EFCG Weekly Briefing: September 30, 2022

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Mergers & Acquisitions    |    Advisory    |    Conferences    |    About EFCG
77243189-33c2-d33c-b021-400b5fd768b7

Week of September 26, 2022


EFCG 33rd Annual CEO Conference

IMG_5576

EFCG hosted the 33rd Annual CEO Conference in New York City, NY on September 28 – 30, 2022. The conference kicked off with EFCG Managing Partner, Rebecca Zofnass, delivering EFCG's signature AEC Industry Overview. Other conference sessions and panels focused on topics such as Sustainability, M&A, Innovation, Tech & Talent, and Post-Merger Integration. We are delighted to also share that Kate Harris, President, CEO, and Chair of Stanley Consultants, was awarded 2022 CEO of the Year for her innovative approach and out-of-the-box thinking that have transformed Stanley Consultants, and further advanced the AEC industry. 

EFCG would like to thank everyone who attend this year’s CEO conference (both in-person and virtually), as well as all our sponsors for their continued partnership! We look forward to seeing everyone again next year!

Read More

Industry News & Updates

Senate Advances Stopgap Funding Bill After Removing Joe Manchin’s Permitting Overhaul

  • In an effort to advance a must-pass funding bill, West Virginia Senator Joe Manchin agreed to withdraw his proposal that would speed up permitting processes for the building of new energy projects.
  • Lawmakers from both parties have criticized the Manchin proposal, with Republicans saying it didn’t go far enough to remove permitting hurdles to quickly build energy projects and Democrats arguing that speeding up oil and gas projects could risk damaging ecosystems and compromise the health of nearby residents.
  • The announcement to remove Mr. Manchin’s proposal came just ahead of a planned vote on the short-term spending bill, extending current government funding levels until December 16th and preventing a partial government shutdown.
  • Despite the setback, Mr. Manchin maintains that the legislation would reduce U.S. reliance on foreign energy sources, lower energy costs and help project developers bring much-needed electricity generation and transmission infrastructure online.
Read More

United States Considers Coal to Nuclear Plant Conversion Potential

  • The United States Department of Energy (DOE) is looking into the possibility of converting coal power plant sites to nuclear in a bid to boost the country's net zero drive.
  • The DOE has released a report showing that hundreds of United States coal power plant sites could be converted to nuclear power plant sites, adding new jobs, increasing economic benefits, and significantly improving environmental conditions.
  • After screening recently retired and active coal plant sites, the study team identified 157 retired coal plant sites and 237 operating coal plant sites as potential candidates for a coal-to-nuclear transition -- Of these sites, the team found that 80% are good candidates to host advanced reactors smaller than the gigawatt scale.
Read More

M&A Updates

September 23, 2022

Tetra Tech, Inc. (Tetra Tech), a California-based consulting and engineering services firm, has reached an agreement to acquire all issued and to be issued shares of RPS Group plc (RPS Group), a United Kingdom-based professional services firm focusing on the property, energy, transport, water, resources, defense and government services sectors. The acquisition of RPS Group will expand Tetra Tech’s water practice in the U.K. and enhances Tetra Tech’s position in renewable energy and environmental management. Tetra Tech's all-cash offer, which prices all issued and to be issued shares of RPS Group for 222 pence per share ($2.39 per share), was unanimously recommended by the Board of Directors of RPS Group.  

    Read More

    September 27, 2022

    Haley Ward, Inc. (Haley Ward), a Maine-based technical consulting firm, offering a range of engineering, environmental, and surveying services, has acquired Lenard Engineering, Inc. (Lenard), a Connecticut-based multi-discipline engineering and environmental firm. The acquisition of Lenard expands Haley Ward's operating footprint within the New England region and adds depth to its technical service lines. 

