Hennessy Capital Acquisition Corp. III Completes Acquisition of NRC Group From J.F. Lehman & Company

Hennessy Capital Acquisition Corp. III (NYSE American: HCAC.U, HCAC, HCAC.WS) (“HCAC” or the “Company”) today announced the closing of its previously announced acquisition of NRC Group Holdings, LLC (“NRC Group”) from investment affiliates of J.F. Lehman & Company (“JFLCo”). The acquisition was approved at HCAC’s special meeting of stockholders held earlier today.

As part of the transaction, HCAC changed its name to “NRC Group Holdings Corp.” As a result, the Company expects that, effective October 18, 2018, the Company’s common stock and warrants will begin trading under the ticker symbols “NRCG” and “NRCG WS,” respectively, on the NYSE American exchange.

NRC Group is a global provider of comprehensive environmental, compliance and waste management services to the marine and rail transportation, general industrial and energy markets. NRC Group’s broad range of capabilities includes standby, environmental and waste disposal services, which enable it to provide a global reach to meet the critical, non-discretionary needs of its more than 5,000 customers across diverse industries and end markets to ensure compliance with environmental, health and safety laws around the world. Christian Swinbank, who was appointed CEO of NRC Group at its formation, will continue to serve in that capacity for the combined company post-closing.

Commenting on the acquisition, Swinbank said: “Today is a significant milestone for our company. We believe our new public listing will significantly enhance our ability to execute on the numerous exciting growth initiatives currently underway at NRC Group. Our mission in creating NRC Group was to provide a unique ‘cradle-to-grave’ solution for our customers’ waste streams from the point of generation all the way through the ultimate deposit at one of our landfill facilities, and we are proud to say that we have succeeded in providing that for our customers. We look forward to continuing our expansion to provide superior solutions to any environmental requirements, anytime and anywhere our customers need us.”

Daniel J. Hennessy, former Chairman and CEO of HCAC, commented: “With its best-in-class industry position, scalable business platform and numerous opportunities to further enhance and differentiate its unique service offerings, NRC Group is poised for significant growth and shareholder value creation.”

HCAC was advised on the transaction by Credit Suisse Securities (USA) LLC and Stifel as capital markets advisors; Nomura Securities International, Inc. as financial advisor and committed equity financing provider; and with Sidley Austin LLP and Ellenoff Grossman & Schole LLP as legal counsel.