LVI/NCM merger to birth a giant
22 April 2014
According to reports in the USA, in the near future a formal announcement will be made concerning the merging of LVI Services and NCM, with the resulting combined entity going by the name of Northstar Demolition & Remediation. LVI has been top of the D&Ri 100 listing for the last few years and last year saw NCM standing in second position.
The combined companies operating under the Northstar name will therefore likely have a turnover well in excess of US$400 million (€290 million), making it the largest demolition contractor in the world by a considerable margin. The company that came third in last year’s listing, Brandenburg Industrial Services, had a turnover of US$180 million (€130 million).
NCM is itself the result of a merger of three US demolition contractors, Nuprecon, CST Environmental and MARCOR Environmental, which took place in 2011.
US demolition industry insider Herb Duane reported that Northstar will be headed by LVI CEO Scott E. State and will make use of a divisional structure, with Sage Khara from NCM as president and COO of the non-union division and LVI’s John Leonard as president and CFO of the union division. In addition, other presidents will be appointed to tiered operational divisions, such as Industrial Services, Nuclear, Energy and so forth.
