Tetra Tech reports record annual revenue up 8% in fiscal 2018
Tetra Tech (Pasadena, Calif.) reported revenue for fiscal 2018 of $2.96 billion and net revenue of $2.20 billion, both up 8% compared to the prior year. Revenue in the fourth quarter was $739 million. Broad-based demand is being led by work for U.S. state and local clients which has increased organically at a double-digit rate for more than two years, according to Tetra Tech’s Chairman and CEO Dan Batrack. “Record orders received in the fourth quarter drove our backlog up 9% from the prior quarter to another all-time high,” he noted. Among its environmental awards so far in calendar 2018, Tetra Tech has announced a $650 million, multiple-award USAID contract to address land rights and resource management around the world; a $21 million USAID contract for sustainable landscape management and biodiversity conservation in Cambodia; a $60 million multiple-award water engineering contract for Los Angeles county; and a $60-million multiple-award contract from the US Army Corps to manage navigation, maintain water supplies, improve coastal structures, reduce flood risks and restore ecosystem habitat in the Pacific Northwest.
ICF reports 9% increase in revenue in third quarter
ICF (Fairfax, Va.) reported third quarter 2018 total revenue of $333 million, representing 9.1% growth compared to prior year’s third quarter. Revenue from government clients was $222.3 million, up 14.1% year-on-year. U.S. federal government revenue (42% of total revenue) was $139.9 million, representing a 1.9% decline. U.S. state and local government revenue increased by $25.9 million or 87% year-on-year to $55.8 million. And international government revenue increased 18% year-on-year. “Revenue growth in the quarter was led by our work with state and local government clients, which included the start-up of recently-won disaster recovery work, and by the continued strength of our business with international government clients, which together drove a 14 percent year-on-year increase in total government revenues for the period,” said Sudhakar Kesavan, ICF’s chairman and CEO. Environmental awards in the quarter included contracts with USAID to support environmental compliance reporting and the U.S. EPA to support the National Water Program and major water policy and regulatory actions. Commercial sales were stable at $69 million in the third quarter; energy markets represented 48% of commercial revenue, with several energy efficiency awards from utilities. “We ended the third quarter with higher backlog, record contract awards, and a business development pipeline approaching $5.5 billion,” said Kesavan.
MWH Constructors announces acquisition by Oaktree in partnership with management
MWH Constructors, a global construction firm focused on water and energy, has been acquired by Oaktree Capital Management LP in partnership with MWH’s management. Stantec (Edmonton, Canada) announced it had signed an agreement for the sale of its construction division in October, following a review. The acquisition encompasses all MWH operations in North America and the United Kingdom, including global engineering, procurement, construction operations, and construction management services. MWH Constructors, which has a focus on water and energy, employs over 2,200 across its divisions. Large-scale project work in the United States currently includes a $939 million wastewater project with the San Francisco Public Utilities Commission, a $196 million contract with the Trinity River Authority of Texas, and a $135 million project for a new wastewater treatment facility with the City of Logan, Utah. Engineering News-Record ranked MWH Constructors as the No. 1 contractor in wastewater treatment in 2017 and the No. 3 contractor in sewer and waste.
Woidt to strengthen Shumaker’s new water division
Woidt Engineering and Consulting PC has joined Shumaker Consulting Engineering and Land Surveying DPC, expanding Shumaker’s new water resources division. Both companies are headquartered in Binghampton, N.Y. A certified Women-Owned Business Enterprise, Shumaker also has offices in Albany and Utica, N.Y. and Montrose, Pa. Formed in January 2004 Woidt provides specialized water resource engineering services including dams, floodplain management, and stormwater management. The company operates throughout New York, Pennsylvania, Ohio, and New England. Shumaker was established in 1956 and reincorporated under the leadership of Linda M. Shumaker, PE, in 1992. This year, Shumaker was recognized by the American Council of Engineering Companies of New York (ACEC New York) as the 2018 Engineer of the Year, becoming the first woman to receive this distinction during ACEC New York’s 97-year history.
