Weekly Briefing EFCG's summary of this week's news across the A/E/C industry |
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| POWER Engineers has officially partnered with Engineers Without Borders USA (EWB), a nonprofit humanitarian organization that provides pro-bono engineering services to underserved communities in 39 countries worldwide, including in the United States. POWER's partnership takes the form of a financial commitment as well as a role on the EWB Advisory Board and resources to assist employees in joining one of 200 local chapters in North America. Several POWER employees have volunteered for both domestic and international projects with EWB, and the POWER Foundation has previously provided funding to various university EWB chapters. |
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Biden Administration Launches Rural Infrastructure Tour - The Biden administration officially launched a rural infrastructure tour that will allow them to visit communities that have roads and bridges in need of rehabilitation.
- White House officials will visit Alaska, Colorado, Indiana, Iowa, Pennsylvania, Washington, and West Virginia to promote the Infrastructure Investment and Jobs Act's impact in rural areas.
- On Monday, the Biden administration also released a Bipartisan Infrastructure Law Rural Playbook that breaks down opportunities for rural areas in the IIJA as a resource for state, local, tribal and territorial governments and provides information on the "what, when, where, and how to apply" for funding under the infrastructure law.
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EPA Updates Five Metro Areas to 'Severe' Smog Status, Requiring Added Protections - Five major U.S. metro areas could be required to develop plans to reduce air pollution after the U.S. Environmental Protection Agency determined that they failed to meet air quality standards for ground-level ozone.
- The EPA proposed to reclassify metro Chicago, Dallas, Denver, and New York City from "serious" to "severe," the second-highest level after "extreme" on its five-level scale, which could tighten permitting rules for specific projects in those areas.
- Under the federal Clean Air Act, states need to implement measures to curtail smog and protect public health when the EPA reclassifies areas within them. Such efforts include expanding the list of stationary sources of emissions that require preconstruction permits for any new construction or modifications, such as power plants and manufacturing plants.
- The EPA's proposal says that states must submit plans on how they will achieve the standards as quickly as possible, with a deadline to reach attainment by July 20, 2027.
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April 8, 2022 August Mack Environmental, Inc. (August Mack), an Indiana-based environmental, health, and safety (EH&S) consulting firm providing regulatory compliance, environmental due diligence, and remediation services., has acquired Comstock Environmental Services, LLC (Comstock Environmental), a Pennsylvania-based EH&S consulting firm and subsidiary of Comstock Holding Companies, Inc. (Comstock). Comstock Environmental's acquisition will help support August Mack's EH&S services, particularly around the greater-Philadelphia area. EFCG represented Comstock in its sale of Comstock Environmental. |
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April 12, 2022 Buro Happold, Inc. (Buro Happold), a United Kingdom-based professional services firm that provides engineering consultancy, design, planning, project management, and consulting services for buildings, infrastructure, and the environment, has acquired Abell Nepp, a United Kingdom-based laboratory planning and design consulting firm operating in the science and higher education sectors. The acquisition of Abell Nepp will help to expand Buro Happold's capabilities, particularly within the healthcare, science, and technology sectors. Since last year, Buro Happold has acquired three other firms (not including Abell Nepp) as it looks to grow through acquisition. |
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April 13, 2022 KPMG International, Inc. (KPMG), a Netherlands-based consulting firm and Big Four accounting firm, has acquired KMCS, an Ireland-based multidiscipline construction consultancy group offering a range of project management, cost management, and advisory services. The acquisition will expand KPMG's advisory service capabilities and operating footprint by integrating KMCS's cost and project management expertise in Ireland and internationally. Seamus Hand, Managing Partner of KPMG in Ireland, commented, "We believe that the acquisition of KMCS is a great opportunity, representing another component of our growth strategy." |
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About EFCG We are uniquely positioned with 30+ years proprietary industry data from 500+ private & public firms. We are proud to be the trusted advisor to the A/E/C industry. |
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| | | This Week's Briefing by: Clay Han chan@efcg.com |
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