National Response Corporation Acquires Emerald Alaska
National Response Corporation (NRC), a portfolio company of J.F. Lehman & Company, announced today the completion of the acquisition of Emerald Alaska, LLC from Emerald Services, Inc.
NRC is a commercial provider of United States Oil Pollution Act of 1990 regulatory compliance services as well as a global provider of specialized environmental and emergency response solutions. Headquartered in Great River, N.Y., with regional offices throughout the U.S. and internationally, NRC has more than 1,000 employees globally.
Emerald Alaska is a provider of environmental and emergency response solutions to the oil and gas industry in the state of Alaska. Headquartered in Anchorage, Alaska with seven permitted facilities strategically located throughout the state, Emerald Alaska has more than 100 employees.
Steve Candito, CEO of NRC, commented, "NRC has continued to expand its geographic presence in recent years and the addition of Emerald Alaska adds a strategic region to our domestic footprint."
"NRC has continued to demonstrate strong growth by expanding its geographic footprint and depth of service offerings since our acquisition in 2012. Emerald Alaska is a continuation of this strategy as it brings strategic facilities throughout Alaska as well as adds new services to NRC’s portfolio," said Alex Harman, Partner at J.F. Lehman & Company.
Senior debt financing for the acquisition was arranged by BNP Paribas Securities Corp. (as sole lead arranger) and Jones Day LLP provided legal counsel to NRC.
