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Financial

Since its formation in 1969, the Irex organization has been one of the most successful specialty contracting companies in North America.

Over this period, Irex has grown significantly while it has achieved an average annual ROE (including all accounting changes and one-time expenses) exceeding 16%. This is a remarkable record in an industry known for its extreme competitiveness and rapid business cycles.

This success is a tribute to the diversification of Irex’s businesses and the many fine employees who have served Irex through the years.

 Financial Overview

  • Primary Banks: Fulton Bank, M&T Bank
  • Duns #04-751-2959 – D&B Rating: 4A2
  • External Auditors: Baker Tilly Virchow Krause, LLP
  • Bonds: Liberty Mutual Insurance Company
  • Casualty Insurance: AIG

Irex owns and provides support services to a group of specialty contracting companies that provide mechanical insulation, sheet metal lagging, architectural finishes, passive fire protection, energy audits, abatement and other specialty contracting services.

Irex and its subsidiaries employ over 1,450 men and women working out of 35+ office locations throughout the United States and Canada.