MEDIA CONTACT:
ShaRee Schnitker
VP, Marketing and Communications
Wright Service Corp.
(515) 474-4521
SSchnitker@wrightservicecorp.com
WEST DES MOINES, Iowa (January 3, 2024) – Wright Service Corp. family of companies (“Wright”) announced today the acquisition of Impact7G, Inc., a leader in environmental consulting that focuses on helping clients do their job more efficiently, with maximum quality and while fostering sustainable decisions. This transaction closed on December 29, 2023.
“Five years ago, we articulated a strategic plan to diversify our family of companies and grow our shareholders’ value over the long-term. Today, as we welcome Impact7G to the Wright Service Corp. family of companies, is another important and very exciting step in executing our strategic plan,” said Wright Service Corp. President and CEO Austin Kennedy.
Wright’s expertise is in consulting utility vegetation management including inspection, auditing, risk mitigation, forest management and reforestation, technology solutions, consulting and operations, commercial environmental services, plus residential and commercial landscaping and tree care.
“The acquisition of Impact7G is part of our continued focus on expanding environmental sustainability investments that aligns with Wright Service Corp.’s vision of accelerating growth through acquisition,” stated Kennedy. “Impact7G’s specialized expertise in telecommunications environmental services, health and safety compliance, natural resource restoration, and clean water initiatives will expand the services and talent of our diverse environmental professionals and deliver exceptional value to our clients and partners.”
Founded in 2011, Iowa-based Impact7G sought to attract the most diverse set of environmental professionals in the industry. Joining Wright provides the opportunity for continual growth of the business and enhances the future of team members as employee owners.
“We are extremely excited to join the growing environmental division at Wright Service Corp. and couldn’t be more thrilled to be a part of an Iowa-based, employee-owned company,” Impact7G President Ryan Peterson commented. “Our commitment to our staff, our clients and the environment will be strengthened far beyond what we set out to accomplish 13 years ago when Impact7G was founded. We look forward to working with the Wright team to expand our services into new markets while providing our employees with new opportunities in the environmental field.”
Wright Service Corp. and Impact7G are confident that this acquisition will be beneficial to all united with a shared mission to deliver value to our clients, communities and employee owners through environmental stewardship and sustainability.
Wright was advised on the transaction by NCP, Inc. acting as exclusive financial advisor and Nyemaster Goode, P.C. acting as legal counsel.
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About Wright Service Corp.
Wright Service Corp. is a prominent leader in several environmental services industries, providing integrated vegetation management, forest management and reforestation, technology solutions, environmental and agricultural sustainability consulting, commercial environmental services, residential and commercial landscaping, tree care, interior plantscaping, and other outdoor and indoor services. The Wright family of companies includes Wright Tree Service®, Wright Outdoor Solutions®, CN Utility Consulting, Terra Spectrum Technologies, Sustainable Environmental Consultants®, Wright Tree Service of the West, Wright Tree Service of Puerto Rico, Wright Canada Holdings and Transcon Environmental and commonly seen brands, such as Spectrum Resource Group, ArborCare and Verdure Elements.
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