Nuprecon Prepares for Growth & Expansion After Investment by Local Private Equity Fund; Largest Demolition and Abatement Contractor in Northwest Will Capitalize on Growing Commercial Construction & Remediation Market.SEATTLE -- Nuprecon, the largest demolition contractor in the Northwest, and the eighth largest in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , today announced it has received an investment from Evergreen Pacific Partners (EPP (1) (Enhanced Parallel Port) See IEEE 1284. (2) (Ethernet Packet Processor) A chip from Kalpana, Inc., Santa Clara, CA that doubles speed of Ethernet transmission to 20Mbits/sec. In 1994, Kalpana was acquired by Cisco. ). Nuprecon's founder, John Hennessy There have been several people named John Hennessy, including:
Founded in 1986 as a demolition specialist, Nuprecon has added a number of other specialty services over the years designed to streamline the process of demolition and construction. In addition to its core demolition services, Nuprecon offers concrete sawing and drilling services (Nutech Concrete & Sawing), abatement services (Environmental Waste Resources) and recycling services (ReNu Recycling Services). In addition, the company has a Special Works Action Team (SWAT) focused on modest commercial demolition projects and tenant improvement work in Washington state. While Nuprecon has expanded its services over the years, it also has expanded geographically. It now has more than 500 employees in Washington, Oregon and Hawaii and is licensed in a total of 13 states. Among the high-profile work it has done are several landmarks across the country and around the world. --Seattle area: McCaw Hall The Marion Oliver McCaw Hall is a performance hall and opera house located in Seattle, Washington. Inaugurated in June 2003, it was constructed within the basic steel support structure of the earlier Seattle Opera House, originally created for the Worlds Fair in 1962 and gutted , University of Washington Hec Edmundson Clarence S. "Hec" Edmundson (August 3, 1886 – August 6, 1964) was a college basketball head coach. A native of Moscow, Idaho, and a 1910 graduate of the University of Idaho, Edmundson coached at his alma mater (1916-18) and the University of Washington (1920-47), compiling a Pavilion, SeaTac's South Terminal Extension Project (STEP) and the Nordstrom's/Fredrick & Nelson building; --Portland area: the Portland International Airport
, downtown Meier & Frank building and Portland City Hall; --Honolulu area: the Waikiki Beach Walk and Royal Hawaiian Shopping Center shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into ; --Other areas: the Pentagon in Virginia, Pasadena City Hall Pasadena City Hall, completed in 1927, is a significant example of the City Beautiful movement of the 1920's. History In 1923, the people of Pasadena approved a bond measure issuing $3.5 million towards the development of a civic center. in California and the Johnston Atoll Johnston Atoll, atoll, 2.8 sq mi (7.25 sq km), central Pacific, c.700 nautical mi (1,300 km) SW of Honolulu, central Pacific, an uninc. territory of the United States. It consists of four islands and reefs. The largest island, Johnston Island, c. abatement project in the South Pacific The company has been recognized for its quality of work on numerous occasions, with the pinnacle being the Eagle of Excellence Award from the Associated Builders and Contractors in 2005. "Our 20-year history has been marked by two characteristics," said John Hennessy. "Providing world-class service to our customers and the continual addition of services and specialties to make the demolition and construction process highly efficient, cost effective and extremely environmentally sound. EPP will enhance both of these by providing us the financial and business resources we need to continue to grow." No management or operational changes are expected to be made as a result of the investment. Rather, the company will focus on identifying regional markets for growth and expansion as well as the development of additional demolition and construction services to further cement Nuprecon's position as the "one-stop-shop" for the construction industry. "As I looked at how best to achieve my long term vision for the company it became clear that we would need additional capital to fully maximize the market opportunity more quickly," said Hennessy. "EPP brings not only capital to the table, but deep experience in all aspects of finance and strategic growth. Together, we can make Nuprecon the leading nationwide full service demolition contractor." This is the fourth acquisition from EPP's private equity fund, and second in the Pacific Northwest. The company focuses on traditional buyouts, management led buyouts and growth equity investments in middle market companies operating in traditional industries. About Nuprecon, Inc. Founded in 1986 by John Hennessy as a demolition specialist, Nuprecon (www.nuprecon.com) today is the largest demolition contractor in the Pacific Northwest and the eight largest in the United States. In addition to demolition services, the company offers a full suite of remediation and recovery services, including: concrete sawing drilling (Nutech Concrete & Sawing), abatement services (Environmental Waste Resources) and recycling services (ReNu Recycling Services). The company is headquartered in Snoqualmie, Wash., with offices in Portland, Ore. and Honolulu and employs more than 500 highly-trained professionals. About Evergreen Pacific Partners Evergreen Pacific Partners (www.eppcapital.com) is a $275 million private equity fund based in the Pacific Northwest investing in private, traditional, middle-market companies in Western North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . EPP was co-founded by Timothy Bernardez, T. J. McGill, and Michael Nibarger. EPP's acquisitions include Western Broadband Western Broadband is an American company providing cable television, HDTV, and broadband services to customers in the Arizona communities of Saddlebrooke, Sun Lakes/Sun Bird, and Robson Ranch.[1] References 1. (Phoenix, Ariz.), Finest City Broadcasting (San Diego, Calif.), Gene Juarez Salons & Spas (Seattle, Wash.) and Nuprecon (Snoqualmie, Wash.). |
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