      Read More

      September 28, 2022

      ENTACT, LLC (ENTACT), an Illinois-based provider of environmental remediation and geotechnical services and a portfolio company of investment affiliates of J.F. Lehman & Company (JFLCO), has acquired USA Environment, LP (USA Environment), a Texas-based environmental remediation and industrial services firm. The acquisition of USA Envrionment enhances ENTACT's capabilities and service solutions, while significantly expanding its customer base and presence throughout North America. USA Environment offers a suite of specialized capabilities that also includes unique solutions for radiological and naturally occurring radioactive materials ("RAD/NORM") for clients across a variety of end markets including public infrastructure, specialty chemical, manufacturing, energy, mining, and brownfield redevelopment.

      Read More

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


      Copyright © 2022 Environmental Financial Consulting Group, All rights reserved.

      This email has been sent to you, because you are a customer or subscriber of EFCG.

      Click here to unsubscribe to the EFCG Weekly Briefing

      Click here to view this message online

      EFCG_Logo_1B_White_PNG
      Mergers & Acquisitions    |    Advisory    |    Conferences    |    About EFCG
      77243189-33c2-d33c-b021-400b5fd768b7

      Week of September 26, 2022


      EFCG Updates

      CEO

      EFCG hosted the 33rd Annual CEO Conference in New York City, NY on September 28 – 30, 2022. The conference kicked off with EFCG Managing Partner, Rebecca Zofnass, delivering EFCG's signature AEC Industry Overview. Other conference sessions and panels focused on topics such as Sustainability, M&A, Innovation, Tech & Talent, and Post-Merger Integration. We are delighted to also share that Kate Harris, President, CEO & Chair of Stanley Consultants, was awarded CEO of the Year. 

      EFCG would like to thank everyone who was able to attend this year’s CEO conference (both in-person and virtually), as well as all our sponsors for their continued partnership! We look forward to seeing everyone again next year!

      Read More

      Industry News & Updates

      Senate Advances Stopgap Funding Bill After Removing Joe Manchin’s Permitting Overhaul

      • In an effort to advance a must-pass funding bill, West Virginia Senator Joe Manchin agreed to withdraw his proposal that would speed up permitting processes for the building of new energy projects.
      • Lawmakers from both parties have criticized the Manchin proposal, with Republicans saying it didn’t go far enough to remove permitting hurdles to quickly build energy projects and Democrats arguing that speeding up oil and gas projects could risk damaging ecosystems and compromise the health of nearby residents.
      • The announcement to remove Mr. Manchin’s proposal came just ahead of a planned vote on the short-term spending bill, extending current government funding levels until December 16th and preventing a partial government shutdown.
      • Despite the setback, Mr. Manchin maintains that the legislation would reduce U.S. reliance on foreign energy sources, lower energy costs and help project developers bring much-needed electricity generation and transmission infrastructure online.
      Read More

      Tech Companies Vie to Monetize the Curb and Reinvent Street Parking

      • A new breed of curb-savvy startups is disrupting the estimated $20 billion US parking industry by wooing city officials with something they haven’t had before: real-time data on how their curb space is being used.
      • Many emerging curb management companies argue that real-time data will mean less traffic and more revenue for cities, though acknowledge that political barriers rank high on the list of obstacles in the way of cities adopting and implementing the technology and systems needed to fully collect the data. 
      • Beyond easing traffic and generating revenues for cities, supporters also argue that the automation software will help to reduce overall carbon emissions by analyzing how transportation decisions and infrastructure impact communities more broadly.
      Read More

      M&A Updates

      September 23, 2022

      Tetra Tech, Inc. (Tetra Tech), a California-based consulting and engineering services firm, has reached an agreement to acquire all issued and to be issued shares of RPS Group plc (RPS Group), a United Kingdom-based professional services firm focusing on the property, energy, transport, water, resources, defense and government services sectors. The acquisition of RPS Group will expand Tetra Tech’s water practice in the U.K. and enhances Tetra Tech’s position in renewable energy and environmental management. Tetra Tech's all-cash offer, which prices all issued and to be issued shares of RPS Group for 222 pence per share ($2.39 per share), was unanimously recommended by the Board of Directors of RPS Group.  

