J.F. Lehman to Acquire NRC from Seacor

press release
Thursday, February 09, 2012
John F. Lehman, Chairman, Founding Partner

J.F. Lehman & Company Announces Definitive Agreement to Acquire National Response Corporation from SEACOR Holdings, Inc.

 

J.F. Lehman & Company, a middle-market private equity firm focused on the maritime, defense and aerospace sectors, announced today that it has signed a definitive agreement to acquire National Response Corporation and its affiliated businesses NRC Environmental Services and SEACOR Response (collectively "NRC") from SEACOR Holdings Inc. (NYSE:CKH). NRC is a provider of United States Oil Pollution Act of 1990 regulatory compliance and emergency response services, one of the leading environmental contracting firms on the U.S. West Coast, and a global provider of diversified environmental, industrial, and emergency response solutions.  Headquartered in Great River, NY with regional offices throughout the U.S. and internationally, NRC has approximately 540 employees.

 

Steve Candito, who will be CEO of the independent company after closing, commented:  "This transaction will provide the best of both worlds for NRC's clients and employees.  We are excited to integrate all of our businesses in the U.S. and internationally under the well-recognized NRC brand and be partnering with JFLCO.  JFLCO's successful history of investing in the maritime market, strong financial standing, and desire to accelerate NRC's growth is expected to result in expanded geographic coverage, new services, and additional resources for NRC's clients.  We look forward to maintaining our relationship with SEACOR, including priority access to its fleet of vessels and helicopters.  NRC's customers can expect the same quality service they have received for the past 20 years."

 

"We are very pleased that NRC will be joining the J.F. Lehman & Company portfolio," said Alex Harman, Partner. "NRC has many of the characteristics we seek in acquisition candidates – a leading market position, a loyal and diversified global customer base, and a strong track record of performance. We plan to pursue new opportunities for growth to leverage the long-established NRC brand and the company's unique regulatory compliance and emergency response capabilities." The transaction is expected to close in approximately 30 days, conditional upon a number of customary closing conditions.

Maritime Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

2 Americans Rescued North of Cuba

A Coast Guard MH-60 helicopter crew rescued two American sailors whose vessel ran aground approximately 25 miles north of Gibara, Cuba, Friday. Watchstanders

Shell CEO Backs Fossil Fuels, Climate Change Warnings

The world's fossil fuel reserves cannot be burned unless some way is found to capture their carbon emissions, Royal Dutch Shell Plc Chief Executive Officer Ben van Beurden said on Friday.

Severe Flooding Cuts Off Lone Road to Alaska's Oilfield

Alaska's lone road to North Slope oil field operations remains closed for the third time in two months while emergency crews continue to redirect flooding from an adjacent river,

Contracts

Mayor Garcetti on Ratification of Port Labor Contract

International Longshore and Warehouse Union members have ratified a five-year contract governing pay and work rules at 29 West Coast ports, including those of Los Angeles and Long Beach.

Fincantieri Invests In Camper & Nicholsons

Fincantieri has signed an agreement for the acquisition of a minority stake via capital injection in Camper & Nicholsons International (Camper & Nicholsons), the

Egypt's $3 Bln LNG tender in June

Egypt is reportedly to issue a tender in early June to buy up to $3 billion of liquefied natural gas over 2016 and 2017, Reuters reports.   The country recently

Finance

Fincantieri Invests In Camper & Nicholsons

Fincantieri has signed an agreement for the acquisition of a minority stake via capital injection in Camper & Nicholsons International (Camper & Nicholsons), the

Tsakos Energy Navigation Reports 156% Increase in Q1 Profits

Greece-based Tsakos Energy Navigation Ltd (TEN) has reported first-quarter profit of $37.3 million from $14.6 million in Q1 2014 - a 156% Increase. On a per-share basis it has profit of 42 cents.

Egypt's $3 Bln LNG tender in June

Egypt is reportedly to issue a tender in early June to buy up to $3 billion of liquefied natural gas over 2016 and 2017, Reuters reports.   The country recently

Environmental

Shell CEO Backs Fossil Fuels, Climate Change Warnings

The world's fossil fuel reserves cannot be burned unless some way is found to capture their carbon emissions, Royal Dutch Shell Plc Chief Executive Officer Ben van Beurden said on Friday.

Severe Flooding Cuts Off Lone Road to Alaska's Oilfield

Alaska's lone road to North Slope oil field operations remains closed for the third time in two months while emergency crews continue to redirect flooding from an adjacent river,

Pipeline Spill Could Hamper California Oil Projects

Hundreds of barrels of oil that gushed from a ruptured coastal pipeline in scenic California this week could stiffen opposition to large oil projects that companies want to build in the state,

Mergers & Acquisitions

Fincantieri Invests In Camper & Nicholsons

Fincantieri has signed an agreement for the acquisition of a minority stake via capital injection in Camper & Nicholsons International (Camper & Nicholsons), the

Ferry Firm DFDS Looks to Expand

Danish ferry and transportation firm DFDS is on the takeover trail, its chief executive said, after reporting its highest first-quarter operating profit on record

HSH Bank to Split Off Bad Shipping Loans

German lender HSH Nordbank could split off a "bad bank" for non-performing shipping loans as part of a plan to create a sustainable business model, according to a person familiar with the matter.

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Pipelines Pod Propulsion Salvage Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2745 sec (4 req/sec)