ERM (London, UK) has acquired CSA Global (Perth, Western Australia), a specialized mining consultancy. CSA employs more than 100 people and draws on a network of associates and partner groups. “CSA Global is passionate about geoscience and exploration and mining practices, and ERM is passionate about sustainability in mining practices. It is a very good strategic fit,” said Jeff Elliott, CSA’s managing director.
RSK Makes Fourth Acquisition This Year
RSK (Southampton, UK), an environmental, engineering and technical services firm, has acquired RAW Technology Ltd. (Sandhurst, UK), its fourth purchase in this financial year. RAW specializes in inland oil spill response and remediation, operating worldwide from 16 offices in the UK and Ireland; its 85 employees will become part of RSK’s contracting division and operate as RSK Raw Ltd. RSK now employs more than 3,100 staff in over 100 offices worldwide and has annual revenues in excess of £250 million. This is the latest acquisition under RSK’s funding package from Ares Capital Europe.
World Bank Estimates Benefits of Resilient Infrastructure Spending
The net benefit of investing in infrastructure resilience in developing countries would be $4.2 trillion over the lifetime of new infrastructure—a $4 benefit for each dollar invested in resilience, according to a report by The World Bank. The report finds that the extra cost of building resilience into power, water and sanitation, transport and telecommunications systems is only 3% of overall investment needs. “The message for infrastructure investors, governments, development banks, and the private sector is this: Invest in regulations and planning, in the early stages of project design, and in maintenance. Doing so can significantly outweigh the costs of repairs or reconstruction after a disaster strikes,” wrote World Bank CEO Kristalina Georgieva.
B&V’s Power Business to Focus on Renewables and Distributed Energy
Black & Veatch (B&V, Overland Park, Kansas) is reorganizing its global power business, increasing focus on renewables and launching a Distributed Energy operating group. The new structure also enhances global focus on the company’s traditional conventional and power transmission businesses. “Working with clients of differing scale and development it’s become clear that generation, transmission and distribution can no longer operate in isolation,” said Mario Azar, president of B&V’s global power business. “In this complex, multifaceted energy ecosystem where there’s no one-size-fits-all dynamic, the industry must become more flexible and nimbler.”
GameChange Solar Closes Financing for Global Expansion
GameChange Solar (New York, N.Y.) has closed an asset based working capital line of credit to fund growth in the United States and overseas. Citi Commercial Banking is providing the financing. GameChange Solar said it has achieved profitability every year since its inception in 2012, becoming a market leader in the combined utility scale solar structures and tracker market in the United States in 2019; its goal is to become the global leader by 2022 with sales substantially in excess of $1 billion.
Mustang Adds Water Treatment Services
Mustang Extreme Environmental Services (Fort Worth, Texas) has added Aria Rose Oilfield Solutions (Midland, Texas). Established in 2016, Aria Rose offers water treatment services, including subsurface aeration and chemical injection systems, as well as “on-the-fly” mobile water treatment at well sites and water storage sites. The systems were designed specifically for oilfield applications and have been used extensively in multiple oilfield basins.
Achieving U.S. Recycled Plastics Goals by 2030 Could Cost $3BN
Up to $3 billion in additional capital investment would be required to achieve current U.S. recycled plastics content goals by 2030, according to analysis by Wood Mackenzie Chemicals. Corporate sustainability goals have emphasized using recycled plastic, primarily RPET (recycled polyethylene terephthalate), as the central component of products. In one scenario, the amount of RPET required to meet sustainability goals for sodas and water PET bottles would mean eight more RPET processing plants by 2025 and 27 more by 2030. The additional capital investment would be approximately $560 million by 2025 and nearly $1.9 billion by 2030. “Clearly, a huge gap exists between existing corporate sustainability goals and the current state of the U.S. RPET market,” said Dr. Michael Bermish, Wood Mackenzie Chemicals Principal Analyst.
Sunnova Files for IPO
Sunnova Energy International Inc. (Houston) has filed for an IPO on the New York Stock Exchange. The residential solar and energy storage provider serves more than 63,000 customers in at least 20 states, generating revenue of $104.4 million in 2018, up 36% from 2017. Sunnova reported a net loss of $68.4 million in 2018 down from $90.2 million the prior year. According to the IPO prospectus, the number of residential solar systems in the United States is expected to increase from approximately 2.2 million in 2018 to an estimated 5.4 million in 2024, representing a 16% CAGR. Yet the residential solar market remains significantly under-penetrated, reaching less than 3% of the 84 million single-family, detached homes in the United States.
Ricardo Builds Australian Presence with PLC Consulting
Ricardo plc (Shoreham-by-Sea, UK) is expanding its presence in Australia by purchasing PLC Consulting Pty Ltd. (Melbourne, Victoria), an environmental, planning and infrastructure advisory consultancy. PLC Consulting will join Ricardo’s international energy and environment business. The announcement follows Ricardo’s May acquisition of an Australian railway consultancy for AUD$53.6 million. Ricardo is a global strategic engineering and environmental consultancy specializing in the transport, energy and scarce resources sectors.
CHA Consulting Acquires JBS Project Management
Engineering consulting firm CHA Consulting Inc. (Albany, N.Y.) has acquired JBS Project Management (New York, N.Y.), a project and construction management firm of approximately 30 employees. The acquisition supports CHA’s strategic objective of expanding its services and presence in Metro New York. CHA was ranked 37th largest pure design firm in the United States in 2019 by Engineering News Record.
Tetra Tech completes acquisition of WYG
Tetra Tech, Inc. (Pasadena, Calif.) is acquiring the outstanding shares of WYG plc. Trading in WYG shares on the London Stock Exchange has been suspended, and outstanding shares of WYG are now owned by Tetra Tech. “WYG’s expertise in infrastructure and program management, as well as water and environmental services, enables us to deliver innovative solutions to support the UK’s infrastructure needs,” said Dan Batrack, Tetra Tech chairman and chief executive.
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https://ebionline.org/wp-content/uploads/2017/10/EBI-Website-Logo.png00Helene Monkarshhttps://ebionline.org/wp-content/uploads/2017/10/EBI-Website-Logo.pngHelene Monkarsh2019-09-17 11:37:452019-09-17 11:37:45EBJ News for July 16, 2019
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