EFCG Weekly Briefing: January 13, 2023

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Week of January 9, 2023


Industry_News_Updates

Struggling With Storms, California Plans to Bolster Flood Protections

  • A series of severe winter storms has caused flooding, mudslides, and power outages in parts of California, resulting in 14 deaths in the past week and an undetermined amount of damage. In response to a request by Gov. Gavin Newsom, President Joe Biden approved an emergency declaration in a 17-county area.
  • While first responders work to keep people safe from the current storms, the deluge has sharpened concerns about the state's flood resilience. A proposed state budget Newsom introduced Jan. 10 includes $202 million in new investments for flood prevention projects under the state’s 2040 water plan that officials shared last August.
  • The projects would modernize water diversion and conveyance infrastructure, and would better capture stormwater to alleviate California’s ongoing drought woes, he said. With the state simultaneously experiencing a drought emergency and a flood emergency, DWR Director Karla Nemeth said it is “yet another” signal of the effects of climate change.
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Exxon Scientists Predicted Global Warming, Even as Company Cast Doubts, Study Finds

  • ExxonMobil’s own scientists accurately predicted future global warming in reports dating back to the late 1970s and early 1980s, despite the company publicly continuing for years to cast doubt on climate science and lobby against climate action, according to a new analysis.
  • Researchers examined climate projections produced between 1977 and 2003 by Exxon, one of the world’s biggest oil and gas companies. They found the company’s science was not only good enough to predict long term temperature rise, but also accurately predicted when human-caused climate change would become discernible, according to the report published Thursday in the journal Science.
  • In a statement, Exxon did not address the new study directly but said “those who talk about how ‘Exxon Knew’ are wrong in their conclusions,” referring to a slogan by environmental activists who have accused the company of misleading the public about climate science.
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Highlighted_MA_Transactions

January 6, 2023

DeSimone Consulting Engineering D.P.C. (DeSimone), a New York-based engineering firm providing structural engineering, façade consulting, forensic, and construction consulting services for all types of buildings, announced its acquisition of the global detailing, preconstruction, and building information modeling services business of Dowco Group (Dowco), a Canada-based global leader in specialized preconstruction modeling, detailing, building information modeling (BIM), and virtual design and construction (VDC) services. “Through the acquisition of Dowco’s detailing and BIM services business, DeSimone can now more quickly deliver projects by bringing engineering and detailing into the design phase early,” said Stephen DeSimone, chairman and CEO of DeSimone Consulting Engineering D.P.C.

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January 9, 2023

OceanSound Partners, LLC (OceanSound), a New York-based growth-oriented private equity firm that invests in technology and technology-enabled services companies serving government and enterprise end-markets, has made a strategic investment in Gannett Fleming, Inc. (Gannett Fleming), a Pennsylvania-based engineering firm offering planning, design, technology & construction services primarily for the transportation, water, federal, power, and energy markets. "With record backlog and accelerating demand due to the Infrastructure Investment and Jobs Act and the Inflation Reduction Act, we are entering the OceanSound partnership from a position of strength. OceanSound has a proven track record of accelerating growth of companies serving government agencies. This partnership will help us attract and retain the best talent, make significant investments in emerging technologies, expand and deepen our geographic footprint, and support our employees so they remain at the top of their field. Together with OceanSound, we expect to substantially increase our market share in our key service offerings while maintaining the time-tested culture and mission that our employees and clients value.”

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    January 10, 2023

    Sweco, a Sweden-based engineering consultancy specializing in consulting engineering, environmental technology, and architecture, has acquired Belgium-based VK architects+engineers (VK), a provider of architectural, technical, and infrastructure design solutions within the infrastructure and building segments. “This is completely in line with our growth strategy. The world is in transition which drives demand for both specialized and extended expertise in a range of different disciplines. Sweco and VK complement each other well both in terms of expertise and corporate culture and, adding to that, we share the same vision and values, to transform society in a sustainable direction. VK is a great match for Sweco and I would like to extend a warm welcome to our new colleagues,” says Åsa Bergman, President and CEO of Sweco.

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    January 10 , 2023

    AXIS/GFA Architecture + Design, a California-based architecture firm specializing in hotel, resort, and hospitality architectural design, has acquired Caron Architecture, a Washington-based full-service architecture firm that provides simple, elegant designs for a wide variety of national and international clients. The integration of Caron into the AXIS/GFA brand extends AXIS/GFA's reach into the Pacific Northwest. With existing AXIS/GFA studios in San Francisco and Los Angeles and with satellite offices in Las Vegas, Hawaii, and Boston, the acquisition of Caron's Seattle studio positions AXIS/GFA to now service clients across the entire Western United States and Hawaii.

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      January 12, 2023

      Verdantas, an Ohio-based provider of engineering, planning, science, and technical services to clients on environmental and sustainable infrastructure solutions, has acquired Borton-Lawson and its subsidiary, Precise Visual Technologies (PVT), a Pennsylvania-based provider of engineering, science, and business optimizing technology consulting services. Borton-Lawson strengthens Verdantas’ position with facilities, transportation, real estate, water, and energy clients, enabling their digital transformation strategies. “Borton-Lawson’s impact on our clients will be immediate, as we add bench strength to our sustainable civil infrastructure capabilities while also bringing new offerings that deliver facility solutions and value-added digital capabilities to the clients we serve across the US. I share the excitement of all our employees in welcoming Borton-Lawson’s unique and capable leadership and technical professionals to the team”, said Gerry Salontai, CEO of Verdantas.

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        Community_Impact
        woolpert-and-taylor-logo

        Taylor Engineering and Woolpert have been approved by the U.S. Small Business Administration for a six-year Mentor-Protégé Program agreement. Taylor Engineering is a coastal and water resources research and engineering company with four offices across Florida, and Woolpert is an international architecture, engineering, and geospatial firm with more than 60 offices, including five in Florida. Under this agreement, Woolpert will provide Taylor with management and technical assistance to expand its technical consulting capabilities, remote-sensing instrumentation, and data collection capabilities nationwide to support federal clients. Woolpert will expand Taylor’s proximity to and relationships with federal agencies and regional offices across the country and will enable Taylor to successfully compete against other small businesses and large Mentor-Protégé Program teams. “Taylor provides that next step in the flow of knowledge application to communities,” Woolpert Senior Vice President Tom Mochty said.

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