The consolidation trend has hit the demolition and remediation construction sector in a big way, with major players LVI Services Inc., New York City, and NCM Group Holdings Inc., Brea, Calif., announcing on April 24 an agreement to merge.
The new combined firm, to be called NorthStar Group Holdings LLC, will have annual revenue of about $600 million and an average employment of about 5,000 in 50 U.S. offices, the firms say.