NorthStar Acquires Heneghan Wrecking and Patrick’s Equipment Leasing

NorthStar Group Services, a portfolio company of investment affiliates of J.F. Lehman & Company, completed the acquisition of Heneghan Wrecking & Excavating and Patrick’s Equipment Leasing.

Headquartered in Chicago, Heneghan is a provider of complete structural and interior deconstruction, excavation and emergency response services for commercial and industrial clients across the Midwest.

Heneghan represents the first add-on acquisition completed by NorthStar under J.F. Lehman & Company’s sponsorship. Patrick Heneghan, former president of the Heneghan Wrecking & Excavating and Patrick’s Equipment Leasing, will remain with NorthStar and lead the combined Chicago and Midwest operations.

NorthStar is a provider of technical infrastructure and environmental services. NorthStar’s complementary service lines include commercial and industrial deconstruction, nuclear deconstruction and decommissioning, environmental services, and response and restoration.

“Our partnership with Heneghan will further strengthen and broaden both organizations’ market presence and penetration, customer relationships and service capabilities,” Scott State, CEO of NorthStar, said. “We look forward to working with Patrick and his team to build upon Heneghan’s sterling reputation and drive continued growth at NorthStar.”

“The Heneghan acquisition unlocks a key market in Chicago and customer base that NorthStar has historically had limited access to,” Alex Harman, chairman of NorthStar and partner at J.F. Lehman & Company, said.

“We are excited to welcome Heneghan and its strong Midwest presence, as well as its complimentary service offerings and capabilities, to the NorthStar platform,” Glenn Shor, director of NorthStar and partner at J.F. Lehman & Company, said.

Jones Day served as legal advisor to NorthStar and J.F. Lehman & Company. Chartwell Financial Advisory served as financial advisor to Heneghan. Katten Muchin Rosenman was Heneghan’s legal representative.

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