Chartwell Advises Heneghan Wrecking & Excavating Co. on Sale to NorthStar Group Services

Chartwell is pleased to announce the sale of Heneghan Wrecking & Excavating Co., Inc. and Patrick’s Equipment Leasing (collectively “Heneghan” or the “Company”) to NorthStar Group Services (“NorthStar”), a portfolio company of J.F. Lehman & Company.  Chartwell acted as Heneghan’s exclusive M&A advisor throughout the transaction, providing comprehensive, unbiased counsel to the shareholders on the sale of the Company.

Headquartered in Chicago, Illinois, Heneghan is a leading provider of complete structural and interior demolition, excavation, and emergency response services for commercial and industrial clients across the Midwest.  Since 1973, Heneghan has established an extensive track record and unparalleled reputation as the preeminent demolition provider in the Midwest.  Heneghan employs a highly experienced staff of estimators, project managers, operators, and laborers with numerous high-profile, highly technical projects successfully completed with an exemplary safety record.

Chartwell Value Add

We chose Chartwell as our financial advisor due to their industry experience, reputation, and transaction expertise.  Chartwell was instrumental throughout each step of the M&A process, providing in-depth analysis and unbiased guidance.  They took the lead in soliciting and evaluating offers while educating us on our options with numerous strategic and private equity investors.  We trusted Chartwell to guide us through a very meaningful transaction with our family-owned business and truly believe we achieved an optimal outcome for our family and our employees.  We are extremely excited for our partnership with NorthStar and see many new opportunities to come.” — Patrick Heneghan, President, Heneghan Wrecking & Excavating Co., Inc.

About NorthStar Group Services

NorthStar is the leading provider of highly technical infrastructure and environmental services with unrivalled credentials executing highly complex projects across its core endmarkets.  NorthStar’s complementary service lines include commercial and industrial deconstruction, nuclear deconstruction and decommissioning, environmental services, and response and restoration.  NorthStar is headquartered in New York, New York with a broad branch network across the United States.  For more information, please visit www.northstar.com.

About Chartwell Financial Advisory

Chartwell is a national leader in financial advisory, providing comprehensive solutions and investment banking services to the middle market. Our construction, architecture and engineering practice has brought Chartwell’s expertise to over 100 companies in the industry. With substantial corporate finance and capital markets experience, the Chartwell team works with clients and their advisors to deliver independent, solutions-based advisory services that are unbiased to outcome, free from conflicts, and focused on optimizing client objectives. For more information about this transaction, please contact Greg Fresh, Chartwell Corporate Finance group head.