National Response Corporation (NRC), a portfolio company of J.F. Lehman & Company, has acquired SWS Environmental Services from ShoreView Industries.
SWS is a provider of environmental, industrial and emergency response services. The company has more than 20 locations in 17 states throughout the Southeast, Gulf Coast and Midwest and is headquartered in Panama City Beach, FL (www.swses.com). ShoreView acquired SWS in December 2007.
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 1,400 employees and is headquartered on Long Island in Great River, NY with regional offices throughout the US and internationally (www.nrcc.com).
“SWS is highly complementary to our existing US footprint with virtually no overlap,” said Paul Taveira, CEO of NRC. “It strengthens our national capabilities and our geographic reach, enhancing our ability to provide a full suite of specialized services to our national and regional customers.”
“Since our acquisition of NRC in 2012, NRC has demonstrated strong growth by expanding its specialized service offering and geographic footprint. SWS is NRC’s tenth add-on acquisition and represents another successful step in executing this element of NRC’s strategy,” 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 in 1992 by Dr. John Lehman, who served six years as Secretary of the United States Navy. To date, J.F. Lehman has acquired 63 operating entities within 25 platform investments with an aggregate transaction value of approximately $3.1 billion. The firm is headquartered in New York with an additional office in Washington, DC (www.jflpartners.com).
© 2018 Private Equity Professional | May 21, 2018