M&A Awards

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Gold Medal ► ARCADIS NV (Arnhem, The Netherlands; www.arcadis-us.com) for its acquisition of Malcolm Pirnie (White Plains, NY), a 100-year-old environmental consulting and engineering firm specializing in water-related services. Malcolm Pirnie employs approximately 1,700 people at more than 60 offices, including most of the top 20 major metropolitan areas of the United States. It reported $392 million in gross revenue ($294 million in net revenue) for 2009, and its profitability was close to ARCADIS's overall target margins when the deal was closed in July. ARCADIS expects the addition of Malcolm Pirnie to significantly strengthen its services in the area of water and wastewater infrastructure, particularly in the municipal client sector. According to ARCADIS, the deal also brought it into the top 10 in the U.S. design, consultancy, and engineering market, with a more balanced services portfolio.

Silver Medal ► Tetra Tech, Inc. (Pasadena, CA; www.tetratech.com) for acquiring seven companies during its 2009 fiscal year, including its first major international acquisition, Wardrop Engineering, a Canadian multi-disciplinary engineering and consulting firm specializing in services for the natural resource management, energy, and infrastructure markets. With more than $120 million U.S. in annual revenue, Wardrop brought more than 1,000 employees and 13 new offices in Canada, the United Kingdom, and India. Tetra Tech also acquired Bryan A. Stirrat & Associates, a recognized leader in solid waste management services, with annual revenue of about $40 million; Tesoro Corp., a construction management firm working primarily on Base Realignment and Closure (BRAC) and military construction programs, with annual revenue of about $80 million; and several smaller, specialty firms that have enhanced Tetra Tech's depth of resources and technical advantage in the water, environment, and energy markets (ACI Engineering, DPK Consulting, Haselwood Enterprises, and Mussetter Engineering).

Silver Medal ► IHS Inc. (Denver, CO; www.ihs.com) for significant expansion in the environmental, health, and safety (EHS) software sector during 2009 through its $59 million acquisition of ESS. The acquisition has helped IHS claim a leading position in the carbon management market, with dozens of global corporations using IHS software for carbon management at tens of thousands of sites. IHS now claims the largest customer base and broadest product offerings by far among EHS and sustainability software providers. More than 3,000 organizations use IHS software for EHS, including 550-plus clients that use its enterprise-level solutions. IHS solutions are widely recognized-for example, in 2009, its GHG management solutions were among the few systems that earned accreditation by the Carbon Disclosure Project. Customers are demonstrating their satisfaction with the firm's EHS product offerings by renewing their support plans at a rate of more than 90% per year.

Silver Medal ► POWER Engineers (Hailey , ID ; www.powereng.com) for successfully acquiring and integrating three firms during 2009. In September, the company acquired Fort Worth-based Cornelius Pierce Consulting Engineers, a provider of transmission, distribution, and substation engineering services to the electric power industry. POWER Engineers followed with the acquisition of VELOCITIE Integration, a firm specializing in geographic information system services with offices in Green Bay and Milwaukee, Wisconsin, and Denver, Colorado. Finally, POWER Engineers closed in December on the acquisition of a South African company that will henceforward operate as PCE Engineers, a consulting and engineering firm that provides design services to the power generation markets in Africa, Turkey, and the Middle East. POWER Engineers has developed a solid reputation for finding, buying, and integrating firms that help it expand into new markets and new geographies. Since it was established in 1976, POWER Engineers has completed a total of 16 acquisitions, including nine since 2000.

Silver Medal ► Golder Associates Inc. (Redmond, WA; www.golder.com) for completing a series of deals during 2009, including the acquisition of the coastal engineering group and associated assets of Pacific International Engineering (Edmunds, WA). Pacific International provides services pertaining to coasts, inlets, estuaries, and river deltas, including navigation and dredging, wake analysis, ocean energy, beach protection and restoration, geomorphology, oceanographic data collection, and wave, tidal, and sediment transport modeling. Operating out of Golder's Redmond, office, the team augments Golder's core capabilities in geotechnical engineering, geophysics, and environmental engineering. Also during 2009, Golder acquired the assets of Denver-based Engineering and Hydrosystems (E&H), a water engineering firm, while Golder Associates Pty Ltd., the company's Australian affiliate, merged with A.W.N. Consultants (Ferntree Gully, Australia), a consultancy specializing in air quality and other environmental services.

Bronze Medal ► Kleinfelder (San Diego, CA; www.kleinfelder.com) for its acquisition of Massachusetts-based SEA Consultants Inc. SEA is a multidisciplinary, full-service engineering, architecture, and planning firm consisting of 200 employees and generating more than $30 million in net annual revenue. Founded in 1953, SEA has an excellent long-standing reputation as a high-quality business serving commercial, industrial, municipal, and institutional clients throughout New England. Consistent with Kleinfelder's 2015 Strategic Direction to become increasingly multi-faceted, the addition of SEA's extensive architecture and sustainability expertise, as well as its water/wastewater, structural, electrical, and related engineering services, will expand Kleinfelder's capabilities. In addition, SEA brings Kleinfelder a new and diverse client base, including a growing national program with the Army National Guard and higher education institutional clients such as the universities of Pennsylvania, North Carolina, Stanford, and Harvard. SEA is Kleinfelder's seventh acquisition since 1999.

Bronze Medal ► Whitman (East Brunswick, NJ; www.whitmanco.com), an environmental and engineering management firm, for continued expansion through acquisition and investment, thereby increasing the remediation and construction services it offers and its commitment to renewable energy. Whitman acquired LJS Construction, a full-service environmental remediation and construction company, thereby adding services that complement Whitman's environmental and engineering work, including brownfield redevelopment, civil and geotechnical engineering, site assessment, remediation cost recovery, and mechanical, electrical, and plumbing engineering. The LJS staff brought more than 50 years of collective experience in every phase of the development process, including rehabilitation, decontamination, and the demolition of existing structures for commercial, industrial and government clients. Whitman also renewed its commitment to renewable energy in 2009 by investing in a new company, Pro-Tech Energy Solutions, to provide true turnkey services in this emerging field. The partial ownership of Pro-Tech allows Whitman to develop financial modeling and design solar systems as well as to build, maintain, and monitor those systems for public and private commercial facilities.