National Response Corp. has announced the completion of a deal which sees UK-based Sureclean Ltd. become part of the NRC group of companies.
Headquartered in Great River, N.Y., with regional offices throughout the United States and internationally, the provider of diversified environmental, industrial, and emergency response solutions has approximately 800 employees.
Operating both in the UK and internationally, Sureclean is a provider of specialty industrial and environmental solutions to the oil and gas, petrochemical, renewables, utilities, civil engineering and construction sectors. The company is headquartered in Alness, Scotland, with additional offices in the Aberdeen area and employs a permanent staff of 135.
“NRC has experienced significant growth in its international business in recent years and the addition of Sureclean to the group further strengthens and broadens our service offerings,” says NRC CEO Steve Candito, in an NRC news release. “We believe the combination of NRC’s global footprint and Sureclean’s quality personnel, cutting edge technology and proven track record makes for a strong strategic fit. We are very happy to welcome the Sureclean team in to the fold and look forward to further growth in NRC’s international activities.”
"We are excited about moving forward as part of the NRC group,” adds John Barron, Sureclean’s managing director. “Sureclean has developed a great reputation as a provider of superior, solution-driven services through the hard work and dedication of our staff, and we believe the global strength and financial resources of NRC will allow us to continue with our international expansion and add new services while ensuring the continuation of high quality services to our customers wherever we operate.”
NRC was acquired in March 2012 by investment affiliates of J.F. Lehman and Co., a middle-market private equity firm focused on the defense, aerospace, and maritime sectors. "Since the acquisition in 2012, NRC has demonstrated strong growth and we are delighted to be able to announce the addition of Sureclean to the group, bringing with it expansion into new geographies and a range of new, complimentary service capabilities,” said Alex Harman, partner.
Senior debt financing for the acquisition was arranged by BNP Paribas Securities Corp. (as sole lead arranger). Ernst and Young LLP served as financial advisor to NRC and Jones Day LLP provided legal counsel to NRC.
