Merger makes NorthStar one of the largest demolition and remediation companies in the U.S.
LVI Services Inc., New York, and NCM Group Holdings LLC, Brea, Calif., two national demolition and remediation services companies, announced they have agreed to merge, forming NorthStar Group Holdings LLC. 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, the companies say.
Leading the newly formed company will be CEO Scott E. State, currently president and CEO of LVI, and President Subhas “Sage” Khara, currently president and 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,” says 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.”
The companies say an exceptional safety record will be primary to NorthStar’s mission and the company’s comprehensive insurance program also will provide a large breadth of coverage for both owners and general contractors. LVI offers expertise in three primary service line offerings: environmental remediation, deconstruction and decommissioning and emergency response, and is particularly known for its rapid deployment capabilities, according to the company. 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, they say.
“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,” says Khara. “The synergies will allow us to serve our clients with a broader set of service offerings.”