What is Ic&e?
Founded in 1986 and headquartered in St. Peters, Missouri, Ic&e has evolved from a mechanical insulation installer into a comprehensive industrial services provider. The company now offers a broad spectrum of services including Industrial Wall and Roof installation, Scaffolding, Heat Trace, IMP Duct Work, painting & coating, and pipe marking. With a national reach and operations across multiple markets, Ic&e is privately held by Larry and Jeff DeGraaf, with active involvement from the second generation of their families. Their commitment to industry best practices is evident through active participation in professional groups like NIA and MICA, contributing to industry standards such as the MICA manual. Ic&e operates three additional locations in Blair, Nebraska; Indianapolis, Indiana; and Jacksonville, Florida, demonstrating a strategic expansion of its operational footprint.
How much funding has Ic&e raised?
Ic&e has raised a total of $1.9M across 1 funding round:
Debt
$1.9M
Debt (2021): $1.9M with participation from PPP
Key Investors in Ic&e
PPP
Public-Private Partnership
What's next for Ic&e?
The recent major strategic investment signals Ic&e's readiness for accelerated expansion and potential diversification. This capital infusion is likely to fuel further geographic growth, enhance service capabilities, and potentially support acquisitions to broaden its market share. The company's established reputation and multi-generational family involvement provide a strong foundation for leveraging this new financing to solidify its position as a leader in the industrial services industry.
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