Minnesota and Wisconsin (October 15, 2019) LHB, Inc. and Natural Resources Engineering Company (NREC) announced today the asset purchase of NREC to offer expanded services to pipeline, industrial and commercial clients. LHB acquired the NREC assets, people, and customer contracts to operate under the LHB brand.
NREC, founded in 1997, provides engineering and management services related to the transmission petroleum industry including regulatory compliance, pipeline and facilities construction, water resources, waste disposal, land development, and environmental compliance. Its breadth of experience spans from basic due diligence audits to multifaceted capacity expansion projects and comprehensive regulatory audits.
“NREC offers an exciting opportunity for LHB to strengthen and expand its service offerings in the pipeline and industrial space,” explained Rick Carter, CEO of LHB. “With several high-profile clients in common and many clients new to both firms, the acquisition of NREC supports the LHB strategy to diversify and meet future requirements for a single provider of professional architectural, engineering, and environmental services.”
Barry Power, founder and President of NREC, also commented, “LHB’s acquisition of NREC’s assets provides a major growth opportunity for both our businesses through complementary service offerings for our clients. I am excited to continue growing the staff’s and LHB’s abilities.” Power will join LHB as leader of a newly formed Natural Resources Engineering Business Unit that will be located at NREC’s office location, 1409 Hammond Avenue, Suite 110, Superior, WI 54880. LHB will continue to also serve clients from its existing Superior office located at 63 East Second Street.
LHB’s expanded business will serve over 300 clients, from five offices in Minnesota and Wisconsin.
LHB, Inc. is a leading multi-disciplinary engineering, architecture, environmental and planning firm known for its design leadership and loyalty to clients. LHB goes beyond good intentions and focuses on measurable performance. We specialize in several focus areas including public works, pipeline, industrial, housing, healthcare, government, education, and commercial design. LHB is dedicated to being environmentally responsible, reducing long term operating costs, and improving the quality of life for their clients. For more information or to schedule an interview, contact Rick Carter at 612.752.6923, Rick.Carter@LHBCorp.com or visit www.LHBcorp.com, LinkedIn, and Twitter @LHB_AEfirm.