Leaders across civil, environmental and structural practices express optimism for strong economic performance in the coming year, according to a survey by the American Council of Engineering Companies’ independent research arm. With perspectives from 600-plus respondents, the 2023 Engineering Business Sentiment Survey finds the outlook for the overall economy is improving among the nation’s leading engineering firms. Results show the…
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Lindsay Precast adds water, wastewater tank depth in Dutchland deal
Sources: Middle Ground Capital, Lexington, Ky.; CP staff Private equity operator MiddleGround Capital has acquired Dutchland Inc., Gap, Pa. precast concrete tank producer and installer. Dutchland offers a unique combination of engineering and process design, operations expertise, and control systems implementation to allow for the efficient execution of water and wastewater projects. The transaction was announced a year after a…
Read MoreLindsay Precast numbers, prospects suit Kentucky investment fund
A private equity firm pursuing middle market, business-to-business industrial targets, MiddleGround Capital has acquired Canal Fulton, Ohio-based Lindsay Precast, one of the top independent producers serving utility, drainage and other non-architectural construction segments. With a payroll of 350, the producer operates two plants each in Ohio, Colorado and the Carolinas, plus Florida and Washington satellites, and serves water supply, wastewater,…
Read MoreFMI research traces continued growth for design-build delivery
Source: Design-Build Institute of America, Washington, D.C. When they first looked at design-build utilization in 2018, researchers at North Carolina-based management consultant FMI confirmed what many in the industry knew first-hand: the project delivery was beyond an “alternative process.” The firm’s new market analysis, forecasting 2021-2025 project activity and prepared for the Design-Build Institute of America (DBIA), underscores the initial…
Read MoreInvestment bank positions Thompson Pipe Group for deal making
Sources: Thompson Pipe Group, Rialto, Calif. Thompson Pipe Group has engaged B. Riley Securities, a full-service investment bank and subsidiary of Los Angeles-based B. Riley Financial Inc., to support growth beyond four acquisitions to date, most recently U.S. Pipe concrete and steel pressure pipe assets from Forterra Inc., plus a Rinker Materials site in Corona, Calif. “Our executive team looks…
Read MoreGeneva Pipe premiers Perfect Pipe, Lined Manhole technology
Sources Northwest Pipe Co., Vancouver, Wash.; CP staff Geneva Pipe and Precast, a Northwest Pipe business, has begun producing and distributing reinforced concrete pipe (RCP) and precast manhole systems finished with a corrosion resistant lining new to North America. Perfect Pipe and Perfect Lined Manhole have the potential to revolutionize municipal wastewater management, the producer notes, as they offer 100-plus years’…
Read MoreGlobal water treatment operator acquires Alar Engineering
Sources: Ovivo Inc., Montreal; CP staff Water and wastewater treatment equipment, technology and systems specialist Ovivo Inc. has closed on the Mokena, Ill.-based Alar Engineering Corp., Alar Chemical Sales Inc. and Alar Leasing Inc. businesses. They manufacture treatment and clarification systems for industrial applications, including concrete production process water and cement slurry; provide pre-treatment and filter aid chemical products; and,…
Read MoreReport measures federal agencies’ stepped up role in water infrastructure
Source: Bluefield Research, Boston
Federal government participation in rehabilitating U.S. water utility infrastructure is taking on even greater importance than in the past as municipalities are challenged to keep pace with the aging of 70,000-plus water & wastewater treatment systems and 3 million miles of underground pipe networks. With overall public spending on water utilities declining year-over-year in five of the last 10 years, core federal programs are proving to be more critical in addressing investment needs in urban and rural treatment systems and networks, according to water market-wise Bluefield Research.
Read MoreOldcastle Infrastructure builds on a charter platform via Valley Precast
Sources: Oldcastle Infrastructure, Atlanta; CP staff
Oldcastle Infrastructure has acquired Caldwell, Idaho-based Valley Precast Inc., which produces underground concrete structures for environmental and energy applications. The deal positions Oldcastle Infrastructure, Nampa—located in close proximity to Valley Precast and the capital city of Boise—as Idaho water management market leader, while expanding its energy products stake and marking the producer’s on-site wastewater segment entry.
Read MoreWater, wastewater system report tracks private operator emergence
In the wake of tightening municipal budgets, environmental violations, and aging infrastructure, private players are poised to capitalize on struggling water and wastewater utilities. A new Bluefield Research report, U.S. Municipal Water & Wastewater: Defining the Addressable Market for Private Investment, estimates the total market value of 78,000-plus community water and wastewater systems across the U.S. to exceed $700 billion.
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