FMI 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…

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Investment 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…

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Geneva 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’…

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Global 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,…

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Report 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. 

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Oldcastle 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. 

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Water, wastewater system report tracks private operator emergence

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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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Law seeds up to $1 billion in EPA-guided water, wastewater infrastructure loans

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The U.S. Environmental Protection Agency has announced the availability of up to $1 billion under the new Water Infrastructure Finance and Innovation Act (WIFIA) program, aimed at providing credit-worthy water supply and wastewater projects long-term, low-cost assistance through direct loans and loan guarantees.

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Study projects moderate growth for precast in water, wastewater markets

Sources: Freedonia Group, Cleveland; CP staff

Demand for precast concrete water, wastewater and waste-handling products—septic tanks, manholes, supply and conveyance components, grease interceptors, hazardous material containers, among them—is projected to rise 5.1 percent per year to $1.2 billion in 2020, a new Freedonia Group report finds.

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Fast-moving Forterra steps up pace for initial public offering approaching $400M

Sources: CP staff; Forterra Inc., Irving, Texas

Water and wastewater infrastructure-geared Forterra Inc., a recently established entity emanating from Forterra Building Products, details in U.S. Securities & Exchange Commission filings an initial public offering of 18.4 million shares priced in the $19-$21 range. Success in the impending sale would give new investors and principal owner Forterra US Holdings LLC, respectively, 29 percent and 71 percent stakes in a 96-plant operation with annual sales of about $1.6 billion across Drainage Pipe & Precast Products and Water Transmission Pipe & Products segments.

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