OP-TECH is a provider of specialty environmental remediation and industrial services in the Northeast and Mid-Atlantic regions of the United States. The company is headquartered in Syracuse with additional branch offices located throughout New York State ((www.op-tech.us).
NRC, acquired by J.F. Lehman in March 2012, is a provider of United States Oil Pollution Act of 1990 regulatory compliance and emergency response services, and a provider of other diversified environmental, industrial, and emergency response services. The company has approximately 625 employees and is headquartered in Great River, NY with regional offices throughout the US and internationally (www.nrcc.com).
“NRC continues to execute its strategy of expanding its service offerings in environmental, industrial, and emergency response services both domestically and abroad,” said Alex Harman, Partner at J.F. Lehman. “OP-TECH demonstrates many of the qualities we seek in acquisition candidates and we are excited to have them as a part of NRC.”
J.F. Lehman & Company is a middle-market private equity firm focused primarily on the maritime, defense, and aerospace sectors. The firm was founded by Dr. John Lehman, who served six years as Secretary of the United States Navy. To date, J.F. Lehman has made investments in companies with an aggregate transaction value of approximately $1.6 billion. The firm was founded in 1992 and is headquartered in New York with additional offices in Washington, DC and London (www.jflpartners.com).
Senior debt financing for the acquisition of OP-TECH was arranged by BNP Paribas Securities as sole lead arranger.
© 2013 PEPD • Private Equity’s Leading News Magazine • 7-31-13