to participating in the evaluation and assessment of the economies associated with identifying underutilized properties and returning those properties to contributing elements of regional economies."
About AXXELLA, LLC. https://axxella.com/:
Founded in 2018, Axxella was born with the purpose to expand upon the already established assembly of service businesses Blue Ocean ( https://blueocean.com/) had assembled since its inception in 2004. These businesses have expanded from nurturing the specific needs of Blue Ocean to providing goods and services to many third-party partners. In addition, we have partnered or outright acquired businesses that have complimented the strengths of the legacy companies.
About Blue Ocean https://liveworktru.com/commercial-properties/:
More on The PennZone
Based in Baltimore, MD, Blue Ocean actively participates in many different real estate asset types on a management and investment level. It was founded by Jonathan Ehrenfeld in 2004. Since that time Blue Ocean has successfully syndicated purchased and managed tens of multi-million dollar multi-family and commercial assets.
About Innovative Environmental Technologies, Inc. https://www.iet-inc.net/
Formed in 1998, Innovative Environmental Technologies, Inc. (IET) is the oldest and most respected remedial contractor providing patented and licensed in-situ injection services in the United States. IET provides turn-key design and implementation services to environmental consulting companies as well as providing environmental drilling and geotechnical services.
The IET Remediation Services Division - Since 1998, IET has designed and implemented over 2,500 in-situ remediation projects. IET's remediation division is committed to providing the most appropriate and cost-effective technology based solutions for a wide variety of impacted soils and groundwater. IET's sixteen (16) in-house patented, patent pending and licensed technologies allow for the in-situ treatment of chlorinated solvents, petroleum hydrocarbons, pesticides and heavy metals.
The IET Drilling Services Division - Beginning in 2008, IET expanded its capabilities to include environmental and geotechnical drilling services to its clients. The Drilling Services Division has expanded through organic growth and strategic acquisitions resulting in one of the country's largest and most diverse environmental contractors in the United States.
Today, IET takes the next step in providing the direction for the environmental remediation industry, teaming with progressive real estate/brownfield developers, and a network of parallel companies. These strategic alliances will propel the maturation of the environmental contracting and remediation market into the 21st century by establishing a model of collaboration for others to follow.
Comparatively, the environmental remediation industry is in its infancy. Techniques, technologies, accepted processes and the expectations for participating companies is evolving as the industry matures. The evolution of alliances outside of the current, loose contractor/consultant/product supplier relationships, represents a natural, yet unique progression, meeting the needs of both the environmental remediation industry and the brownfield development markets.
More on The PennZone
- Bergey's Truck Centers Recognized in 2026 MACH Alliance Composable Impact Awards
- What Would you Do with Your Time if it Was Actually Money?
- Mr. Hospital Bed Showcases the Best Hospital Bed and Air Mattress for Bed Sores for 2026
- Traian TKD Tractari Auto Iasi: cum transporti legal la RAR o masina fara numere sau cu ITP expirat
- Mike Williams Golf Center Now Open at Georgia's Lanier Islands Resort
The collaboration between these groups as equity partners is both innovative and logical.; By creating a network of synergistic companies with diverse capabilities, shared objectives and common stakeholders, collaborative projects may be undertaken.
"This is the next step in our industry" says Michael Scalzi, president of IET. "We are excited and energized by the opportunities our new alliances represent. This is an innovative and progressive approach to uniting the various contracting capabilities necessary for the economic restoration of manufacturing legacy sites. We look forward to participating in the evaluation and assessment of the economies associated with identifying underutilized properties and returning those properties to contributing elements of regional economies."
About AXXELLA, LLC. https://axxella.com/:
Founded in 2018, Axxella was born with the purpose to expand upon the already established assembly of service businesses Blue Ocean ( https://blueocean.com/) had assembled since its inception in 2004. These businesses have expanded from nurturing the specific needs of Blue Ocean to providing goods and services to many third-party partners. In addition, we have partnered or outright acquired businesses that have complimented the strengths of the legacy companies.