        Read More

        September 27, 2022

        Haley Ward, Inc. (Haley Ward), a Maine-based technical consulting firm, offering a range of engineering, environmental, and surveying services, has acquired Lenard Engineering, Inc. (Lenard), a Connecticut-based multi-discipline engineering and environmental firm. The acquisition of Lenard expands Haley Ward's operating footprint within the New England region and adds depth to its technical service lines. 

          Read More

          September 28, 2022

          ENTACT, LLC (ENTACT), an Illinois-based provider of environmental remediation and geotechnical services and a portfolio company of investment affiliates of J.F. Lehman & Company (JFLCO), has acquired USA Environment, LP (USA Environment), a Texas-based environmental remediation and industrial services firm. The acquisition of USA Envrionment enhances ENTACT's capabilities and service solutions, while significantly expanding its customer base and presence throughout North America. USA Environment offers a suite of specialized capabilities that also includes unique solutions for radiological and naturally occurring radioactive materials ("RAD/NORM") for clients across a variety of end markets including public infrastructure, specialty chemical, manufacturing, energy, mining, and brownfield redevelopment.

          Read More

          September 23, 2022

          TranSystems Corporation (TranSystems), a Missouri-based transportation engineering and architectural planning, design, and construction firm and portfolio company of Sentinel Capital Partners, has acquired SEPI, Inc. (SEPI), a North Carolina-based multi-disciplinary engineering firm providing land development and infrastructure planning, design and construction solutions. The acquisition of SEPI will help to expand TranSystems’ operating footprint in North Carolina and enhance its current service offerings to customers.

            Read More

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


            Copyright © 2022 Environmental Financial Consulting Group, All rights reserved.

            This email has been sent to you, because you are a customer or subscriber of EFCG.

            Click here to unsubscribe to the EFCG Weekly Briefing

            Click here to view this message online

            EFCG_Logo_1B_White_PNG
            Mergers & Acquisitions    |    Advisory    |    Conferences    |    About EFCG
            77243189-33c2-d33c-b021-400b5fd768b7

            Week of September 26, 2022


            EFCG 33rd Annual CEO Conference

            CEO

            EFCG hosted the 33rd Annual CEO Conference in New York City, NY on September 28 – 30, 2022. The conference kicked off with EFCG Managing Partner, Rebecca Zofnass, delivering EFCG's signature AEC Industry Overview. Other conference sessions and panels focused on topics such as Sustainability, M&A, Innovation, Tech & Talent, and Post-Merger Integration. We are delighted to also share that Kate Harris, President, CEO, and Chair of Stanley Consultants, was awarded 2022 CEO of the Year for her innovative approach and out-of-the-box thinking that have transformed and grown Stanley Consultants. 

            EFCG would like to thank everyone who attend this year’s CEO conference (both in-person and virtually), as well as all our sponsors for their continued partnership! We look forward to seeing everyone again next year!

            Read More

            Industry News & Updates

            Senate Advances Stopgap Funding Bill After Removing Joe Manchin’s Permitting Overhaul

            • In an effort to advance a must-pass funding bill, West Virginia Senator Joe Manchin agreed to withdraw his proposal that would speed up permitting processes for the building of new energy projects.
            • Lawmakers from both parties have criticized the Manchin proposal, with Republicans saying it didn’t go far enough to remove permitting hurdles to quickly build energy projects and Democrats arguing that speeding up oil and gas projects could risk damaging ecosystems and compromise the health of nearby residents.
            • The announcement to remove Mr. Manchin’s proposal came just ahead of a planned vote on the short-term spending bill, extending current government funding levels until December 16th and preventing a partial government shutdown.
            • Despite the setback, Mr. Manchin maintains that the legislation would reduce U.S. reliance on foreign energy sources, lower energy costs and help project developers bring much-needed electricity generation and transmission infrastructure online.
            Read More

