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EBI News for November 20, 2020- Pushing Through the Pandemic

EBI News for November 20, 2020- The following section highlights the latest news in the environmental industry. Including acquisitions, new projects, promising streams of revenue, and solar industry transformations despite the continued pandemic.

 

 

Willis Towers Watson acquires Acclimatise

Willis Towers Watson (London, UK), a global advisory, risk management and insurance brokerage company, has acquired Acclimatise (Newark, UK), a climate change adaptation advisory and analytics services company, to meet growing demand from corporates, governments and financial institutions. The deal combines Acclimatise’s climate modeling and adaptation capabilities with Willis Towers Watson’s natural catastrophe modeling, risk management, re/insurance and investment markets experience. Based in the UK and with teams in France, the United States and India, Acclimatise has completed more than 450 climate adaptation consulting projects since it was founded in 2004. Acclimatise will join Willis Towers Watson’s Climate and Resilience Hub.

Tetra Tech reports strong fourth quarter

Tetra Tech Inc. (Pasadena, Calif.) announced revenue in the fourth quarter ending Sep. 27, 2020 of $753 million, up from $710 million in the third quarter. Backlog at the end of the fourth quarter was a record $3.24 billion, up 5% year-over-year and up 6% sequentially. “In just the fourth quarter, we won $69 million in contracts for renewable energy and power consulting services, continuing our differentiated leadership in this market,” said Chair and CEO Dan Batrack in an earnings call. “No doubt fiscal year 2020 was the most complicated, the most varied with the pandemic, with oil prices going to negative, with the largest single unemployment drops, followed by quick recoveries…. I was glad to see that revenues held up unbelievably well. We saw growth through the second half, all-time high earnings per share, all-time high backlog, all-time cash generation.” Tetra Tech’s revenue for fiscal 2020 totaled $3 billion compared to $3.1 billion in FY 2019.

ICF reports 3% rise in service revenue in Q3

ICF (Fairfax, Va.) reported total revenue of $360 million for the third quarter ended Sep. 30, 2020, 3.6% below the $373.9 million reported in the third quarter of 2019, due primarily to lower pass-through revenues. Service revenue increased 3% to $265 million year on year, led by programs for federal government clients and energy-related advisory and implementation work for commercial clients. It was ICF’s highest third quarter for contract wins in the company’s history, with $792 million in awarded contracts, including strategic wins aligned with growth catalysts identified by ICF: IT modernization/digital transformation, public health, commercial energy, and disaster management.

Anderson Kelsey Group joins Braun Intertec

Braun Intertec (Minneapolis, Minn.), an employee-owned engineering, consulting and testing firm with more than 35 offices in seven states, has acquired Anderson Kelsey Group, a Minnesota-based environmental consulting firm. “The addition of AKG expands our permitting and compliance practice and enhances our ability to provide these services to clients nationwide,” said Jon Carlson, CEO of Braun Intertec. AKG clients have ranged from industrial to healthcare facilities and national retailers.

Perovskite solar cells to revolutionize sector

Technology advancements in perovskite solar cells are transforming the solar industry, according to recent analysis by Frost & Sullivan. “Perovskite solar cells have demonstrated significant progress in recent years owing to the rapid increase in operational efficiency, from approximately 3% in 2006 to over 25% in 2020,” said Abhigyan Tathagat, senior research analyst. “Going forward, the materials can be easily synthesized, which make them a promising futuristic solar cell technology for producing efficient and low-cost photovoltaics.” A perovskite is any material with a crystal structure similar to the mineral called perovskite. A perovskite solar cell includes a perovskite-structured compound as the light-harvesting active layer.

Agreement reached on Klamath River dam removals 

PacifiCorp and the States of California and Oregon have agreed to provide additional resources and support for dam removal through the Klamath Hydroelectric Settlement Agreement (KHSA). The agreement was signed with the Yurok and Karuk tribes and sets terms for the removal of four antiquated Klamath River dams owned by PacifiCorp. It comes after decades of effort by tribes, resource agencies, and conservation groups to restore the Klamath River and its runs of salmon and steelhead fish, according to Trout Unlimited (TU), a signatory to the KHSA; TU has worked closely with Klamath stakeholders over the past 20 years to resolve water management challenges in the Klamath Basin and restore habitat, fish passage, and water quality in Klamath Lake and tributaries.

Morrisey Goodale expects record year for many A/E firms

The architecture and engineering (A/E) industry is having a banner year, and many firms will see record sales, revenues and profits in 2020, according to Morrisey Goodale. Worries have persisted about the short-term outlook—one worry among CEOs being an expected slowdown or erosion of backlog in the third or fourth quarter 2020. But based on backlogs, “plenty of A/E and environmental firms around the country are expecting the boom to continue deep into 2021…. Stantec, Tetra Tech, NV5, and Atlas Technical Consultants all reported either record or close to record backlogs heading into the New Year. And these tailwinds are playing out throughout the industry.”

Alliance advances national stack-testing platform

Alliance Source Testing LLC (Decatur, Ala.) has completed its sixth add-on acquisition with the purchase of Blue Mountain Environmental Management Corporation (Valencia, Pa.). Alliance’s goal is to build a national, best-in-class stack testing platform. Blue Mountain provides source emission testing services to customers throughout the Northeastern and Midwestern United States. The acquisition also increases Alliance’s services in increased ambient air capabilities. Together, Alliance and Blue Mountain have a national footprint of 17 offices and more than 200 employees in 11 states.

TRC acquires 1Source in health and safety

TRC Companies (Lowell, Mass.) has acquired 1Source Safety and Health (Exton, Pa.), a firm providing management consulting services in indoor air quality, asbestos management, industrial hygiene, and safety management systems. This acquisition brings an experienced team of certified industrial hygienists and safety professionals, and expands TRC’s ability to serve customers in Pennsylvania and surrounding states. “The global pandemic has reaffirmed that our strategic focus on health and safety is paramount to our customers, and the addition of 1Source’s 25 highly qualified, credentialed and talented individuals will further bolster our ability to support those areas,” said Mark Robbins, president of TRC’s Environmental Sector.

Integrated Engineering joins Prime AE 

Prime AE Group Inc. (Baltimore, Md.), a NewHold company, has acquired Integrated Engineering (Lexington, Ky.), a 40-person engineering and survey firm focused on transportation, structures, water and wastewater, stormwater management, aviation, site development, and landscape architecture. The acquisition expands Prime’s markets and geographies. The two firms have a combined staff of over 435 professionals.

BP Energy acquires Encino Environmental Services

Private equity firm BP Energy Partners, LLC (Dallas) has acquired Encino Environmental Services LLC (Alleyton, Texas), an environmental consulting and services business that provides carbon emissions benchmarking and mitigation strategies to achieve environmental, social and governance (ESG) goals. Encino specializes in emissions performance testing, leak detection and repair (LDAR), continuous emission monitoring systems (CEMs), and advanced environmental data and reporting software to measure and minimize emissions including methane monitoring and waste gas management.

 

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