EFCG Weekly Briefing: December 9, 2022

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Week of December 5, 2022


Industry_News_Updates

US Proposes Energy Efficiency Standards for Federal Buildings

  • The U.S. government is looking to its own buildings as a source for cutting carbon emissions with a new energy and climate performance standard. Federal officials have also announced a proposed rule that would eliminate energy-related emissions from new and renovated federal buildings. The initiatives aim to achieve President Joe Biden’s goal of net-zero emissions from federal buildings by 2045, said Brenda Mallory, chair of the White House Council on Environmental Quality.
  • The newly announced performance standard for existing federal buildings would require federal agencies to eliminate energy use and electrify equipment and appliances in 30% of their building space by 2030, Mallory said. Achieving the standard would require a combination of electrification with deep energy retrofits, energy and water use reductions, and facility improvements to maximize cost efficiency, and would impact 300,000 buildings.
  • Additionally, the U.S. Dept. of Energy proposed a rule Dec. 7 requiring electrification of all new and renovated federal buildings. Starting in 2025, those buildings would be required to reduce their on-site emissions tied to energy consumption by 90% compared to 2003 levels, and “fully decarbonize” by 2030.
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Kerry Expects ‘Very Tricky’ Year for Climate Fundraising

  • Speaking at a Washington Post Live event, White House climate envoy John F. Kerry said that last month’s U.N. Climate Change Conference in Egypt “fell slightly short” of making progress collectively among global governments. While roughly 30 countries raised their targets for reducing greenhouse gas emissions for the summit — known as COP27 — too few are moving quickly enough to avert a global crisis, Kerry said.
  • According to Kerry, the world now faces a year of “very tricky … very complicated” negotiations on how to fulfill one of the major steps forward from the summit, a new fund to compensate vulnerable countries for harm caused by climate change, he said. He added that while the United States must lead in such financing, China and other countries must pay, too, while other funding must come from Wall Street and international development banks.
  • His remarks come a day after Vanguard Group, one of the world’s largest asset managers, said it is pulling out of a major initiative among financial firms to address climate change. The company said it was withdrawing from the Net Zero Asset Managers initiative because of confusion the group was creating over the implication for index funds popular among Vanguard clients.
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Lawmakers Strike Deal on New $38B WRDA

  • Key Senate and House leaders have reached a bipartisan agreement on a new Water Resources Development Act (WRDA) that would authorize more than $37 billion in federal funds for 25 new and five modified Army Corps of Engineers flood and hurricane protection, harbor dredging, and other civil works projects across the U.S.
  • The joint announcement of the deal came late on Dec. 6, from the chairs and top Republican members of the Senate Environment and Public Works and House Transportation and Infrastructure Committees. Lawmakers said that the WRDA would become the vehicle for a massive Dept. of Defense authorization bill.
  • By far the largest single project on the bill's list is a huge storm protection and ecosystem restoration program in the Texas Gulf Coast. The new bill authorizes $21.4 billion in federal funds for the Texas project, whose total cost is estimated at $34.4 billion.
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Highlighted_MA_Transactions

December 1, 2022

Deloitte, a UK-based global consultancy, announced its acquisition of PACER, a Netherlands-based engineering and consulting firm that specializes in infrastructure and investment projects. The acquisition of PACER, now part of Deloitte's Responsible Infrastructure & Capital Projects team within Risk Advisory, will allow Deloitte to scale up capacity and offer clients a full range of responsible services for infrastructure and investment projects. “We are very excited to welcome our new colleagues and to engage with our combined customers about the opportunities presented by this acquisition. With ambitious government goals for responsible infrastructure development and the need for new capital projects at our corporate clients over the next 5 to 10 years, this has never been more important,” says Harvey Christophers, Partner Risk Advisory at Deloitte.

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December 5 , 2022

Universal Engineering Sciences (UES), a Florida-based consulting and engineering firm specializing in geotechnical engineering, construction materials testing, building code compliance, threshold inspections, and environmental consulting, has acquired Dan Brown & Associates, PC (DBA), a Tennessee-based geotechnical and foundations firm focused on problem-solving relating to Deep Foundations, Earth Retention Systems, Slope Stabilization Methods, and Earthquake Engineering. This acquisition expands UES' growing geotechnical expertise as well as its presence nationwide. DBA provides services for a wide range of geotechnical applications and problems. "The addition of Dan Brown and Associates significantly deepens our geotechnical and foundation problem-solving bench strength, especially necessary in this high-growth area where demand for our services is growing and we're continuously partnering on new and larger infrastructure projects," said David Hesterlee, PE.

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December 5 , 2022

DC Capital Partners Management, LP (DC Capital), a Washington, D.C.-based private equity firm that invests in middle-market companies in the government and engineering sectors, has launched Akela Engineering and Consulting (Akela), a California-based mechanical, electrical, and plumbing (MEP) firm providing engineering and consulting services to the construction industry in California. Akela serves clients in the military, life science, government, education, corporate, multi-family, sustainability, hospitality, and healthcare spaces. Michael Wall Engineering, Inc. and DEC Engineers, Inc., two Southern California MEP engineering firms, united to form Akela. “We are extremely pleased to share the official launch of Akela and welcome these industry experts to our portfolio of companies providing differentiated and innovative services and solutions in the government and engineering markets,” states Thomas Campbell, founder and managing partner of DC Capital.

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    December 6 , 2022

    WSP, a Canada-based leading engineering consulting firm, has announced its intention to acquire BG Bonnard & Gardel Holding SA (BG), a Switzerland-based firm offering consulting, engineering, and project management services in the infrastructure, building, water, environment, and energy sectors. The acquisition of BG (currently expected in the first quarter of 2023) will expand WSP’s operating footprint in Switzerland, France, and other surrounding European countries. Joining forces with BG will capitalize on WSP’s strengths and further scale its capabilities in key sectors, with significant growth opportunities, in Buildings, Environment, Renewable Energy, Water and Industry sectors. It will also add BG’s renowned tunnel expertise, including ventilation, fire protection and system design, to WSP’s European service offering.

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      December 8 , 2022

      WSP, a Canada-based leading engineering consulting firm, has announced an agreement to acquire enstruct, an Australia-based structural and civil engineering firm with a workforce of 75 employees in Sydney, Melbourne, and Brisbane. Although still subject to regulatory approvals and other customary closing conditions, the transaction is expected to be completed by the end of the first quarter of 2023. “We are excited about joining forces with enstruct as it will strengthen our structural business in Sydney and provide relevant structural engineering capabilities that tie in strategically within our Properties & Buildings sector’s ambitions,” stated Alexandre L’Heureux, WSP’s President and CEO.

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        Community_Impact
        HDR_Inc

        The HDR Foundation announced a $150,000 grant to All Kids Bike that will bring learn-to-ride programs to 25 public schools across the U.S. The grant provides everything the schools need to teach kindergarteners to ride bicycles in their physical education classes. Each school will receive the equipment and training needed to implement the program, including 24 Strider 14x balance bikes, 24 pedal conversion kits, 24 fully adjustable helmets, a 20-inch instructor bike, and a five-year support plan.


        All Kids Bike is a national program led by the Strider Education Foundation to implement learn-to-ride programs in targeted public schools for free. The schools receiving grants will be chosen based on proximity to HDR offices. The partnership launched last month, with more than 15 Phoenix employees assembling bikes and participating in bike kickoff events at three area schools.

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