Description
Environmental Business Journal, Volume 35 Numbers 5/6: Q3 2022
Environmental Consulting & Engineering 2022
Environmental Business Journal’s annual compilation of annual revenue performance of over 700 environmental consulting & engineering firms from 2021—and EBJ’s resulting industry model is summarized in detail in this review. EBJ concludes a 5.2% growth rate in 2021, almost as high as the 5.7% growth in the gross domestic product in the United States in 2021. C&E industry growth exceeded GDP growth for the four previous years, as it has for much of the 21st century.
Megatrends of infrastructure investment, decarbonization, energy transition, ESG and digitalization are touched on, but strategic issues of what direction investment and ownership will likely come from, and the extent to which environmental service providers can be key leaders in energy transition and climate stability are debated.
Environmental Consulting & Engineering 2022 presents multiple tables and diagrams of industry and marketshare evolution, and the accompanying EBJ edition dataset provides more detail on the top firms and market breakdowns.
Table of Contents
The Environmental Consulting & Engineering Industry shows resilience in the face of economic headwinds in 2022 after posting 5.2% growth in 2021. Firms face the challenges of widening demands by clients, industry redefinition and changing competitive factors, and seek to leverage benefits of long-awaited federal investment
SNC-Lavalin Defines the Discipline of Decarbonomics as an End-to-End Tool to Decarbonize Clients’ Full Estates in the Built Environment 13
ROG + Partners ‘s Steve Gido Gleans Perspective on a ‘Confident and Resilient’ A/E Industry in a Mid-Year Outlook; Leaders Take on DEI and STEM 16
2022 Data on Valuation Trends: Ian Rusk of Rusk O’Brien Gido + Partners and Joe Smetona of AEC Advisors Confirm M&A Values are Holding in 2022 18
Geosyntec-Blackstone Deal Shows the Allure of AEC Industry Growth for Private Equity; Deal Models Enable Resources for M&A and Employee Ownership 20
Geosyntec Reflects on Organic vs. Acquisition Growth and Preserving Its Employee Ownership Culture in Ownership Transition with Blackstone Energy Partners: Executive Q&A with Geosyntec Senior Executives Peter Zeeb and Evan Cox 22
Inframark Balances Organic Growth in Water O&M with M&A and Strategic Partnerships; Boosts its Scada Portfolio with Acquisitions 26
McKinsey Experts on SEC Climate Risk Disclosure Provide Strategic and Market Perspective on Proposed Rules and Insight on Role of Management Consultants 28
Vanguard Renewables Has Aggressive Expansion Plans in Anaerobic Digestion 32
Ecobot Works to Digitalize Environmental Project Workflow; Carbon Rules Drive the Race for Software Innovation 34
Exhibits
Annual Growth in Environmental Services vs GDP, 1990-2022
U.S. Environmental Industry: Revenues by Media in 2021 in $Billions
U.S. Environmental Consulting & Engineering Industry Size in $ Billions and Annual Growth: 1994-2023e
Percentage of U.S. Environmental Consulting & Engineering Firms Reporting Annual Growth or Decline: 2009-2021
Revenue Performance of U.S. Environmental Consulting & Engineering Firms in 2014-2021
Distribution of U.S. Environmental Consulting & Engineering Firms in 2021
Share of $100-Million Firms in the U.S. C&E Industry 1990-2021
Growing Share of the Top Ten Firms in U.S. C&E Industry in 2021
Share of the Top 10 to 200 Firms in the U.S. C&E Industry in 2021
Top 5 & 10 U.S. Environmental C&E Firms (Gross Environmental C&E Revenues in $mil)
Top 56 U.S. Environmental C&E Firms in 2021 by Revenue in $mil
Estimated 10-Year Energy Transition Spending in Inflation Reduction Act and Bipartisan Infrastructure Law
Results from the EBJ Mid-Year 2022 IIJA Project Survey
Infrastructure Investment and Jobs Act (IIJA) Project Areas of Interest
Most Likely IIJA Project Partners
U.S. Environmental Consulting & Engineering Industry by Client Sector: 2016-2022
U.S. Environmental Consulting & Engineering Industry by Media: 2016-2022
2022 Ratings & Ranking of Environmental Markets by Client Type: 2019-2022
Enterprise Value / EBITDA by Size
Increase in M&A Valuations in AEC Firms: 2018-2022
Historical M&A Valuation Trends by Size: 2018-2022
For more information on the Environmental Industry, click here to visit the EBJ homepage.
