NRC Purchases North Pole’s Organic Incineration Technology
NRC Group Holdings Corp. has entered into a definitive asset purchase agreement with Alaska company Organic Incineration Technology, Inc. Based in North Pole, OIT provides thermal treatment options for the safe disposal of materials such as non-hazardous petroleum contaminated soils, absorbent pads and sludges, and the treatment of Per- and Polyfluoroalkyl substances. NRCG expects the transaction to close in the second quarter of 2019.
The acquisition of OIT will bring additional waste treatment and disposal capabilities to NRC Alaska’s business and operations across the state.
Founded in 1990, owner Mark Sanford has built OIT into a trusted service provider in the Fairbanks area. The OIT facility in Moose Creek, Alaska has extensive thermal treatment capabilities with the capacity to fully process all waste product on-site. In addition to waste treatment and disposal services, OIT offers transportation and other specialized environmental services.
NRCG is a global provider of comprehensive environmental, compliance and waste management services with a broad range of capabilities and global reach. Providing solutions for the critical, non-discretionary needs of more than 5,000 customers across diverse industries and end markets, NRCG ensures compliance with environmental, health and safety laws around the world.
NRCG, the product of the merger of companies National Response Corporation and Sprint Energy Services, was established in June 2018 and joined the New York Stock Exchange later the same year in October.
NRC’s Alaskan operations (NRC Alaska) focus on recycling and environmental services across the entire state. They offer a broad range of waste management services ranging from recycling glycol products by fractional distillation, used oil and petroleum by-products recycling/energy recovery, emergency spill response and clean-ups, and the transportation and disposal of both non-hazardous and hazardous waste for industrial, marine, automotive and government clients.
The agreement to join forces reflects OIT’s continued dedication to provide the highest quality thermal treatment services, and demonstrates NRC’s expanding capability and ability to offer global resources and expertise to the Alaskan market. The addition of OIT significantly increases NRC Alaska’s statewide footprint and expands its full line of compliance based waste treatment and environmental related services.
Become an Industry Sponsor
Blake Hillis, Senior Vice President of NRC Alaska stated, “The addition of OIT enhances our capabilities to provide our core suite of services to both our public and private sector clients, providing them with greater service coverage across their entire business. As a result, NRC Alaska now provides a broader suite of treatment, recycling, and disposal services than any other company in our market segments.”
Mark Sanford, OIT’s Manager of Thermal Remediation Services commented, “We are excited to join NRC Group which will allow us to grow our service offerings in the treatment and remediation of contaminated soil. We will continue to provide our long term established clients with cost‐effective solutions for their soil treatment needs while being part of NRC’s strong national team.”
In This Issue
Meeting in the Middle
In January, when the Biden administration announced its ban on the future sale of oil and gas leases on federal land, the news understandably ruffled the collective feathers of Alaska’s oil and gas industry.