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EBJ News for August 22, 2019

Tetra Tech wins Superfund contracts

Tetra Tech Inc. (Pasadena, Calif.) has been awarded two five-year Superfund contracts worth $132 million combined. The contracts are for technical and advisory services in Regions 4 and 5 for the U.S. EPA’s Superfund Technical Assessment and Response Team (START V). Tetra Tech will perform field surveys, contingency planning, Superfund and brownfields site assessments, human health and ecological risk assessments, data management and mapping, and training.  The START program provides technical assistance to EPA related to emergency response and preparedness. In July, Tetra Tech secured a $72.5 million contract to help the EPA respond to hazardous releases and oil spills, primarily in Region 5.

 

Acquisition strengthens Jacobs’ nuclear platform

Jacobs (Dallas) is acquiring John Wood Group’s nuclear business in the United Kingdom for an enterprise value of approximately $300 million, representing an adjusted EBITDA multiple of 7.9x. Wood Nuclear provides program management and technical and consulting services in areas such as decommissioning, nuclear new build, and operational support in the civil nuclear and defense segments. The company anticipates approximately $285 million in CY2019 revenue and has more than 2,000 employees. “Combining this team into Jacob’s existing [Aerospace, Technology & Nuclear] business provides an important platform for growth in nuclear and defense across the U.K. and an increased access to Europe and Asia,” Jacobs stated. Jacobs has an existing $1.2 billion nuclear portfolio.

 

Stantec announces second quarter 2019 results

Stantec (Edmonton, Alberta) reported net revenue of $953.6 million for the quarter ended June 30, 2019, reflecting growth of 10.5%, with increases across all business units. Organic growth was 2.3%, driven by U.S. and global operations, particularly in Environmental Services and Transportation. Acquisition growth of 6.4% reflected the addition of Peter Brett Associates LLP and Wood & Grieve Engineers. However, second quarter net income decreased 14.4% due to higher than anticipated administrative and marketing expenses driven primarily by excess labor costs. Earlier this year Stantec embarked on significantly reducing labor costs but said the process was taking longer than expected and has now been accelerated.

 

US Ecology reports 14% growth in second quarter

US Ecology Inc. (Boise, Idaho) reported total revenue for the second quarter ended June 30, 2019 of $155.8 million, up 14% from the same quarter last year and up 9% on an organic basis. Revenue for its Environmental Services segment rose 14% to $112.8 million, consisting of 16% growth in treatment and disposal and 9% in transportation. Revenue for the Field and Industrial Services segment was $43 million, up 13%. US Ecology provides treatment, disposal and recycling of hazardous and radioactive waste, in addition to field and industrial services.

 

EA Engineering wins Great Lakes contract

EA Engineering, Science, and Technology Inc. PBC (Hunt Valley, Md.) will continue to provide services to the U.S. EPA’s Great Lakes National Program Office under a new five-year contract. Great Lakes Architect and Engineer Services II has a maximum capacity of $25 million and includes support of contaminated sediment evaluations, remedial design activities, habitat evaluations and restoration designs, and oversight of contaminated sediment remediation projects. In addition, EA will be responsible for analytical support and data management. “EA is excited to have this opportunity to continue to leverage our expertise in developing economical and environmentally sustainable solutions to address impaired rivers, harbors, and bays throughout the Great Lakes,” said Executive Vice President Fritz Meyer.

 

BioLargo teams with Bhate Environmental on USAF contracts

The engineering subsidiary of BioLargo Inc. (Westminster, Calif.) has been awarded a third subcontract to provide air quality environmental engineering services to the U.S. Air Force at bases in Kansas and Illinois. BioLargo Engineering, Science & Technologies (BLEST) has entered into a series of teaming agreements with Bhate Environmental Associates Inc. (Birmingham, Ala.) as prime-contractor to prepare bids for environmental services on Air Force bases throughout the country. The total value of this new contract awarded to Bhate Environmental is approximately $3 million over a five-year term. It follows the award of two subcontracts to BioLargo Engineering in July to provide services to USAF in Texas and Arizona under a Bhate Environmental contract worth more than $12 million combined.

 

B&V reports on rapidly changing energy ecosystem

Black & Veatch (Overland Park, Kansas) has published its “2019 Strategic Directions: Electric Report” based on a survey of nearly 900 North American leaders in the power sector. The surge of renewable energy and growing penetration of microgrids and other distributed energy resources are testing utilities’ business models, the report finds. Key insights include: Nearly 45% of respondents indicated that renewables and distributed generation are motivating utilities to retire central generation sites, with another 31% saying they expect that to happen in the near term. Asked what is most essential for planning, engineering and running a more complex grid, 55% of respondents cited innovative system designs that allow for more system flexibility, while 53% cited better modeling and forecasting data.

 

Brown and Caldwell selected for SoCal pipe rehab

Brown and Caldwell (Walnut Creek, Calif.) has been selected by the Metropolitan Water District of Southern California to provide engineering design services for rehabilitation of the nine-mile pre-stressed concrete cylinder pipe (PCCP) portion of the Allen-McColloch Pipeline. Works fall under the $2.5 billion PCCP Rehabilitation and Replacement Program authorized by Metropolitan Water in 2011. As design consultant, Brown and Caldwell will perform preliminary design and prepare conceptual drawings. Metropolitan provides water to 26 public agencies serving 19 million people.

 

Valicor acquires River Green wastewater facility

Valicor Environmental Services (Monroe, Ohio), a provider of non-hazardous wastewater treatment services, has expanded its network by acquiring River Green, which operates a centralized wastewater treatment facility in Louisville, Ky. This brings the number of Valicor’s centralized wastewater treatment plants from five to twelve in 24 months as it builds out a national footprint. Pritzker Private Capital announced in July that it was acquiring Valicor from Wind Point Partners, investing alongside Valicor’s management team.

FCC awarded solid waste contract in Florida

FCC Environmental Services (Houston) has been awarded the solid waste collection contract for Volusia County, Fla. for the next seven and a half years, with a possible contract extension of an additional seven. Total backlog awarded is $87 million, which would potentially reach $170 million with the extension. Volusia County is located northeast of Orlando next to the Cape Kennedy Space Center and has 550,000 residents. Including this contract, FCC will be providing services in four major counties in Florida.

 

Montrose expands capabilities in Canadian APC market

Montrose Environmental Group Inc. (Irvine, Calif.) is acquiring Lehder Environmental Services (Point Edward, Ontario), one of Canada’s largest air quality management companies. Terms were not disclosed. The acquisition expands Montrose’s international reach and combines Lehder’s expertise in Canadian stack testing, permitting, and consulting with Montrose’s environmental services for industrial customers.

 

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