SEACOR Holdings announced today that it will be selling off a portion of its environmental business to J.F. Lehman & Company, a private equity firm focused on the defense, aerospace and maritime sectors.
The businesses included in the sale are the National Response Corporation (NRC), one of the largest providers of oil spill response services in the United States and its affiliated businesses, NRC Environmental Services and SEACOR Response, which are collectively referred to as NRC.
“This transaction will provide the best of both worlds for NRC’s clients and employees. We are excited to integrate all of our businesses in the U.S. and internationally under the well-recognized NRC brand and be partnering with JFLCO. JFLCO’s successful history of investing in the maritime market, strong financial standing, and desire to accelerate NRC’s growth is expected to result in expanded geographic coverage, new services, and additional resources for NRC’s clients. We look forward to maintaining our relationship with SEACOR, including priority access to its fleet of vessels and helicopters. NRC’s customers can expect the same quality service they have received for the past 20 years.”
NRC is recognized as a leading provider of United States Oil Pollution Act of 1990 regulatory compliance and emergency response services, one of the leading environmental contracting firms on the U.S. West Coast, and a global provider of diversified environmental, industrial, and emergency response solutions.
Not included in the sale is O’Brien’s Response Management Inc., a provider of crisis and emergency preparedness and response management services, which will continue to be a subsidiary of SEACOR.
Headquartered in Great River, NY with regional offices throughout the U.S. and internationally, NRC has approximately 540 employees. The sale is expected to close in approximately 30 days pending a number of customary closing conditions. The sale price has not been disclosed.