About Blue Ocean https://liveworktru.com/commercial-properties/:
More on The PennZone
- Appliance EMT Launches June "Summer Rescue" Promotion
- New Luxury Single Family Homes From $976,990 in Manalapan
- Longevityresearch.ca Unveils a Unique Bayesian Causal Atlas; Saves up to 7.9 life years/patient
- Grane Rx, a National Pharmacy Partner to PACE Programs, Names Scott Sosso President
- K2 Integrity Acquires RiskFront AI to Deliver AI Automation for Financial Crime Compliance and Risk Operations
Based in Baltimore, MD, Blue Ocean actively participates in many different real estate asset types on a management and investment level. It was founded by Jonathan Ehrenfeld in 2004. Since that time Blue Ocean has successfully syndicated purchased and managed tens of multi-million dollar multi-family and commercial assets.
About Innovative Environmental Technologies, Inc. https://www.iet-inc.net/
Formed in 1998, Innovative Environmental Technologies, Inc. (IET) is the oldest and most respected remedial contractor providing patented and licensed in-situ injection services in the United States. IET provides turn-key design and implementation services to environmental consulting companies as well as providing environmental drilling and geotechnical services.
The IET Remediation Services Division - Since 1998, IET has designed and implemented over 2,500 in-situ remediation projects. IET's remediation division is committed to providing the most appropriate and cost-effective technology based solutions for a wide variety of impacted soils and groundwater. IET's sixteen (16) in-house patented, patent pending and licensed technologies allow for the in-situ treatment of chlorinated solvents, petroleum hydrocarbons, pesticides and heavy metals.
The IET Drilling Services Division - Beginning in 2008, IET expanded its capabilities to include environmental and geotechnical drilling services to its clients. The Drilling Services Division has expanded through organic growth and strategic acquisitions resulting in one of the country's largest and most diverse environmental contractors in the United States.
Media Contact
Michael Scalzi, President
Innovative Environmental Technologies, Inc.
mikescalz@iet-inc.net
8887218283
Michael Scalzi, President
Innovative Environmental Technologies, Inc.
mikescalz@iet-inc.net
8887218283
Source: Innovative Environmental Technologies, Inc.
0 Comments
Latest on The PennZone
- Dave's Auto Services Sponsors Night of Racing at Action Track USA in Kutztown PA
- CCHR Calls Out Psychiatry's Pattern of Resistance to Antidepressant Deprescribing
- Boston Industrial Solutions Introduces New Natron® 310 Hyper White UV Ink for Enhanced Printing Performance
- New analysis reveals second job workers keep just 80p in every pound they earn
- NRE Health Institute Launches International Study Examining Motivations Behind Non-Sexual Nudity
- American Ethiopian Public Affairs Committee (AEPAC) Applauds Pennsylvania House Recognition of Adwa VictoryDay
- A Foundational Claim in Human Secrecy Goes Public
- Agape Leadership Academy Opens Nationwide Enrollment — State ESA Scholarships Cover Full Tuition for Families in 7 States
- Fourth Annual Free Training Day Mid-Atlantic Returns Sept. 19, 2026
- Las Vegas Headliner Don Barnhart Brings National Touring Comedy Show to Comedy Cabana
- Nevada Boxing Hall of Fame Announces 14th Annual Induction Gala Weekend Honoring Classes of 2025 and 2026
- Brosix Celebrates 20 Years of Private Team Messaging for Small and Mid-Sized Businesses
- Top 15 Mosquito-Infested Cities in Louisiana and East Texas Ranked for 2026 Mosquito Season
- Colonial Nissan Enhances Ownership Experience with Hall of Fame Package
- From Broken to Soaring Week 40
- Costa Oil Takes the Spotlight as Primary Sponsor at Pocono, Celebrates Team with Employee Appreciation Day Costa Oil to back the
- MoMojo Records announces new album from Mitch Woods
- Finnish Political Satire Film Generates 10,000+ Cross-Platform Interactions Following Gandalf Parody Video Across TikTok, YouTube and Telegram
- Baikal Engineers Published in ASHRAE Journal on Site-Assembled Custom AHUs
- AI Is Making It Easier for API-First Platforms to Connect, Partner, Reach Customers, and Grow Revenue Faster