Nuprecon & CST Environmental Join to Form Nation's Second Largest Demolition Company

Combination offers customers a single entity with a full
complement of site preparation services including demolition,
abatement and remediation
SEATTLE & BREA, Calif.--(Business Wire)--
Two of the nation's largest demolition contractors, Snoqualmie,
Wash.-based Nuprecon and Brea, Calif.-based CST Environmental, have
joined forces to form the nation's second largest full-service
demolition company. The transaction was facilitated through Nuprecon's
majority owner, Seattle-based Evergreen Pacific Partners, a $275
million private equity fund based in the Pacific Northwest investing
in private, traditional industry, middle-market companies in Western
North America. The combined Nuprecon/CST entity has over 1,000
employees and a strong national presence. John Hennessy and Sage
Khara, the founders of Nuprecon and CST, respectively, both remain
significant owners of the combined companies and will serve as
President of each respective organization.

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 full site preparation and construction. In
addition to its core demolition services, Nuprecon offers concrete
sawing and drilling services, abatement and remediation as well as C&D
material recycling solutions (ReNu Recycling Services).

Founded in 1988, CST Environmental has completed several thousand
demolition and environmental remediation projects and has extensive
experience ranging from large industrial facilities, steel plants,
refineries, and power plants to multi-floor commercial buildings,
shopping centers and military bases. With offices in California,
Florida, Louisiana, North Carolina and Texas, CST complements
Nuprecon's market dominance in the Pacific Northwest and Hawaii.

"Nuprecon and CST have core strengths and individual advantages
that, put together, make both companies stronger," said John Hennessy,
Nuprecon's President. "This merger will allow us to provide more and
better solutions to our customers and to accelerate the growth of both
companies."

Nuprecon focuses on very technical demolition jobs such as
Nordstrom headquarters in Seattle, the Pentagon and the Los Angeles
International Airport terminal. CST focuses on total building removal.
This complementary scope focus creates a single entity with a diverse
range of turnkey services, as well as strong insurance and bonding
capabilities with a national footprint.

"In this business, scale is critical to successful execution of
projects as well as growth," said Sage Khara. "By combining the two
companies, as well as with the access to capital from Evergreen
Pacific Partners, we are well positioned to continue to provide the
highest quality results, as well as grow the business."

The senior management teams from both companies remain in place
and continue to own significant percentages of the company. John
Hennessy will serve as President of Nuprecon and Sage Khara will serve
as President of CST. The combined companies will focus on delivering a
superior outcome to existing customers as well as expanding their
customer base across the country.

This is the sixth transaction from Evergreen Pacific Partners
private equity fund. In addition to equity from Evergreen Pacific,
debt financing was led by Banc of America Capital Solutions,
Prudential Capital Group and Prudential Capital Partners. Houlihan
Lokey, an international investment bank, provided advisory services.

About Nuprecon/CST

The combined entities are the second largest full-service
demolition contractor in the United States. In addition to demolition
services, the company offers a complete range of turnkey remediation
and recovery services, including: concrete sawing, drilling, abatement
services, C&D material recycling services and site preparation. The
company has headquarter offices in Washington and California and
regional offices in Hawaii, Oregon, Florida, Louisiana, North Carolina
and Texas, employing more than 1,000 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. Evergreen Pacific was co-founded by Timothy Bernardez, T. J.
McGill, and Michael Nibarger. Evergreen Pacific's acquisitions and
investments include Western Broadband (Phoenix, Ariz.), Finest City
Broadcasting (San Diego, Calif.), Gene Juarez Salons & Spas (Seattle,
Wash.), Haney Truck Line (Yakima, Wash.), Nuprecon (Snoqualmie, Wash.)
and CST Environmental (Brea, Calif.).

Media Contact:
Scoville Public Relations
John Williams, 206-625-0075
jwilliams@scovillepr.com

Copyright Business Wire 2008