Report 4800: Climate Change Adaptation

Adaptation will grow to a $1bil. industry in the U.S. by 2015, followed by exponential growth once design & construction of adaptation measures begin - $995

Report 3000: Global Environmental Market

Regional analysis & projections covering countries in N. America, Latin America, Europe, Russia, Asia, Middle East, Japan, Australia/NZ, and Africa - $1,995

Stantec to acquire Dessau’s engineering operations

Consulting, engineering, and design firm Stantec (Edmonton, Alberta) and engineering/construction firm Dessau (Montreal, Quebec) have reached an agreement under which Stantec will acquire Dessau’s engineering operations. Through the deal, Stantec will gain 1,300 employees at 20 offices in Quebec and at offices in Mississauga and Ottawa, Ontario. “With nearly 25% of the Canadian population and a large infrastructure market, expanding in Quebec represents a substantial, long-term opportunity for us in a growing market,” said Bob Gomes, Stantec’s president and CEO. “Dessau’s engineering expertise will provide a geographic complement to our work, which will strengthen our overall expertise in healthcare, water, power and energy, roadways, bridges, airports, transit/rail, and community development sectors, as well as introducing telecommunications and security services as part of the broader Stantec platform.” The companies expect to close the deal during the first quarter of 2015.

Last Updated on Wednesday, 01 October 2014
 

Tetra Tech to exit fixed-price cleanup business

Updating its previously announced plan to restructure its Remediation and Construction Management (RCM) business segment, Tetra Tech, Inc. (Pasadena, CA) announced on September 24 that it has completed a strategic review of the RCM segment and decided to retain its core environmental remediation, pipeline, solid waste, and utilities-related activities, but that it will exit all construction markets that require lump-sum, fixed-price bidding. The business operations to be exited, which represent about 50% of the RCM segment revenue and approximately 15% of total company revenue, constituted the highest-risk and lowest-return work within the company and will be sold or closed during the 2014 calendar year, Tetra Tech said. “This review has resulted in Tetra Tech being more strategically focused on the front-end science and engineering aspects of a solution that differentiate us in the marketplace, and are the hallmark of our offering,” said Dan Batrack, Tetra Tech’s chairman and CEO. “After these actions, Tetra Tech will be positioned to generate higher operating margins, improved cash flow, and the consistent performance that is characteristic of our front two segments.”

Last Updated on Wednesday, 01 October 2014
 

TRC acquires NOVA Safety & Environmental

TRC Companies, Inc. (Lowell, MA) has acquired NOVA Safety & Environmental (Midland, TX), a provider of environmental, safety training, oil spill response, remediation, and oil field construction services to the oil and gas industry. NOVA employs 60 professionals and generated gross revenue of $16.5 million during 2013. “The acquisition of NOVA further enhances TRC’s position in the robust oil and gas market,” said TRC Chairman and CEO Chris Vincze. “NOVA is a profitable and growing company with an impeccable safety record that delivers best-in-class services. NOVA’s presence in the Permian Basin region of West Texas and New Mexico also offers TRC significant opportunity for growth and cross-selling of additional services.” Todd Hebert, CEO of NOVA, commented, “with its strong national presence, resource base, and engineering expertise, TRC is an ideal home for NOVA, and together we will capitalize and expand on business development opportunities within existing and new markets.”

Last Updated on Wednesday, 01 October 2014
 

GLV to sell paper division to focus on water

GLV Group (Montreal, Quebec) has signed an agreement to sell its pulp and paper business segment to a company owned by GLV Executive Chairman Laurent Verreault and GLV President and CEO Richard Verreault in a transaction valued at $65 million CAD (about $58.3 million U.S.). Under the terms of the deal, the Verreaults will pay $60 million CAD in cash for the operations and accept a transfer of $2 million in debt to the family, which will pay the remaining amount of the consideration over a 42-month period after the close of the transaction. Following the completion of the deal, GLV will change its name to Ovivo and will be solely focused on the water treatment technology business. The Verreault family will continue to be shareholders in Ovivo. “Over the past years, GLV has solicited and received expressions of interest for the pulp and paper division, none of which were superior to today’s proposed transaction,” said Marc Courtois, chairman of GLV’s committee of independent directors. “The sale of this division represents an opportunity for GLV to become a pure water treatment company and utilize the net proceeds to redeploy in Ovivo’s higher-growth opportunities.”

Last Updated on Wednesday, 01 October 2014
 

Green Group Holdings opens WY disposal facility

GGH Wyoming, LLC, a unit of Green Group Holdings, LLC (Canton, GA), has formally announced the opening of the Grasslands Environmental disposal facility near Bill, Wyoming, to serve the waste disposal needs of the oil and gas exploration and production (E&P) companies operating in the state. The Grasslands Environmental facility consists of a pull-through commercial oilfield wastewater disposal facility (COWDF), an industrial landfill, a non-potable water supply well, and two Class I injection wells. The 482-acre facility also contains approximately 10 million cubic yards of permitted airspace for the disposal of solid waste generated by E&P operations. “When we first conceived of Grasslands, we wanted to create a turnkey facility to fully serve our customers’ needs, but we also wanted to be as forward-looking as possible by using the latest features and technologies to ensure maximum environmental safety and operational efficiency,” said Ernest Kaufmann, president of Green Group Holdings. “That’s why Grasslands Environmental was built from the ground up by a team of talented, highly qualified professionals with decades of experience in the waste, recycling, energy and development industries.”

Last Updated on Wednesday, 01 October 2014
 

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