Houlihan Lokey Advises NRC Group Holdings

Houlihan Lokey is pleased to announce that NRC Group Holdings, LLC (NRC Group), a portfolio company of J.F. Lehman & Company (JFLCO), formed earlier this year through the combination of National Response Corporation and Sprint Energy Services, has been acquired by Hennessy Capital Acquisition Corp. III. The transaction closed on October 17, 2018.

NRC Group is a global provider of comprehensive environmental, compliance, and waste management services. The company's broad range of capabilities enables it to provide a global reach to meet the critical, non-discretionary needs of its more than 5,000 customers across diverse industries and end markets to ensure compliance with environmental, health, and safety laws around the world.

JFLCO, a private equity firm founded in 1992, focuses exclusively on investing in companies in the aerospace, defense, maritime, government, and environmental industries, and companies using the technical capabilities that originate from these sectors. To date, the firm has acquired approximately 60 operating entities within 24 platform investments with an aggregate transaction value of approximately $3.1 billion.

Hennessy Capital Acquisition Corp. III, is a special purpose acquisition company which raised $257 million in its IPO in June 2017 and is listed on the New York Stock Exchange.

Houlihan Lokey served as financial advisor to JFLCO.