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EBI News for March 4, 2021- Million Dollar Awards & Deals

EBI News for March 4, 2021- The following section contains the latest news stories in the environmental industry. Including million dollar awards and deals, acquisitions, and the U.S. EPA addresses PFAS in drinking water.


WSP acquires EarthCon

2020 Environmental Group announced that Earth Consulting Group (EarthCon, Atlanta, Ga.), a 90-employee environmental and engineering consulting firm with offices in Georgia, Texas and California, has been acquired by WSP (Montreal, Quebec). 2020 initiated the transaction and served as M&A advisor to EarthCon which will add specialized technical expertise in remediation to WSP, in addition to strengthening WSP’s capabilities in strategic environmental engineering and consulting, compliance, due diligence, and data management. The deal also expands WSP’s geographic presence in the southeastern United States. WSP clients will have access to EarthCon’s proprietary Groundwater Plume Analytics tools.

Stantec targets 30% reduction in real estate footprint

Stantec (Edmonton, Canada) reported net revenue for the full year ended December 31, 2020 was comparable to the prior year, with a slight decrease of 0.7% or $26.8 million, mainly due to organic retraction of 1.8%. Organic growth was achieved in its Energy & Resources and Water businesses. Other businesses and regions experienced nominal retractions, with the exception of Buildings, which retracted 7.2% due to pandemic-related disruptions. Year over year, contract backlog grew organically by 3.1%. Stantec’s full-year adjusted net income increased 10.6% to $248.9 million. Gord Johnston, president and CEO, noted that in the fourth quarter the company embarked on a key element of its strategic plan to drive operating efficiency by targeting approximately a 30% reduction in existing real estate footprint by the end of 2023: “In addition to reducing our office-based emissions in support of our carbon neutrality and net-zero goals, the redirection of capital deployed to real estate will drive an immediate and material increase to net income. As a result, we have increased our earnings guidance for 2021.”

Aegion to be taken private in $963 million deal

Pipeline rehab company Aegion Corporation (St. Louis, Mo.) is merging with affiliates of New Mountain Capital LLC in a transaction valued at approximately $963 million that will result in Aegion becoming a private company. The buyer will acquire all outstanding shares of Aegion common stock for $26 per share in cash, representing a premium of approximately 21% over Aegion’s stock price on its last trading day in February. Other New Mountain portfolio companies in water, power, infrastructure and renewables include Inframark, TRC Companies, and Pearce Services. The transaction is expected to close in the second quarter of 2021 subject to approvals.

Study shows stormwater funding gap

The U.S. stormwater sector faces an estimated $8.5 billion annual funding gap, according to a survey by the Water Environment Federation (WEF) based on data collected from more than 800 systems in 47 states, the District of Columbia, and Puerto Rico. Municipal governments annually spend an estimated $18 billion to $24 billion on stormwater infrastructure and programs. The 2020 annual funding gap represents a 10% increase over the funding gap identified in WEF’s 2018 survey. The survey features a new online tool to filter data by permittee type, region, and other characteristics. Stormwater is one of the fastest growing sources of water pollution in many waterways across the United States, WEF said.

ClearStream announces $150M in awards

ClearStream Energy Services Inc. (Calgary, Alb.) announced several new project awards and contract renewals with major upstream, midstream and downstream energy companies across North America since October, estimated to generate approximately $150 million in backlog. Approximately one-third of this amount relates to a new five-year contract to provide turnaround and maintenance services for a major oil sands production company. Work will be executed by ClearStream’s Flint, ClearWater, Environmental, Universal Weld Overlays and Wear Technologies divisions. To accelerate its turnkey asset retirement services ClearStream has re-branded its environmental services as Flint Environmental Services.

Tetra Tech garners USACE and USAID contracts

U.S. Army Corps of Engineers (USACE) has awarded a Tetra Tech-led joint venture a $60 million five-year, multiple-award contract to assess and manage risks for dams and levee systems throughout the United States. Tetra Tech (Pasadena, Calif.) engineers will perform site characterization studies, engineering evaluations, and hydrologic analyses. Also in February, Tetra Tech announced a five-year, $38.8 million, single-award contract from United States Agency for International Development (USAID) to support Indonesia in delivering reliable and sustainable energy services. Tetra Tech will also work with USAID and the Government of Indonesia to achieve sustainable development goals in the energy sector.

