EFCG Weekly Briefing: Week of August 29, 2022

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Friday, September 2, 2022


Community Impact

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The GHD Foundation -- in collaboration with General Motors, PPG, the Children’s Environmental Literacy Foundation (CELF), and Hamtramck Public School -- sponsored and participated in the inaugural Hamtramck Parks Conservancy STEAM Camp in Hamtramck, Michigan. The 3-day camp allowed students of ages 9-14 interested in STEM to learn various tools and practices surrounding science, arts, and sustainability. Campers were immersed in interactive learning with focus topics including circular economy, the lifecycle of products, creating do-nothing machines out of recyclables, and how to make a difference as future sustainability leaders.

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Industry News & Updates

Nuclear Power’s Rebound Causes Rift Among Environmentalists

  • While many environmental groups and green political parties in the U.S., Canada, and Europe have long opposed nuclear power as dirty and risky, a new generation of climate activists argue that nuclear power can be a valuable low-emission alternative to fossil fuels.

  • In the wake of the ongoing war in Ukraine, some countries -- such as the U.K., France, and Canada -- have pledged to increase their nuclear-power capacity as an alternative to Russian energy and more polluting energy sources, such as coal.

  • The United States has also allocated $6 billion to rescue nuclear power plants at risk of closing, citing the need to continue nuclear energy as a carbon-free source of power.

  • Established environmental groups, including Greenpeace, the Sierra Club, and 350.org, remain deeply wary of nuclear power, pointing out the threat of a nuclear accident and the high cost of building plants.
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TxDOT Announces Ten-Year, $85B Highway Spending Plan

  • The Texas Dept. of Transportation (TxDOT) will spend a record $85 billion on highway construction over the next ten years under the state’s 2023 Unified Transportation Plan (UTP) announced on August 29th.

  • Developed in collaboration with elected officials, local planning organizations, and the public, the UTP guides the development of work to address transportation needs statewide and will fund a wide range of rural and urban projects, as well as critical connectivity corridors, that TxDOT has identified as being the most congested in the state.

  • Funding for the 2023 UTP projects will come from legislative and voter-approved initiatives that allocate portions of oil and gas taxes, sales taxes, and other money to the state highway fund.
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M&A Updates

August 24, 2022

Trilon Group (Trilon), a Colorado-based infrastructure consulting services platform and portfolio company of Alpine Investors, has partnered with Alta Planning + Design, Inc. (Alta), an Oregon-based active mobility and sustainability consulting firm providing planning and design work with a focus on climate change mitigation, traffic safety, and the future of human-powered mobility. The addition of Alta supports Trilon's growth initiatives in continuing to build a comprehensive, high-quality family of complementary infrastructure consulting businesses across the nation and remains focused on delivering innovative and sustainable infrastructure solutions. Conversely, Alta will benefit from Trilon's capital and resource support to expand its M&A strategy and organic growth through the addition of talented staff, investment in technology, and expansion of its sustainability practice and racial/social justice focus.

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    August 29, 2022

    Environmental Systems Group, an environmental services platform established by Bernhard Capital Partners Management, LP (BCP), has announced the acquisition of BEM Systems, Inc. (BEM), a New Jersey-based consulting, engineering, and information management firm providing comprehensive environmental services to federal, state, and local government agencies and commercial clients. In addition to expanding Environmental Systems Group's geographic reach into the Northeast and Alaska regions, the acquisition of BEM will enhance the platform's capabilities with consulting and technology-enabled service verticals. The transaction also complements BCP's recent acquisition of KC Harvey Environmental, a Montana-based environmental and natural resources consulting, land reclamation, and field services firm, which allowed BCP to launch Environmental Systems Group in July 2022.  

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      August 29, 2022

      Bowman Consulting (Bowman), a Virgina-based multi-disciplinary professional services firm, has acquired Anchor Consultants LLC (Anchor), a Pennsylvania-based engineering consulting firm specializing in planning, inspection, design, environmental permitting, dredging engineering, and construction management services for waterfront infrastructure along coastal and inland waterways. The acquisition of Anchor will help expand Bowman's waterfront planning, design, and engineering expertise and capitalize on cross-selling opportunities with current and new clients. Bowman expects the Anchor acquisition to initially contribute approximately $2.5 million of annualized net service billing and be immediately accretive.

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        August 30, 2022

        DarkPulse, Inc. (DarkPulse), a New York-based technology company focused on laser sensing systems for assessing the health and security of infrastructure, has acquired Remote Intelligence LLC. (Remote Intelligence), a Pennsylvania-based provider of unmanned aerial drone systems and consulting services, and Wildlife Specialists LLC (Wildlife Specialists), a Pennsylvania-based natural resource consulting firm focused on providing expert services related to wildlife and their habitats. The acquisitions of Remote Intelligence and Wildlife Specialists will allow DarkPulse to enhance and expand its service capabilities through its subsidiary, Optilian. Together, the two assets will offer fully integrated, geo-rectified 3-D modeled mapping for industrial applications, border security, and critical infrastructure inspection, with specializations in the energy, environmental, and oil & gas industries.

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          4915 West 31st Avenue
          Denver, Colorado 80212
          efcg@efcg.com
          212.752.2203


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