EBJ News for November 14, 2019 – The following section highlights the latest stories in the Environmental Industry.
Tetra Tech wins $40 million flood risk management contract
Tetra Tech Inc. (Pasadena, Calif.) has been awarded a $40 million, multiple-award assessment and engineering design contract by the U.S. Army Corps of Engineers, Albuquerque District. The contract is focused on flood risk management and erosion protection, primarily in the southwestern United States. Under the five-year contract, Tetra Tech will conduct hydrologic and hydraulic analyses, river and groundwater modeling, climate change evaluations, geomorphic assessments, and sediment transport analyses. Tetra Tech will also design flood control structures that optimize water resources and reduce the erosion of stream banks.
Stantec reports strong growth in environmental services
Stantec (Edmonton, Alberta) reported net revenue grew 12.4% to C$952.6 million in the quarter ended September 30, 2019 compared to the prior year period due to 7.4% organic growth and 4.8% acquisition growth. All geographies and business units showed solid growth with the exception of Energy & Resources. Environmental Services had net revenue of C$150.9 million for the quarter compared to C$124.6 million in Q3 2018, driven by work on LNG projects and in the midstream oil and gas sector. Key environmental projects in the United States included a three-year master services agreement for environmental and permitting services and solar power sites across the country. The Water operating unit generated C$182.8 million, up from C$170.9 million. In an earnings call, Gord Johnson, Stantec’s president and CEO, said the company was most pleased with organic growth in its Water business: “We’ve talked for several quarters that while we are generating good backlog in water, we felt that we haven’t seen that translate into organic growth yet. Certainly, we did see that in Q3.” Stantec also reported that organizational reshaping efforts are on track to deliver cost savings of approximately C$40 million to C$45 million.
Arcadis and Pace pilot real-time PFAS project
The National Guard Bureau has partnered with Arcadis (Amsterdam, The Netherlands) and Pace Analytical (Minneapolis, Minn.) to pilot a real-time PFAS analysis mapping a plume of contaminants in groundwater, The Record-Eagle reported. According to the article, it is the first in-field use of a mobile PFAS laboratory since the technology received federal accreditation. “We are the only PFAS mobile lab in the country,” said Patrick Letterer, quality manager for Pace Analytical. An underground plume of PFAS has resulted from years of using firefighting foam at Camp Grayling in Michigan. Arcadis and Pace Analytical will create a three-dimensional map of the PFAS plume to guide remediation efforts.
Willdan adds energy analysis with E3 acquisition
Willdan Group Inc. (Anaheim, Calif.) has acquired Energy and Environmental Economics Inc. (E3, San Francisco, Calif.), a data-driven energy analysis and strategy-consulting firm, in a stock purchase. E3 has more than 70 employees in San Francisco, Boston and New York, generating approximately $16 million in revenue in 2018. E3 has developed analytical tools in electricity resource planning, greenhouse gas scenario analysis, energy markets analysis, and demand-side resource valuation. “We believe that E3 will provide Willdan and our clients visibility into future market trends and position us to advise clients on upcoming policy, electrification, and decarbonization,” said Tom Brisbin, Willdan’s CEO and chairman. Willdan provides technical and consulting services to utilities, government agencies, and private industry.
Clean Harbors reports growth across environmental business
Clean Harbors Inc. (Norwell, Mass.), a provider of environmental, energy and industrial services, grew third-quarter revenues ended September 30, 2019 to $891.7 million, up from $843.2 million in the same period last year. Net income for the third quarter was $36.4 million compared to $31.1 million. Environmental Services achieved a revenue increase of 8% and adjusted EBITDA growth of 19%. Clean Harbor said results came from driving high-value waste streams into its network, and growth across environmental businesses. Incineration utilization climbed to 92% from 84% a year ago, and landfill volumes increased 6%. Large-scale emergency response projects also contributed. Clean Harbor’s Safety-Kleen segment increased revenues by 2%.
Aqualyze expands Murraysmith’s team of modeling experts
Public infrastructure engineering firm Murraysmith Inc. (Portland, Ore.) has acquired Aqualyze Inc. (Seattle, Wash.), an eight-person modeling and planning firm based in the Puget Sound. Aqualyze adds major modeling muscle to Murraysmith, bringing its modeling and planning team to 20 specialists and strengthening its water, sewer, and stormwater modeling and planning services. Murraysmith now has more than 40 employees in the Puget Sound. Focused on water, wastewater, stormwater, and transportation, Murraysmith has 13 offices in the Pacific Northwest and Idaho, Colorado, and California.
Lockheed Martin and TRC reach definitive agreement
PTRC (Lowell, Mass.) is acquiring Lockheed Martin Energy’s Distributed Energy Solutions group, which is principally engaged in providing distributed energy services to electric and gas utility customers. Services include energy efficiency, demand-response, beneficial electrification, distributed energy resource management, data analytics and IT/OT systems integration. The sale is part of Lockheed Martin Energy’s strategy to focus on products and technology for the energy marketplace and the Department of Defense.
Federal Reserve addresses risks posed by climate change
The Federal Reserve Bank held its first ever conference on climate change in November to consider the impact of extreme weather on the U.S. economy. The conference in San Francisco featured attendees from universities and central banks worldwide. Mary Daly, president of the Federal Reserve Bank of San Francisco, said in opening remarks, “The Federal Reserve’s job is to promote a healthy, stable economy. This requires us to consider current and future risks – whether we have a direct influence on them or not. Climate change is one of those risks.”
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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 Monkarsh2019-12-11 12:46:542019-12-11 12:46:54EBJ News for November 14, 2019
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