National Response Corporation, a portfolio company of J.F. Lehman & Company, has acquired Boom Technology, a provider of environmental response services.
Boom Technology (BTI) is a marine and land environmental contractor that serves government agencies, commercial facilities, and residential customers in Maine and New Hampshire. Areas of specialization include inland and offshore marine hazardous material and oil spills; soil contamination and remediation; commercial and private vehicle and vessel accidents; natural and environmental disasters; pipeline ruptures and industrial fires; oil spill containment, cleanup and boom maintenance; facility decontamination; marine equipment and cargo decontamination; and road accidents and railroad derailments.
Two examples of work completed by BTI include responding to the Deepwater Horizon oil spill in 2010 and oils spills caused by Hurricane Sandy in 2012. BTI was founded in 2001 by Jim Fox to provide maritime oil spill containment and remediation services. The company is based in Gorham, ME (www.boomtechnologyinc.com).
NRC is a provider of environmental, emergency response, and industrial services, including industrial cleaning and maintenance, HAZMAT emergency response, oil spill response and cleanup, industrial firefighting and rescue, waste management, site remediation, and abatement. NRC is the largest commercial oil spill response organization in the US and has operations worldwide. The company has approximately 1,000 employees and is headquartered on Long Island in Great River, NY with regional offices throughout the US and internationally (www.nrcc.com). NRC is led by Paul Taveira, its Chief Executive Officer.
“NRC has continued to expand its geographic presence and service offering in recent years and the addition of Boom-Tech strengthens our capabilities in the Northeastern US,” said Mr. Taveira. “We are very happy to welcome the Boom-Tech team and look forward to continuing to grow NRC’s business in this region.”
This is the seventh add-on acquisition completed by NRC since J. F. Lehman acquired the company in March 2012. “NRC has demonstrated strong growth by expanding its geographic footprint and depth of service offerings since our acquisition of the company in 2012. Boom-Tech is a continuation of this strategy and brings a strategic facility in Maine as well as new customer relationships to NRC’s portfolio,” said Alex Harman, a Partner at J.F. Lehman & Company.
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).
© 2016 Private Equity Professional • 11-11-16
