J.F. Lehman to sell NRC Group to Hennessy SPAC

Hennessy Capital Acquisition Corp III has agreed to buy NRC Group Holdings from J.F. Lehman & Co. Financial terms weren’t announce. The deal is expected to introduce NRC as a publicly traded company with an anticipated initial enterprise value of approximately $748 million. NRC, of Great River, New York, provides environmental, compliance and waste management services to the marine and rail transportation, general industrial and energy markets. Hennessy Capital Acquisition Corp III is a blank check company founded by Daniel J. Hennessy.

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