|By Business Wire||
|April 24, 2014 12:36 PM EDT||
LVI Services Inc. (LVI) and NCM Group Holdings, LLC (NCM), the two leading providers of demolition and remediation services in the country, announced today they have agreed to merge, forming NorthStar Group Holdings, LLC (NorthStar). With combined annual gross revenues approaching $600 million and nearly 50 offices nationwide, NorthStar will be the foremost provider of environmental remediation, deconstruction and demolition, nuclear decommissioning, emergency response and asset recovery management.
LVI and NCM are both led by highly experienced management teams with a mutual vision for the future of the combined company. Leading the newly formed company will be CEO Scott E. State, P.E. currently President & CEO of LVI, and President Subhas “Sage” Khara, currently President & CEO of NCM. Khara and LVI COO John Leonard will manage the day-to-day operations of the NorthStar organization.
“Both LVI and NCM have earned the confidence of their clients by not only meeting objectives, but exceeding expectations with respect to their diverse and considerable specialty project experiences,” said LVI President & CEO, and NorthStar CEO Scott E. State. “By combining the two organizations, the customers of NorthStar will benefit from a unique blend of professional expertise, specialized resources and broad geographic readiness at a previously unequalled scale in the facility contracting sector.”
NorthStar’s exceptional safety record will remain primary to the company’s mission and the company’s comprehensive insurance program will also provide a large breadth of coverage for both owners and general contractors. LVI has a history of industry-leading expertise in its three primary service line offerings: environmental remediation, deconstruction and decommissioning and emergency response, and is particularly known for its rapid deployment capabilities. NCM has become a national one-stop provider of demolition, dismantling, asset and scrap recovery, remediation (asbestos, lead, mold and soil) and disaster response. The two companies have decades of experience with Fortune 500 companies and public sector clients at the local, state and federal levels.
“Our decision to merge the country’s two most accomplished deconstruction and environmental remediation companies is intended to leverage the best, complementary resources of both to meet the most demanding, complex projects for industrial, commercial and government clients,” according to Sage Khara, NorthStar President. “The synergies will allow us to serve our clients with a broader set of service offerings.”
About LVI Services Inc.
Founded in 1986, LVI Services’ mission is to provide the most cost-effective, schedule-efficient, high-quality environmental remediation and emergency response services available nationwide and to exceed client expectations. With turnkey offerings from lead paint and asbestos abatement to complete demolition, LVI has worked with some of the largest companies in the country on their facility service needs. LVI is also able to be on site quickly after disaster strikes with personnel and equipment to get its clients’ businesses back online as rapidly and with as little business interruption as possible. The company is headquartered in New York City.
About NCM Group Holdings, LLC
With decades of project experience, NCM Group Holdings, LLC was formed when management and Evergreen Pacific Partners acquired and integrated Nuprecon, CST Environmental and MARCOR. In addition to plant decommissioning and demolition services, the company offers a complete range of turnkey remediation and recovery services including: concrete sawing, drilling, abatement services, C&D material recycling services and site preparation.
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