December 7, 2020

Nemphos Braue Represents ICSG Group in Acquisition and Finance of Incorp Holdings LLC


DECEMBER 7, 2020


BALTIMORE — Nemphos Braue LLC, a boutique law firm with extensive corporate law expertise, announces the successful closing of a multi-million, multi-investor acquisition of Incorp Holdings, LLC. Incorp Holdings, LLC, a leading provider of insulation, scaffolding, and other multi-craft services based in the Midwest, is intended to be the first of multiple acquisitions by ICSG Group of industrial and commercial services providers. George Nemphos, Co-Founder and lead attorney at Nemphos Braue, negotiated the intricate terms for ICSG Group’s purchase of Incorp, which included partners Lowe Capital Management LLC, led by Managing Principal James Lowe, and Construction Safety Group, led by Peter Vrettakos. 

Headquartered in Evansville, Indiana, Incorp is one of the fastest growing open shop specialty contracting firms in the Midwest, serving as an all-in-one contractor for its customers across the United States, with a primary focus on the Midwest and Southeast. Incorp offers a comprehensive suite of critical and highly complementary industrial services in support of customers’ routine maintenance and mechanical service needs. 

Lowe and Vrettakos led and co-invested with Midwest Growth Partners, NewSpring Mezzanine Capital, Spring Capital and Parkway Capital on the deal. 

“Incorp provides a high quality, diversified service offering and is truly dedicated to safety and customer service,” said Lowe. “We have actively followed the industrial services sector for the past couple of years and believe Incorp is a strong platform business that is well positioned to become a leader in the insulation and multi-craft services end market.  Pete, myself and our investors are excited to partner with Incorp’s talented management team in driving the company’s next stage of growth.  The team at Nemphos Braue was invaluable during the transaction and were instrumental in guiding us to a successful outcome.”

Incorp’s specialty services in areas including insulation, scaffolding, heat tracing, sandblasting and siding services positions them as a go-to partner for a diverse group of power generation, pulp and paper, food and beverage, and manufacturing end markets. Incorp currently employs approximately 450 employees.



Founded in 2016 by George Nemphos and Tim Braue, Nemphos Braue LLC is an innovative law firm committed to driving legal and business value for clients by fostering true strategic partnerships. Combining big firm expertise with the flexibility and creativity of a boutique practice, Nemphos Braue’s attorneys are proven in all areas of corporate and business law and have expertise in industries ranging from industrial services, technology, food and beverage and health care to real estate, manufacturing and telecommunications. Its subsidiary, Old Line Government Affairs, represents clients on complex matters before executive and legislative branches of State and local government. 

Latest Insights

View All
Share This