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Company News...
NRC ENVIRONMENTAL SERVICES ANNOUNCES
THE ACQUISITION
OF A/C INDUSTRIAL SERVICES CORPORATION
PRESS RELEASE
CHICO, CALIFORNIA
October 1, 2007
FOR
IMMEDIATE RELEASE—NRC Environmental Services, Inc. (NRCES)
announced today the acquisition of A/C Industrial Services Corporation
(A/C), a privately held fully integrated environmental management and
engineering firm, serving public and private organizations on the US
West Coast for over 20 years.
The
A/C acquisition greatly complements NRCES’ existing Northern California operations. In addition to
over ten new highly skilled employees, A/C also brings asbestos
abatement to NRCES’ arsenal of services. Strategically located in
Chico, California,
A/C is well positioned to provide rapid and efficient services
throughout Northern, Central, and Eastern
California. By combining the existing strengths of A/C
with the talent and resource depth of NRCES, the company expects rapid
growth and service expansion in Northern
California.
“This
move comes at an important time,” said Todd Roloff, NRCES Vice
President. "Many NRCES customers have been requesting that we
augment our presence in the geographic area currently serviced by A/C.
With this acquisition, NRCES will both meet the needs of existing
customers as well as provide additional services to those that need
them in the northern California
region. ”
NRCES
also looks forward to being part of the Butte
County community with its
operation of the Butte
County household
hazardous waste collection facility. NRCES will continue its commitment
to responsible business practices at this facility and with its overall
operations.
NRCES
is part of the SEACOR Environmental Services group of companies, a
wholly owned subsidiary of SEACOR Holdings Inc. (NYSE: CKH). NRCES is
the West Coast leader in providing land and marine emergency response
as well as environmental remediation and industrial services. NRCES has
numerous West Coast offices including Seattle
and Spokane, WA; Portland,
OR; and Chico,
Eureka, Alameda, Long
Beach and San
Diego, CA.
For more information about NRCES’ services visit www.nrces.com.
A/C is a dynamic, client-oriented
firm that offers environmental engineering and hazardous waste
management services throughout the western United States. As a
multi-disciplinary environmental company, A/C solves environmentally
related problems ranging from complex sub-surface soil and groundwater
contamination issues to the management and treatment of hazardous
materials.
For additional
information, please contact:
Steve
Candito, President NRCES (631) 224-9141 Ext 110 or
Todd Roloff, Vice President (510)
749-1390 Ext 4121.
This release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. Such statements include, but are not limited to,
comments about the benefits of the contemplated transaction and the
parties’ plans, objectives, expectations, intentions and other
statements that are not historical facts. Such statements are based on
the current beliefs of the parties’ respective managements and
are subject to significant risks and uncertainties. The following
factors, among others, could affect the transaction and the anticipated
results: the receipt of requisite documentation, consents and approvals
and the parties’ ability to achieve expected synergies in the
transaction.
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