Snoqualmie, Wash. -based demolition contractor Nuprecon has announced that it has received an investment from Evergreen Pacific Partners (EPP).
Nuprecon’s founder, John Hennessy, will remain CEO and continue to own a significant portion of the company while Nuprecon will leverage financial and management resources from EPP to expand its services throughout the Pacific Northwest and the rest of the country, according to a press release from Nuprecon.
Founded in 1986 as a demolition specialist, Nuprecon has added a number of other specialty services. In addition to its core demolition services, the company offers concrete sawing and drilling (Nutech Concrete & Sawing), abatement services (Environmental Waste Resources) and recycling services (ReNu Recycling Services).
Nuprecon has also expanded geographically. It now has more than 500 employees in Washington, Oregon and Hawaii and is licensed in a total of 13 states. Some of its projects include:
- Seattle area: McCaw Hall, University of Washington Hec Edmundson Pavilion, SeaTac’s South Terminal Extension Project (STEP) and the Nordstrom’s/Fredrick & Nelson building;
- Portland area: the Portland International Airport, downtown Meier & Frank building and Portland City Hall; and
- Honolulu area: the Waikiki Beach Walk and Royal Hawaiian Shopping Center.
According to the press release, this is the fourth acquisition from EPP’s private equity fund, and the second in the Pacific Northwest. The company focuses on traditional buyouts, management led buyouts and growth equity investments in middle market companies operating in traditional industries.