Weekly Briefing EFCG's summary of this week's news across the A/E/C industry |
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| Employee volunteers from West Penn Power, a subsidiary of FirstEnergy Corp, will Celebrate Earth Day and Arbor Day with Tree Giveaway and Planting Events in Westmoreland and Armstrong Counties. 300 low-growing, flowering dogwood saplings were donated to the community on April 22nd. 200 oak and fir saplings will be planted on Arbor Day, April 29, by Green Team volunteers in a protected nursery plot near the Boy Scout camping area at Mammoth Park, a 400-acre Westmoreland County park in Mount Pleasant Township. “We are proud of our Green Team for its ongoing efforts that contribute to a cleaner environment for our customers and families in the communities we serve,” said Scott Wyman, president of FirstEnergy’s Pennsylvania operations. |
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Smart Road Pilot P3 Gets Green Light in Kansas - A city in Kansas has approved a 10-year pilot program to deploy a smart pavement technology at five intersections in a public-private partnership. The Kansas Department of Transportation first tested the technology on a section of Interstate 35 in 2013.
- Having previously allocated up to $2.2 billion for at least one new nuclear power plant by the end of 2025, the UK’s current 3,200-MW Hinkley Point C project has struggled to meet its latest 2026 completion deadline.
- Lenexa city council members approved a resolution to allow Integrated Roadways to begin designing the first of five intersections, accepting a $250,000 innovative technology program grant from KDOT.
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Transportation Department Announces Over $6 Billion to Reduce Transportation Emissions - The U.S. Dept. of Transportation is opening the door to a new Infrastructure Investment and Jobs Act program that authorizes $6.4 billion over five years for projects to reduce carbon emissions from transportation sources.
- The funds included in the Carbon Reduction Program (CRP) will go toward local and state projects aimed at reducing on-road highway-based carbon dioxide emissions, including the installation of infrastructure to electrify freight vehicles and improving the terrain for bicycles.
- The program also requires states to "suballocate" 65% of their annual shares of the Carbon Reduction Program funds to jurisdictions that range from those with a population of less than 5,000, to urbanized areas with more than 200,000 in population. The suballocations are to be proportional to their relative shares of a state's total population.
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April 1, 2022 GAI Consultants, Inc. (GAI), a Pennsylvania-based engineering, planning, and environmental consulting firm, has acquired PGH Petroleum & Environmental Engineers, LLC (PGH), a Texas-based provider of petroleum engineering, litigation support, and regulatory consulting services, as well as permitting services for the oil and gas industry. The acquisition of PGH will grow GAI’s client base, expand its petroleum engineering services, and help lead to opportunities in the upstream oil and natural gas market for GAI’s existing staff. EFCG served as the financial advisor to GAI in its acquisition of PGH. |
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April 20, 2022 Accenture, an Ireland-based professional services consulting firm, has announced its intent to acquire Greenfish, a Belgium-based engineering and advisory company specializing in sustainability consultancy services and engineering solutions to accelerate sustainable business transformation, from strategy to implementation. With the acquisition of Greenfish, Accenture will be able to expand its sustainability services and capabilities to address the growing needs of clients. The announcement comes two weeks after Accenture completed its acquisition of Avieco, a United Kingdom-based sustainability consultancy, and demonstrates Accenture’s strategy to further build out its Sustainability Services. |
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April 20, 2022 JS Global, LLC (JS Global), a Maryland-based construction services contractor specializing in anti-terrorism and force protection systems for Federal and private facilities and portfolio company of White Wolf Capital, LLC (White Wolf), has acquired Atlantic Design Group (ADG), a Washington D.C.-based provider of design-build services to federal clients. In acquiring ADG, JS Global is partnering with industry veterans Thanh Pham, Cheryl Stevens, and Craig Moyer, who will remain in their leadership roles following the acquisition. Joe Simpson, President and Co-Founder of JS Global, commented, "We look forward to leveraging ADG's leading design capabilities across the platform to better serve our clients. Additionally, ADG's long-standing track record of overseas work with Federal agencies will help enable JS Global to bring its AT/FP services to clients across the globe." |
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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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