            Investors Make Long-Term Bet on Renewables as Gas Crisis Deepens

            • The United States' Department of Energy (DOE) is looking into the possibility of converting coal power plant sites to nuclear in a bid to boost the country's net zero drive.
            • The DOE has released a report showing that hundreds of United States coal power plant sites could be converted to nuclear power plant sites, adding new jobs, increasing economic benefit, and significantly improving environmental conditions.
            • After screening recently retired and active coal plant sites, the study team identified 157 retired coal plant sites and 237 operating coal plant sites as potential candidates for a coal-to-nuclear transition. Of these sites, the team found that 80% are good candidates to host advanced reactors smaller than the gigawatt scale
            • Russian President Vladimir Putin’s weaponizing of energy supplies has accelerated plans for the continent to transition away from fossil fuels -- a process that has taken on even more urgency this week following reports of suspected sabotage to pipelines carrying Russian gas to Europe.
            Read More

            M&A Updates

            September 23, 2022

            Tetra Tech, Inc. (Tetra Tech), a California-based consulting and engineering services firm, has reached an agreement to acquire all issued and to be issued shares of RPS Group plc (RPS Group), a United Kingdom-based professional services firm focusing on the property, energy, transport, water, resources, defense and government services sectors. The acquisition of RPS Group will expand Tetra Tech’s water practice in the U.K. and enhances Tetra Tech’s position in renewable energy and environmental management. Tetra Tech's all-cash offer, which prices all issued and to be issued shares of RPS Group for 222 pence per share ($2.39 per share), was unanimously recommended by the Board of Directors of RPS Group.  

              Read More

              September 27, 2022

              Haley Ward, Inc. (Haley Ward), a Maine-based technical consulting firm, offering a range of engineering, environmental, and surveying services, has acquired Lenard Engineering, Inc. (Lenard), a Connecticut-based multi-discipline engineering and environmental firm. The acquisition of Lenard expands Haley Ward's operating footprint within the New England region and adds depth to its technical service lines. 

                Read More

                September 28, 2022

                ENTACT, LLC (ENTACT), an Illinois-based provider of environmental remediation and geotechnical services and a portfolio company of investment affiliates of J.F. Lehman & Company (JFLCO), has acquired USA Environment, LP (USA Environment), a Texas-based environmental remediation and industrial services firm. The acquisition of USA Envrionment enhances ENTACT's capabilities and service solutions, while significantly expanding its customer base and presence throughout North America. USA Environment offers a suite of specialized capabilities that also includes unique solutions for radiological and naturally occurring radioactive materials ("RAD/NORM") for clients across a variety of end markets including public infrastructure, specialty chemical, manufacturing, energy, mining, and brownfield redevelopment.

                Read More

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


                Copyright © 2022 Environmental Financial Consulting Group, All rights reserved.

                This email has been sent to you, because you are a customer or subscriber of EFCG.

                Click here to unsubscribe to the EFCG Weekly Briefing

                Click here to view this message online

                EFCG_Logo_1B_White_PNG
                Mergers & Acquisitions    |    Advisory    |    Conferences    |    About EFCG
                77243189-33c2-d33c-b021-400b5fd768b7

                Week of September 26, 2022


                EFCG Updates

                CEO

                EFCG hosted the 33rd Annual CEO Conference in New York City, NY on September 28 – 30, 2022. The conference kicked off with EFCG Managing Partner, Rebecca Zofnass, delivering EFCG's signature AEC Industry Overview. Other conference sessions and panels focused on topics such as Sustainability, M&A, Innovation, Tech & Talent, and Post-Merger Integration. We are delighted to also share that Kate Harris, President, CEO & Chair of Stanley Consultants, was awarded CEO of the Year. 

                EFCG would like to thank everyone who was able to attend this year’s CEO conference (both in-person and virtually), as well as all our sponsors for their continued partnership! We look forward to seeing everyone again next year!

