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Report 3000: Global Environmental Market

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Pace Analytical acquires Braun Intertec lab

Pace Analytical Services Inc. (Minneapolis, MN), the second largest environmental testing company in the United States, announced that it has acquired the analytical chemistry laboratory of Braun Intertec (Bloomington, MN). According to Pace, Braun Intertec is one of the premier geotechnical, materials testing, and environmental consulting companies serving the upper Midwest region and offers industrial hygiene testing capabilities, which will expand Pace’s service offering. Pace will integrate the Braun analytical chemistry laboratory assets and personnel into its analytical laboratory facility in Minneapolis while establishing a service center for sample delivery and bottle pickup at Braun’s Bloomington office. In addition to selling the facility, “Braun Intertec is planning a long-term partnership with Pace Analytical to provide the majority of our analytical chemistry needs, and we look forward to working with Pace Analytical to provide superior service to our mutual clients,” said Jon Carlson, Braun Intertec’s CEO.

Last Updated on Tuesday, 29 July 2014

Stanley-Alberici JV win EPC contract for emissions control

A joint venture between Stanley Consultants (Muscatine, IA) and Alberici Constructors (St. Louis, MO) has received an engineering, procurement, and construction (EPC) contract from Alliant Energy to install air pollution control equipment at the Edgewater Generating Station in Sheboygan, Wisconsin. Under the contract, the value of which was not disclosed, the joint-venture team will install environmental controls that will reduce emissions of sulfur dioxide by approximately 90%. Stanley and Alberici will install a dual-train dry flue gas desulphurization system that is being designed and manufactured by Andritz Environmental Solutions, Inc., a unit of Andritz AG (Graz, Austria). The new control systems are expected to be operational by the fall of 2016.

Last Updated on Tuesday, 29 July 2014

Westervelt gets go-ahead for Alabama wetlands restoration

The U.S. Army Corps of Engineers has approved a plan by Westervelt Ecological Services (Auburn, AL) to restore wetlands and streams on 237 acres in Alabama’s St. Clair County. The restoration effort will generate credits for the Canoe Creek Mitigation Bank (CCMB) in the Middle Coosa watershed, which the Alabama Department of Conservation and Natural Resources has identified as the largest and most biologically diverse sub-watershed of the Mobile River Basin. Activities will encompass the restoration of the structure and function of 6,374 linear feet of stream and riparian buffer, including hardwood forests and forested slopes. The Coosa River Basin is home to 147 species of fish, including the Coldwater Darter, the Coosa Darter, the Holiday Darter, and the Pygmy Sculpin, all of which are unique to the basin.

Last Updated on Tuesday, 29 July 2014

GSE emerges from Chapter 11

The U.S. Bankruptcy Court for the District of Delaware has approved the reorganization plan of GSE Environmental, Inc. (Houston, TX), clearing the way for the maker of geosynthetic liners to emerge from Chapter 11 status in the near future, the company announced on July 28. Under the reorganization plan, GSE’s common stock has been canceled, and investment funds managed by Littlejohn & Co. and Strategic Value Partners will convert their first lien debt into equity, thereby becoming GSE’s new owners. “We are pleased to have reached this important milestone and look forward to exiting Chapter 11 shortly,” said Chuck Sorrentino, GSE’s CEO. “We have used this process to establish a new capital structure with a substantially stronger balance sheet. We expect to emerge as an even more competitive and well-capitalized company, with excellent liquidity and greater financial flexibility to accelerate our growth and continue to meet the evolving needs of our customers.”

Last Updated on Tuesday, 29 July 2014

White House launches $10 billion rural infrastructure fund

The Obama administration has launched a $10 billion loan fund that will be available to rural communities to support the development of water, power, and other infrastructure projects. The new U.S. Rural Infrastructure Opportunity Fund “means that we can begin to address aggressively the infrastructure deficit that exists in the United States in rural communities today,” U.S. Agriculture Secretary Tom Vilsack said in announcing the fund. He pointed to water projects in California as a priority target for investment. CoBank, a cooperative bank in Greenwood Village, Colorado, will serve as the fund’s anchor investor and has committed to provide the first $10 billion to the fund. Capitol Peak Asset Management, an investment firm with offices in Denver and Washington, DC, will manage the fund’s investments, while the Department of Agriculture will evaluate projects for investment.

Last Updated on Tuesday, 29 July 2014

EBI Newsletter

Weekly Archives

Week 31, 2014

Pace Analytical acquires Braun Intertec lab
Stanley-Alberici JV win EPC contract for emissions control
Westervelt gets go-ahead for Alabama wetlands restoration
GSE emerges from Chapter 11
White House launches $10 billion rural infrastructure fund
SF Bay communities to control discharges
EBJ Business Achiever of the Week: American Water

Week 30, 2014

SLR Consulting purchases South African consultancy
POWER Engineers acquires Burns and Roe
Plexus wins $22 million Air Force cleanup job
West Yost Associates acquires ECON
White House launches infrastructure initiative
DOE: Oak Ridge cleanup needs another $12 billion
Duke Energy says it has completed Dan River cleanup
EBJ Business Achiever of the Week: AECOM Technology

Week 29, 2014

AECOM to acquire URS
Chester Engineers acquires Bioengineering Group
Tetra Tech wins Power Africa contract
Kleinfelder acquires Alberta’s Hood Group
IBM steps in to help China on pollution
Geosyntec forms Green Harbor Energy division
GDF SUEZ subsidiary acquires Ecova
WWEMA warns of “buy American” provisions in WRRDA
ICF to restore habitat for U.S. utility
Perma-Fix awarded $8 million cleanup contract
EBJ Business Achiever of the Week: Louis Berger Group

Week 28, 2014

Conestoga-Rovers and GHD complete merger
Veolia to operate 25 treatment plants in Australia
TRC buys building sciences specialist
Abengoa leads major water project in TX
NV5 acquires Owner’s Representative Services
GE to acquire Monsal
California company to pursue WTE project in Iran
Versar acquires J.M. Waller
Caraustar expands in paper recycling
Sims Recycling seeks divestment options
EBJ Business Achiever of the Week: CH2M HILL

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