EBJ News for May 16, 2017

Wastewater Markets Recycled Water | B&V to prepare India’s largest recycled water master plan
Black & Veatch (B&V, Overland Park, Kansas) has been awarded a contract by the Municipal Corporation of Greater Mumbai (MCGM) to prepare a strategic master plan for recycled water. MCGM’s goal is to maximize the use of tertiary treated effluent over the next 50 years in order to offset fresh water demand and alleviate deficits in water supplies. The plan will outline the framework for reuse of tertiary treated effluent from all seven of Mumbai’s wastewater treatment plants. This is B&V’s second high profile award from MCGM in 12 months. In May 2016 the company won a contract for consultancy services and to prepare a project report and tender documents for MCGM’s wastewater treatment facility for Malad zone, a suburb of Mumbai. Black & Veatch has been working in India since 1915 and has undertaken more than 80 water projects there.

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EnviroSuite’s environmental consulting practice sold to ERM
EnviroSuite Ltd. (Sydney, Australia) has agreed to sell its Pacific Environment Consulting practice (PEC) to Environmental Resources Management (ERM, London, UK) for A$15 million in cash. On completion, EnviroSuite will collaborate with ERM to bring a combination of EnviroSuite’s award winning SaaS platform and ERM’s global consulting capabilities to clients worldwide. All PEC staff will transfer to ERM. Funds from the sale of PEC will enable EnviroSuite to invest in sales, marketing, and development of its software platform. EnviroSuite offers monitoring, management, and reporting capabilities for a wide range of operations from water treatment to large scale construction, open cut mines, food processing, port operations, environmental regulation, and other industry uses.

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LaBella acquires Novus Engineering and Bagdon Environmental
LaBella Associates (Rochester, N.Y.) has acquired Novus Engineering (Delmar, N.Y.) and its subsidiary Bagdon Environmental. Novus Engineering was founded in 1981 and has 15 employees, including the Bagdon Environmental division. Bagdon Environmental specializes in ecological services related to state and federal wetlands, endangered species, and regulatory compliance. All Novus and Bagdon employees will be retained. LaBella Associates offers mechanical, electrical, plumbing and civil engineering, bridge and highway engineering, planning, architecture, program management, and environmental consulting. The acquisition brings LaBella Associates to 16 office locations, including eight in New York.

 

Amec Foster Wheeler wins major radiological remediation contract
U.S. Naval Facilities Engineering Command (NAVFAC) has awarded Amec Foster Wheeler (London, UK) a 5-year contract to clean up and restore Navy properties contaminated with low-level radioactive materials and industrial wastes. Many of the properties are on the Superfund National Priority List and are predominantly located in California. The contract has an aggregate maximum value of $240 million for multiple awardees and is estimated to reach completion by 2022. The contract places Amec Foster Wheeler in a prime position for remediation work with the U.S. Navy, the company said. The company’s proprietary Orion ScanSortSM1 soil sorting technology and Orion ScanPlotSM2 mapping technology will be used.

Kain Capital completes majority acquisition of King Engineering
Kain Capital LLC has completed its acquisition of a majority stake in King Engineering Associates Inc. (Tampa, Fla.). Financial terms were not disclosed. King Engineering is a full service civil engineering firm with operations across Miami, Sarasota, Fla., and Austin, Texas. “This acquisition greatly advances our strategy of focusing on strong businesses in the engineering space with opportunities for growth,” said Kunal Kain, managing partner of Kain Capital. “Our partnership begins with all existing managers remaining in place, and sixteen senior managers retaining an ownership stake in the company.” King Engineering serves public and private sector clients in land development, water and wastewater, planning, transportation, ecological, surveying, landscape architecture, and construction management.

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NV5 acquires Bock & Clark NV5 Global Inc. (Hollywood, Fla.), a provider of professional and technical engineering and consulting, has acquired Bock & Clark Corporation (Akron, Ohio), an American Land Title Association (ALTA) surveying, commercial zoning, and environmental services firm. Bock & Clark has eight offices in the United States and annual gross revenues of approximately $39 million, up from $12 million in 2010. Bock & Clark’s clients include major national law firms, financial institutions, REITs, multi-property owners, and title companies. “Bock & Clark will not only introduce NV5 into a new market of reoccurring revenue that fits well within our existing service lines, but will bring us into new geographies where we foresee considerable growth,” said Dickerson Wright, chairman and CEO of NV5.

