EBI News for May 11, 2023 – EA Selected for USACE in Situ Thermal Remediation contract
EBI News for May 11, 2023 – The following news section contains the latest stories for the environmental industry. Including, EA selected for USACE in situ thermal remediation contract, acquisitions, and more!
Montrose Environmental to acquire Matrix Solutions of Canada
Montrose Environmental Group Inc. (Little Rock, Ark.) is acquiring environmental and engineering consulting company Matrix Solutions Inc. (Calgary, Alberta). Founded in 1984, employee-owned Matrix has 570 employees and 19 offices. Its three main service lines are Contaminated Site Assessment, Remediation and Reclamation; Environmental Sciences and Regulatory Planning; and Water Resources Engineering and Management. “Matrix will form the platform for our consulting business in Canada,” said Doug Matthys, president of Montrose’s Consulting & Engineering division. “Within Canada, Matrix is recognized as a leading pure-play environmental solutions platform, offering a wide-range of services to compete against large-scale competitors, while having the regional expertise and personal touch to compete with local niche players.” Montrose reported revenue of $544.4 million for 2022.
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EA selected for USACE in situ thermal remediation contract
EA Engineering, Science, and Technology Inc. PBC (Hunt Valley, Md.), a provider of interdisciplinary environmental services, has been awarded an Indefinite Delivery/Indefinite Quantity (IDIQ) remediation services contract with the U.S. Army Corps of Engineers (USACE) – New England District. This single award task order contract covers a five-year term and is valued at up to $25 million. The first task order, with an awarded value of more than $8 million, is to provide design and execution of in situ thermal remediation at the Former Nike Battery PR-58 and former defense site in North Kingstown, R.I. The team will include TerraTherm Inc., representing its third federally funded project award with EA in the past year.
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Europe’s largest 3D modular homes facility to be built in the UK
Modular house builder TopHat (London, UK) has raised £70 million to build Europe’s largest modular housing factory, where it plans to manufacture up to 4,000 ultra low-carbon homes a year. The new factory will be the size of 11 soccer pitches and capable of delivering one house every hour. British house builder Persimmon and insurance company Aviva led the round; TopHat is majority owned by Goldman Sachs. The modular construction market was valued at $131.6 billion in 2021 and is projected to reach $234.6 billion by 2031, registering a CAGR of 6.1% from 2022 to 2031, according to a new report announced by ResearchAndMarkets.com.
Joint venture to assess PFAS-impacted Army installations
Arcadis (Amsterdam, Netherlands) in a joint venture with managing partner AECOM (Dallas) announced it has been selected to conduct remedial investigations and feasibility studies at U.S. Army National Guard sites nationwide where PFAS releases have occurred. The overall value of the single-award task order contract to the joint venture is $99 million. Individual projects will be awarded to the joint venture over five years.
USDA announces $36M to improve roads, trails and water quality
The United States Department of Agriculture (USDA) is announcing investments of more than $36 million in nearly 100 projects to improve water quality, roads, trails, bridges and fish habitat in national forests and grasslands nationwide. The investment is part of President Biden’s Investing in America agenda and made possible by the Bipartisan Infrastructure Law. Funds will be delivered by the USDA Forest Service through its Legacy Roads and Trails Program.
Stantec to lead habitat restoration plan in Texas
Stantec (Edmonton, Canada) has been selected by the City of Port Aransas in Texas to lead a restoration plan for 13.5 acres of ecosystems within the Nature Preserve at Charlie’s Pasture. The area has been submerged due to breached shorelines resulting from Hurricane Harvey’s damage in 2017. Stantec will spearhead planning and management to benefit wildlife ecosystems and visitor use while building resilience mechanisms for future storm surge. “The Texas coast and barrier island marshes like Port Aransas are valuable and nutrient-rich ecosystems that have some of the highest species diversity in the Gulf of Mexico,” said Stephanie Rodgers, coastal engineer at Stantec.
Engineers lead $70M project to turn desert shrub into rubber
Researchers at the University of Arizona are teaming up with Bridgestone Americas Inc. (Nashville, Tenn.) to develop a new variety of natural rubber from guayule, a hardy perennial shrub. The U.S. Department of Agriculture granted $35 million for the project with an equal match from Bridgestone tire company to help growers transition to guayule crops. Rubber is currently sourced from a single species – Hevea brasilensis or rubber tree – grown almost exclusively in Southeast Asia. The goal for Bridgestone and other tire companies is to find reliable, domestic sources of rubber, according to Kim Ogden, head of the University’s Department of Chemical and Environmental Engineering and principal investigator on the five-year project.
Clean Harbors achieves first quarter revenue growth of 12%
Clean Harbors Inc. (Norwell, Mass.) opened 2023 with a strong first quarter led by its Environmental Services (ES) segment. Revenues increased 12% to $1.31 billion for the quarter ended March 31, 2023, up from $1.17 billion in the same period of 2022. Environmental Services revenues increased 13% year-over-year. “Favorable market dynamics continue to drive record levels of demand across nearly every business line in our ES segment,” said co-CEO Eric Gerstenberg, including 9% revenue growth in Industrial Services and 18% growth in Safety-Kleen Environmental Services. Incineration and landfill prices remained strong in the quarter. Clean Harbors’ ES segment provides hazardous and non-hazardous material management services at company-owned recycling, incineration, landfill, wastewater, and other treatment facilities.
Covanta solidifies environmental services with Circon Environmental
Covanta (Morristown, N.J.) has closed the acquisition of Circon Environmental (La Porte, Texas), marking the eighth acquisition in Covanta’s expansion plans following the company’s purchase by EQT’s Infrastructure fund. This is Covanta’s largest single acquisition in recent history, bringing approximately 600 employees, 2,500 industrial customers, and more than 20 sustainable materials management facilities across the Midwest, Southeast and Gulf Coast. “With the acquisition of Circon, we have rapidly accelerated our path to becoming the premiere leader of sustainable materials management. Circon’s stunning suite of carbon negative solutions is a gamechanger for Covanta,” said Covanta’s President and CEO Azeez Mohammed.
Parsons reports strong first quarter 2023 results
Parsons (Centreville, Va.) reported record revenue of $1.2 billion for the first quarter ended March 31, 2023, representing a 24% increase year-over-year. The increase was primarily driven by organic growth of 12% due to higher volume on new and existing contracts. The company’s Xator acquisition contributed approximately $112 million of revenue in the first quarter. Parson reported three single-award contracts worth more than $100 million each in the first quarter. These included an additional $214 million to continue overseeing remediation projects for the Giant Mine program in Canada, one of the largest mine reclamation projects in the world, and a $164-million four-year contract with the Army Corps of Engineers to deliver a new Explosive Decomposition Chamber facility at Holston Army Ammunition Plant in Tennessee — part of the Army’s long-term $16-billion plan to modernize U.S. depots, arsenals, and ammunition plants.
Atwell expands environmental capabilities in Florida with DexBender
National consulting, engineering, and construction services firm Atwell (Southfield, Mich.) has acquired Dexter Bender & Associates Environmental Consulting (DexBender, Fort Myers, Fla.), an environmental and marine consulting firm. DexBender provides protected species assessment, wetland mitigation, preserve monitoring and compliance, state and federal wetland permitting, and other environmental services. This is Atwell’s fifth acquisition in the last six months.
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