We are very excited about adding Shawn Murray and the management team of Murray Demolition to our group of 11 operating partnerships. He is a first-rate entrepreneur with an experienced management team that has built the leading business in its field. Murray Demolition is a relatively non-cyclical business with low capital expenditure requirements, durable cash flows, a diversified customer base and opportunities for consolidation as well as organic growth -- an excellent investment for Newport.
-Peter Wallace
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