NV5 announces three strategic acquisitions and first quarter financial results
NV5 Global Inc. (Hollywood, Fla.), a provider of professional and technical engineering and consulting solutions, has announced the acquisition of (1) Holdrege & Kull Consulting Engineers and Geologists (H&K, Nevada City, Calif.), a geotechnical engineering, materials testing, and inspection company; (2) Lochrane Engineering Inc. (Orlando, Fla.), a transportation and civil engineering company; and (3) an agreement to acquire Energenz LLC (Irvine, Calif.), an energy management and sustainability company. H&K has approximately $6 million in annual revenues, 41 full-time employees, and five office locations in California. Lochrane has approximately $6.5 million in annual revenues and 48 full-time employees. Energenz has approximately $2 million in annual revenues. NV5 previously acquired 40% of Energenz as a result of its acquisition of JBA Consulting Engineers in October 2016. NV5 also announced total revenues for the first quarter 2017 of $65.1 million, a 42% increase from the first quarter of 2016. Net income for the first quarter of 2017 was $2.3 million, up from net income of $2.1 million in the first quarter of 2016. Organic growth of 6% was reported, “despite significant project delays due to record rainfall in California, which represents about 35% of our business,” said Dickerson Wright, chairman and CEO of NV5.

ESA acquires Scheda Ecological Associates
Environmental Science Associates (ESA, San Francisco, Calif.) has acquired Scheda Ecological Associates (Tampa, Fla.), an environmental permitting and ecosystem management consultancy. “Having partnered with Scheda over the years on a variety of projects, we have had the opportunity to see that we share similar goals, values, and commitment to our clients and our work,” said Leslie Moulton-Post, president of ESA. Scheda, now known as ESA Scheda, has been providing NEPA environmental support, ecosystem restoration, and environmental permitting consulting services for more than 27 years; clients include water management districts, Florida Department of Transportation, estuary programs, ports, and local counties and municipalities. ESA Scheda will operate out of Florida offices in Tampa, Orlando, Sarasota, Destin, and Delray Beach. The acquisition adds expertise and manpower to meet ESA’s growing needs in Florida and the Gulf Coast.

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Florida approves $50 million for beach restoration
Florida lawmakers have approved $50 million to “renourish” the state’s beaches, the biggest legislative appropriation for Florida’s coasts in over a decade, according to the Naples Daily News. Last year lawmakers approved $32.5 million for beaches. The last time beach funding exceeded $50 million was in fiscal 2006-07 when lawmakers approved $65 million for beach restoration and repair of damage from hurricanes in 2004 and 2005. Beach funding declined to $16.3 million during the recession and has slowly recovered since. Also approved was $13.3 million to repair communities hit by Hurricane Matthew in October 2016.

West Yost acquires Whitley Burchett
West Yost Associates (Davis, Calif.) has acquired Whitley Burchett and Associates (WBA, Walnut Creek, Calif.). Founded in 1985, WBA specializes in municipal water, wastewater, and recycled water planning, permitting, and design services. “WBA has been a teaming partner with West Yost for many years,” said Charles Duncan, West Yost president. “They will bolster our wastewater and infrastructure expertise and expand our service offerings in resource recovery, including recycled water and alternative energy, as well as grant funding.” Founded in 1990, West Yost is a consulting civil/environmental engineering firm providing planning, design, construction management, operations technology and cybersecurity, and environmental services for water, groundwater, recycled water, wastewater, stormwater, and infrastructure projects for clients throughout California, Oregon, and Arizona.

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AECOM reports second quarter fiscal year 2017 results
AECOM (Los Angeles), a global infrastructure firm, reported revenue of $4.4 billion and net income of $102 million in its second quarter. The company reported positive organic revenue growth, driven by strong performance in building construction, power and international design markets. “We had several key accomplishments in the second quarter: We delivered EPS ahead of our expectations, we had positive organic revenue growth, and we announced the first monetization from our AECOM Capital portfolio,” said Michael S. Burke, AECOM’s chairman and CEO. AECOM’s Design & Consulting Services segment, which is active in transportation, environmental, energy, water, and government markets, generated revenue in the second quarter of $1.9 billion. Constant-currency organic revenue for the segment decreased by 3% as significant infrastructure investment initiatives had yet to positively impact the company’s markets. AECOM’s Construction Services segment generated revenue in the second quarter of $1.7 billion. Constant-currency organic revenue increased by 12%, highlighted by growth in the firm’s building construction and power businesses.