EFCG names Golder’s global president CEO of the Year
Environmental Financial Consulting Group (EFCG, New York, N.Y.) has named Golder Global President and CEO Hisham Mahmoud as their CEO of the Year. Dr. Mahmoud was presented with the award at the 29th annual EFCG CEO Conference in New York City. Mahmoud took over three years ago as Golder’s first externally appointed CEO. EFCG President Paul Zofnass described the CEO’s achievement as “nothing short of tremendous, creating a lot of value in a short period of time.” Such performance improvement “is impossible without significant cultural alignment, which in our view only comes from strong leadership, starting with the CEO.” EFCG is an M&A advisory and financial consulting firm focused on the A/E/C industry.
Oaktree Capital invests in Montrose Environmental
Oaktree Capital Management LP has made an investment in Montrose Environmental Group, Inc. (Irvine, Calif.) to provide capital and strategic support to accelerate growth. Terms were not disclosed. “The environmental testing and services industry is highly fragmented, and Montrose is in an ideal position to consolidate the industry through a combination of organic growth and executing on their acquisition strategy,” said Brook Hinchman, senior vice president at Oaktree. Montrose Environmental offers measurement and analytical services, as well as environmental resiliency and sustainability solutions to clients across a wide array of sectors. The company has grown by acquisition to more than 50 offices across the country and over 1,100 employees nationwide.
Corps lists AECOM, Jacobs, North Wind-EA JV and Stantec for hazardous and radioactive waste services
AECOM Technical Services Inc., Jacobs Technology Inc., North Wind-EA JV LLC, and Stantec Consulting Services Inc. will compete for orders under a $72 million firm-fixed-price contract for hazardous, toxic, and radioactive waste services. The contract falls under the U.S. Army Corps of Engineers, Anchorage, Alaska. Bids were solicited via the Internet with seven received. Work has an estimated completion date of November 2023.
European and Asian cities lead in Arcadis Sustainable Cities Index
London is the most sustainable city, according to the 2018 Sustainable Cities Index (SCI) from Arcadis (Amsterdam). European cities occupy eight of the top 10 spots, with Singapore and Hong Kong also in the top 10. New York, San Francisco and Seattle are the only U.S. cities in the top 20. The Sustainable Cities Index ranks 100 cities on criteria that are closely aligned to UN Sustainable Development Goals. The SCI data consistently highlight that the foundations of city sustainability are an educated and healthy workforce, effective low-carbon infrastructure, and ease of doing business.
Naval Air Warfare sustainability office awards environmental and resource management contract
T&E Technologies LLC (Anchorage, Alaska) has been awarded a $16.9 million cost-plus-fixed-fee, indefinite-delivery/indefinite-quantity contract in support of the Naval Air Warfare Center Weapons Division’s Range Sustainability Office. Services will include encroachment analysis, environmental studies and documentation, natural resources documentation, geospatial analysis for resource management and land use planning, and geophysical resources analysis. Eighty percent of the work will be performed in China Lake, Calif. The contract is a 100% small business set-aside.
TWH Water acquired by DuBois Chemicals
TWH Water Treatment Industries Inc. (Water Treatment Solutions, Rosemont, Ill.), a subsidiary of Triwater Holdings LLC, has been acquired by DuBois Chemicals Inc. (Cincinnati, Ohio). DuBois is a portfolio company of The Jordan Company, and Triwater is a portfolio company of The Edgewater Funds and JZ Capital Partners. Terms were not disclosed. Water Treatment Solutions serves national, regional and local customers with its chemical-based treatment programs to reduce energy and water usage and improve asset efficiency and longevity. DuBois provides value-added specialty chemical solutions and services to the middle-market manufacturing industry, as well as the consumer car wash and fleet transportation markets. This is the second divisional sale for Triwater this year, with their Filtration Division having been acquired by Culligan International in March 2018.