Nuprecon, the largest demolition contractor in the Northwest, and the eighth largest in the United States, today announced it has received an investment from Evergreen Pacific Partners (EPP). Nuprecon's founder, John Hennessy, will remain CEO and continue to own a significant portion of the company. Nuprecon will leverage financial and management resources from EPP to expand its services throughout the Pacific Northwest and the rest of the country.

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, University of Washington Hec Edmundson 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;

-- Other areas: the Pentagon in Virginia, Pasadena City Hall in California and the Johnston Atoll 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."

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