 

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AECOM awarded DOE energy performance savings contract
AECOM (Los Angeles), a global infrastructure firm, has been awarded a U.S. Department of Energy (DOE), third-generation indefinite delivery/indefinite quantity (IDIQ) energy savings performance contract (ESPC). These ESPCs are awarded to energy service companies that provide cost savings as a result of privately financed energy and water infrastructure improvements to federal facilities. The scope of work includes providing energy and water conservation services that reduce consumption, utility costs, operations and maintenance costs and promote the use of renewable energy technologies. The contract is valued at $55 billion for the pool of 21 awarded energy companies over five years. ADB announces $4.2 billion in water spendingThe Asian Development Bank (ADB) has plans to approve investments worth $4.2 billion for the water sector in 2017, up from $2.4 billion in 2016, according to a May 4 briefing by Global Water Intelligence (GWI). Of this $4.2 billion, 35% is earmarked for water supply, sanitation, and wastewater management; 38% for irrigation and drainage; 13% for hydropower; 9% for water resources management; and 6% for flood management, GWI reported. Over $13 billion worth of water sector loan packages are lined up for board approval by the end of 2019, with India to be the largest recipient ($3.6 billion), China ($2.2 billion), Pakistan ($1.1 billion), Bangladesh ($990 million), Vietnam ($932 million), and the Philippines ($770 million).

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ICF reports first quarter revenue is up 4.5%
ICF (Fairfax, Va.), a consulting and technology services company, reported revenue growth of 4.5% to $296.3 million in the first quarter, with each of its key client categories posting positive year-over-year revenue comparisons. Growth was led by commercial markets, which increased 9.4% from last year’s first quarter; revenue from government clients increased 1.9%. Net income was $10.2 million in the first quarter of 2017 compared to net income of $9.9 million in the prior year quarter. “Proposal and award activity in the government arena increased progressively throughout the quarter, and we continued to experience strong demand for commercial energy efficiency work. At the end of the first quarter, ICF had a record business development pipeline of $4.7 billion, setting the stage for future growth,” said Sudhakar Kesavan, ICF’s Chairman and CEO. One of ICF’s largest government awards in the quarter was a contract for up to $25.6 million with the Los Angeles County Metropolitan Transit Authority to provide environmental impact services. The firm’s largest commercial awards in the quarter included an $18.9 million contract with a major utility in the eastern United States to support residential, commercial, and industrial energy efficiency programs.

 

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Jacobs Engineering reports earnings for the 2Q Fiscal 2017
Jacobs Engineering Group Inc. (Dallas) reported U.S. GAAP net earnings of $50 million on revenue of $2.3 billion for the second quarter ended March 31, 2017, compared to net earnings of $65 million on revenues of $2.8 billion for the second quarter ended April 1, 2016. However, excluding restructuring and other charges, Jacobs’ second quarter 2017 adjusted net earnings totaled $95 million, up 4%, compared to $91 million from the corresponding period for 2016. (Jacobs’ second quarter 2017 results included approximately $45 million in costs associated with its 2015 restructuring, and charges related to its strategic review of Europe, U.K., and Middle East regional operations.) Jacobs’ total backlog was $18.5 billion as of March 31, 2017, including a professional services component of $12.4 billion, compared to total backlog of $18.2 billion and a professional services component of $11.4 billion for the corresponding period last year. Steve Demetriou, Jacobs Chairman and CEO, said, “We are excited about the benefits from the significant steps we have taken over the past two years to improve our operating performance and capabilities, resulting in our first year-over-year adjusted operating profit improvement in almost three years. While commodity oriented markets continue to be impacted by weak prices, our results give us further confidence in our ability to deliver on a more profitable growth track, as evidenced by the growth in our backlog, improved gross margins, and lower SG&A costs.”

 

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Canadian Solar announces investment in eNow
Canadian Solar Inc. (Guelph, Ontario), a company with net revenue of $2.85 billion  in 2016, has acquired a minority equity interest in eNow (Providence, R.I.), a specialist in solar-based energy management systems for the commercial transportation industry. Canadian Solar is now a 10% shareholder in eNow. The investment will accelerate the growth of photovoltaic (PV) based mobile energy solutions using Canadian Solar’s PV development and production expertise and expand eNow’s global reach. The partnership brings to market Canadian Solar’s module technology and eNow’s power management system. The solar–based energy management system for commercial vehicles will help to reduce energy consumption and CO2 emissions during engine idling and also can power vehicles’ auxiliary systems.  eNow was founded in 2011.

 

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Johnson Controls retrofits Hawaiian airports for energy savings
The Hawaii Department of Transportation (HDOT) has entered the second phase of its Energy Savings Performance Contract with Johnson Controls (Milwaukee, Wis.) to provide high-efficiency lighting at 11 Hawaii airports and solar photovoltaic systems at Honolulu International Airport. Total guaranteed energy savings at Hawaii’s airports is more than $606 million over a 15-year period with the addition of Phase 2 of the contract, which guarantees $65.5 million in energy savings through the conversion to LED lamps and installation of photovoltaic roof panels. Phase 1 and Phase 2 will install a total of over 98,000 light fixtures and over 24,400 photovoltaic panels for a total of nearly 8 megawatts of energy savings and power generation.

 

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