ALL4 expands into California environmental consulting with Env Holding

All4 LLC (Philadelphia, Pa.) has completed its first West Coast acquisition and third overall, buying the business of Env Holding Corp (EHC, Rancho Cucamonga, Calif.). Formerly a division of JECSI, EHC was spun off in 2015 and is an environmental, health, and safety (EHS) consultancy primarily serving California clients since 1989. EHC will be known as ALL4’s California Region and will strengthen ALL4’s technical EHS multimedia support to industrial clients on the West Coast. ALL4’s core services are in the air-quality consulting segment.

Clean Harbors reports Q4 performance led by environmental services

Clean Harbors Inc. (Norwell, Mass.), a provider of environmental and industrial services throughout North America, reported Q4 revenues of $796.2 million ended December 31, 2020. “While Q4 is typically a seasonally weaker period for Clean Harbors, our revenue grew nearly $17 million sequentially from the third quarter as some of our end markets continued their recovery from the pandemic,” said Alan S. McKim, chairman, president and CEO. “Our performance in the quarter was again led by our Environmental Services segment, where we achieved better-than-expected results due to a combination of high-value waste streams in our disposal network, strength in COVID-19 decontamination work and ongoing cost controls.”  Revenue from COVID-19 decontamination work totaled $31 million in the quarter, reflecting the late-year surge from the pandemic, with the company completing nearly 14,000 COVID-19 responses in 2020. Full-year revenues were $3.14 billion compared with $3.41 billion in 2019.

EPA takes action to address PFAS in drinking water

The U.S. Environmental Protection Agency (EPA) issued two actions to protect public health by addressing per- and polyfluoroalkyl substances (PFAS) in drinking water. EPA is re-proposing the Fifth Unregulated Contaminant Monitoring Rule (UCMR 5) to collect new data on PFAS in drinking water, and reissuing final regulatory determinations for perfluorooctanoic acid (PFOA) and perfluorooctanesulfonic acid (PFOS) under the Safe Drinking Water Act (SDWA).  With the final Regulatory Determinations for PFOA and PFOS, EPA will move forward to implement the national primary drinking water regulation development process for these two PFAS. Additionally, the proposed UCMR 5 would provide new data needed to improve EPA’s understanding of the frequency that 29 PFAS are found in the nation’s drinking water systems and at what levels.

ENERCON acquired by private equity firm

AE Industrial Partners LP has acquired Enercon Services Inc. (Kennesaw, Ga.), an engineering and environmental services firm focused on the energy and industrial markets. Founded in 1983, Enercon has 22 locations in the United States as well as a facility in Abu Dhabi, UAE. “AE Industrial is very active in the engineering services sector across all of our target markets, including aerospace, defense, government services and power generation. We are pleased to partner with Enercon, which provides a full range of engineering services across a variety of energy markets,” said Michael Greene, managing partner at AEI. Terms were not disclosed.

TerraTech Engineers joins NV5

NV5 Global Inc. (Hollywood, Fla.), a provider of compliance, technology, and engineering consulting, acquired TerraTech Engineers Inc. (Raleigh, N.C.), strengthening its geotechnical, environmental, and materials testing capabilities in the Southeast. Founded in 1990, TerraTech’s 50 employees serve state and local governments and private clients in North Carolina, South Carolina, and Georgia. TerraTech’s founder and management team will continue with NV5 after the acquisition. The acquisition was made with a combination of cash and stock.

ERM CVS becomes global training partner for EcoVadis

ERM CVS, a sustainability consultancy that is part of the ERM Group (London, UK), has become a certified partner of EcoVadis (Paris, France), a provider of business sustainability ratings for global supply chains. EcoVadis’ sustainability scorecards provide procurement and supply chain teams detailed insight into environment, labor and human rights, ethics and sustainable procurement across 200 purchasing categories and 160 countries. ERM CVS will help educate suppliers on the EcoVadis CSR assessment in order to improve their sustainability performance and practices.


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