Report 4800: Climate Change Adaptation

Adaptation will grow to a $1bil. industry in the U.S. by 2015, followed by exponential growth once design & construction of adaptation measures begin - $995

Report 3000: Global Environmental Market

Regional analysis & projections covering countries in N. America, Latin America, Europe, Russia, Asia, Middle East, Japan, Australia/NZ, and Africa - $1,995

AECOM completes acquisition of URS

The stockholders of AECOM Technology Corp. (Los Angeles, CA) and URS Corp. (San Francisco, CA) have approved a $6 billion deal that combines the number one firm on Engineering News-Record’s list of the top 500 design firms—AECOM—with the number three firm into an engineering and construction giant with pro forma annual revenue of about $19 billion. Under the terms of the transaction, each shareholder of URS common stock will receive a per-share consideration of either $53.991 in cash or 1.8879 shares of AECOM common stock in exchange for each URS share. Through its acquisition of URS, AECOM diversifies and broadens its market presence, particularly in such end markets as oil and gas, power, and government services. URS also adds substantially to AECOM’s construction management capabilities, building upon a competency it gained through the acquisition of Tishman Construction in 2010 and, this past summer, of Hunt Construction Group.

“Today is an exciting and historic day—for our industry, for AECOM and URS, and for our nearly 100,000 people around the world who are serving our clients in over 150 countries,” said Michael Burke, AECOM’s CEO, in announcing the results of the shareholder election on October 17. “Beyond the compelling benefits that this transaction creates for our combined clients, stockholders, and employees, the combination of AECOM and URS dramatically accelerates our strategy of creating an integrated delivery platform with superior capabilities to design, build, finance, and operate infrastructure assets around the world.” Burke added, “our leaders have collaborated to develop a comprehensive integration plan that will leverage our greater scale across our global platform. We are confident that we will achieve our target of $250 million in annual cost synergies.”

Last Updated on Tuesday, 21 October 2014

Heritage-Crystal Clean acquires FCC Environmental

Hazardous waste management, parts cleaning, and used-oil re-refining company Heritage-Crystal Clean, Inc. (HCCI; Elgin, IL) announced that it has acquired FCC Environmental from Spain’s Fomento de Construcciones y Contratas S.A. for a total consideration of $90 million. FCC Environmental, a provider of environmental and used-oil collection services, operates 34 facilities in the eastern United States and generated sales of approximately $160 million during its 2013 fiscal year. “This acquisition will allow us to quickly improve the overall efficiency of our used-oil collection fleet and to substantially expand the environmental services segment of our company,” said Joseph Chalhoub, HCCI’s founder, president, and CEO. “We are also excited to have the opportunity to service FCC Environmental’s approximately 30,000 customers.” Noting that the deal was HCCI’s largest to date, HCCI CFO Mark Devita commented that the transaction “provides us the opportunity to capture significant synergies, which we estimate will be approximately $20 million annually once the integration is complete.” He said that the full integration should take about a year.

Last Updated on Tuesday, 21 October 2014

Tetra Tech wins $76 million Superfund contract

Tetra Tech, Inc. (Pasadena, CA) has received a Superfund Technical Assessment and Response Team (START IV) contract from the U.S. Environmental Protection Agency (EPA) to provide technical services in connection with Superfund site cleanups in EPA Region 4 encompassing eight southeastern states. Under the five-year, $76 million contract, Tetra Tech will provide a range of scientific and technical support services, including emergency response, emergency preparedness and prevention, site assessment, data management, and training. “Tetra Tech has supported the EPA START program since 1995, and we are pleased to continue providing technical services to EPA with the award of this contract,” said Dan Batrack, Tetra Tech’s chairman and CEO.

Last Updated on Tuesday, 21 October 2014

GZA GeoEnvironmental picks up Huff & Huff

GZA GeoEnvironmental, Inc. (Norwood, MA) announced that it has acquired Huff & Huff, Inc. (Oak Brook, IL), a multidisciplinary consulting and engineering firm that provides environmental, natural resources, and compliance services to the private, public, architectural and engineering, and transportation sectors. According to GZA, Huff & Huff is a 35-year-old firm that has built a strong reputation for expertise in natural resource assessments, wetland and stream surveys, remediation design, environmental compliance, NEPA documentation, wastewater system design, and other environmental services. It has performed on projects in more than 23 states. GZA said that the addition of Huff & Huff expands its geographic presence in the Midwest and broadens its offering to the transportation sector. Linda Huff and Jim Huff have joined GZA as vice presidents and will continue to lead Huff & Huff as a subsidiary of GZA. 

Last Updated on Tuesday, 21 October 2014

EPA issues water infrastructure funding for NY, NJ, PR

EPA has awarded nearly $300 million to New York, New Jersey, and Puerto Rico to finance water infrastructure improvements, including upgrades to aging and impaired sewer systems and drinking water treatment plants. About $197 million of the new financing will go to New York, while $74 million will go to New Jersey and $26.8 million will go to Puerto Rico. The new funding comes on the heels of $340 million that EPA provided to New York and $229 million that the agency provided to New Jersey to finance projects that will bolster infrastructure resiliency in the face of Hurricane Sandy-type events. Of the $197 million in new financing for New York, $155 million is coming through the Clean Water State Revolving Fund (SRF) program and $42 million is coming through the Drinking Water SRF program.

Last Updated on Tuesday, 21 October 2014

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