NRC Acquires Specialized Response Solutions
National Response Corporation (NRC), a portfolio company of J.F. Lehman & Company, announced today the completion of the acquisition of Specialized Response Solutions (SRS).
NRC is a commercial provider of United States Oil Pollution Act of 1990 regulatory compliance and emergency response services as well as a global provider of diversified environmental, industrial and emergency response solutions. Headquartered in Great River, N.Y., with regional offices throughout the U.S. and internationally, NRC has approximately 910 employees.
SRS is a provider of emergency response, firefighting, specialized equipment fabrication, training and other specialized response services primarily for the rail and industrial chemicals industries. The Company is headquartered in Fort Worth, Texas and will continue to provide high quality services and support to its customers with the added resources of NRC. SRS will operate under NRC's Environmental Services – West division.
Robert Breed, President of SRS, stated, "The combination SRS and NRC is beneficial to both our employees and the customers we have serviced over the years. The combined resources of SRS and NRC will create opportunities for future growth in our relationships with our valued clients and our staff. We are very proud to be a part of such a great organization and look forward to adding our unique and specialized services to such a well-established, growing company."
Steve Candito, CEO of NRC, commented, "SRS is a great fit with NRC's strategy's to expand our environmental services offerings in the high hazard and rail industries. We look forward to working with SRS to expand our presence and capabilities in the Texas market to better serve our new and existing customer base as well as helping SRS grow its national response platform and capabilities."
NRC was acquired in March 2012 by investment affiliates of J.F. Lehman & Company, a leading middle-market private equity firm focused on the defense, aerospace and maritime sectors.