                Read More

                Industry News & Updates

                Senate Advances Stopgap Funding Bill After Removing Joe Manchin’s Permitting Overhaul

                • In an effort to advance a must-pass funding bill, West Virginia Senator Joe Manchin agreed to withdraw his proposal that would speed up permitting processes for the building of new energy projects.
                • Lawmakers from both parties have criticized the Manchin proposal, with Republicans saying it didn’t go far enough to remove permitting hurdles to quickly build energy projects and Democrats arguing that speeding up oil and gas projects could risk damaging ecosystems and compromise the health of nearby residents.
                • The announcement to remove Mr. Manchin’s proposal came just ahead of a planned vote on the short-term spending bill, extending current government funding levels until December 16th and preventing a partial government shutdown.
                • Despite the setback, Mr. Manchin maintains that the legislation would reduce U.S. reliance on foreign energy sources, lower energy costs and help project developers bring much-needed electricity generation and transmission infrastructure online.
                Read More

                Tech Companies Vie to Monetize the Curb and Reinvent Street Parking

                • A new breed of curb-savvy startups is disrupting the estimated $20 billion US parking industry by wooing city officials with something they haven’t had before: real-time data on how their curb space is being used.
                • Many emerging curb management companies argue that real-time data will mean less traffic and more revenue for cities, though acknowledge that political barriers rank high on the list of obstacles in the way of cities adopting and implementing the technology and systems needed to fully collect the data. 
                • Beyond easing traffic and generating revenues for cities, supporters also argue that the automation software will help to reduce overall carbon emissions by analyzing how transportation decisions and infrastructure impact communities more broadly.
                Read More

                M&A Updates

                September 23, 2022

                Tetra Tech, Inc. (Tetra Tech), a California-based consulting and engineering services firm, has reached an agreement to acquire all issued and to be issued shares of RPS Group plc (RPS Group), a United Kingdom-based professional services firm focusing on the property, energy, transport, water, resources, defense and government services sectors. The acquisition of RPS Group will expand Tetra Tech’s water practice in the U.K. and enhances Tetra Tech’s position in renewable energy and environmental management. Tetra Tech's all-cash offer, which prices all issued and to be issued shares of RPS Group for 222 pence per share ($2.39 per share), was unanimously recommended by the Board of Directors of RPS Group.  

                  Read More

                  September 27, 2022

                  Haley Ward, Inc. (Haley Ward), a Maine-based technical consulting firm, offering a range of engineering, environmental, and surveying services, has acquired Lenard Engineering, Inc. (Lenard), a Connecticut-based multi-discipline engineering and environmental firm. The acquisition of Lenard expands Haley Ward's operating footprint within the New England region and adds depth to its technical service lines. 

                    Read More

                    September 28, 2022

                    ENTACT, LLC (ENTACT), an Illinois-based provider of environmental remediation and geotechnical services and a portfolio company of investment affiliates of J.F. Lehman & Company (JFLCO), has acquired USA Environment, LP (USA Environment), a Texas-based environmental remediation and industrial services firm. The acquisition of USA Envrionment enhances ENTACT's capabilities and service solutions, while significantly expanding its customer base and presence throughout North America. USA Environment offers a suite of specialized capabilities that also includes unique solutions for radiological and naturally occurring radioactive materials ("RAD/NORM") for clients across a variety of end markets including public infrastructure, specialty chemical, manufacturing, energy, mining, and brownfield redevelopment.

                    Read More

                    September 23, 2022

                    TranSystems Corporation (TranSystems), a Missouri-based transportation engineering and architectural planning, design, and construction firm and portfolio company of Sentinel Capital Partners, has acquired SEPI, Inc. (SEPI), a North Carolina-based multi-disciplinary engineering firm providing land development and infrastructure planning, design and construction solutions. The acquisition of SEPI will help to expand TranSystems’ operating footprint in North Carolina and enhance its current service offerings to customers.

                      Read More

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


                      Copyright © 2022 Environmental Financial Consulting Group, All rights reserved.

                      This email has been sent to you, because you are a customer or subscriber of EFCG.

                      Click here to unsubscribe to the EFCG Weekly Briefing

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