LVI Services, NCM Group Holdings Merge
LVI Services Inc. and NCM Group Holdings LLC, the two leading providers of demolition and remediation services in the country, have agreed to merge, forming NorthStar Group Holdings LLC.
With combined annual gross revenues approaching $600 million and nearly 50 offices nationwide, NorthStar will become the country’s largest provider of services for environmental remediation, deconstruction and demolition, nuclear decommissioning, emergency response and asset recovery management.
Leading the newly formed company will be CEO Scott E. State, currently president/CEO of LVI, and president Subhas “Sage” Khara, currently president/CEO of NCM. Khara and LVI COO John Leonard will manage the day-to-day operations at NorthStar.
“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,” said 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.”
Company leaders say safety will remain primary to NorthStar’s mission, and the company’s comprehensive insurance program will also provide a large breadth of coverage for both owners and general contractors. LVI has expertise in three primary service-line offerings: environmental remediation, deconstruction and decommissioning and emergency response, and is particularly known for its rapid deployment capabilities.
NCM has become a 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.
“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,” Khara said. “The synergies will allow us to serve our clients with a broader set of service offerings.”