Mazzocchi Wrecking was key player in removing debris from the stricken World Trade Center.
LVI, which claims revenue of $300 million in abatement, waste remediation, demolition and other facility services across the U.S., says the Mazzocchi purchase will add demolition capacity, particularly in East Coast markets. Mazzocchi has revenue of nearly $60 million and is one of the largest demolition firms in the New York metropolitan area. It ranks seventh on ENR's list of the top specialty contractors in demolition and wrecking.
The acquisition will offer Mazzocchi access to more private-sector work in new markets and will increase the firm's bonding capacity, says Grace Mazzocchi, the company's founder and president. She will remain in that role as part of LVI in a unit to be called LVI/Mazzocchi Wrecking. Nick Mazzocchi remains as executive vice president.
Mazzocchi specializes in what it calls "surgical" demolition, with an equipment fleet of more than 200 pieces that can operate in tight sites where wrecking balls or explosives cannot be used. The fleet includes long-reach excavators that can extend up to 192 ft.
LVI was involved in the recent demolition of the Stardust Hotel & Casino in Las Vegas, while Mazzocchi is currently working on demolition projects for utility Consolidated Edison and for Bellevue Hospital, both in New York.n another arena of industry consolidation, New York City-based LVI Services Inc., the nation's largest asbestos and lead abatement firm, announced June 18 that it has purchased Mazzocchi Wrecking Inc., East Hanover, N.J. Terms of the agreement were not disclosed.