Riverside Buys ITEL Labs
July 4, 2008
Over the years, ITEL has processed almost 2 million samples and has developed into a brand that is recognized by the industry as the standard.
Since that time, the company has expanded into testing other products such as stone surfaces, vinyl, laminate and wood flooring, as well as siding, with plans to further expand into additional testing services. The majority of ITEL’s business today is derived from standard property insurance claims, such as damaged water pipes, weather conditions or household fires.
“ITEL is an industry leader in a narrow niche market, which appeals to Riverside,” said Suzanne Kriscunas, Riverside Managing Partner. “The management team has steered ITEL’s growth and increased awareness of its brand through establishing relationships with insurance carriers and providing attractive benefits such as using proven methods to determine the science of fair settlement so policy holders receive accurate payments for like-kind and quality replacements.
