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WSP to acquire Louis Berger for $400 million

WSP Global Inc. will acquire Berger Group Holdings, Inc. (Morristown, N.J.), the parent company of Louis Berger, for $400 million to be financed by an underwritten term loan. Louis Berger is a professional services firm mainly active in the transportation, infrastructure, environmental, and water sectors, as well as in master planning.  Louis Berger has approximately $480 million in annual net revenues and $45 million in normalized EBITDA.  Its 5,000 employees are mostly in the United States, with U.S. operations representing around 70% of 2018 net revenues (excluding disaster response revenues).

The acquisition of Louis Berger will increase WSP’s presence in regions it has targeted for growth, such as continental Europe, and will increase WSP’s exposure to the U.S. federal sector, according to Alexandre L’Heureux, WSP’s president and CEO.

ICF to Acquire DMS Disaster Consultants

ICF (Fairfax, Va.) has agreed to acquire DMS Disaster Consultants (Boca Raton, Fla.), a disaster planning and recovery services firm, which will operate as part of ICF’s disaster management and resilience division. DMS assists public sector clients with pre-disaster services and post-disaster recovery, including the development of comprehensive insurance, risk management, and risk mitigation strategies. ICF will also get DMS’s project management software, disasTRAX. The DMS team consists of about 50 employees, including engineers, architects, adjusters, risk managers, forensic accountants and project managers.

Stantec acquires Quebec-based Cegertec

Stantec, a Canadian-headquartered international engineering and consultancy group, recently acquired acquired the Quebec-based consultancy Cegertec for an undisclosed amount. It comes within weeks of Stantec announcing the acquisitions of Calgary-based mining consultancy Norwest and UK specialist hydrogeological consultancy ESI.

Chicoutimi, Quebec

 

This latest target is a 250-person company providing engineering services to industrial, aluminium, mining, power and government clients across Canada and the United States. The firm operates from its headquarters in Chicoutimi but also boasts offices in Quebec City and Montreal with another due to open at St Georges in coming months.

 

In a press release, Stantec’s senior vice president for Quebec Isabelle Jodoin stated: “The acquisition of Cegertec is a sign of our continuing commitment to grow our expertise and diversify our operations in the Quebec market.  Our clients will now have access to a larger, comprehensive pool of resources, and a wide array of expertise and services under one banner, thanks to a combined team of 1,500 employees in Quebec.”

The acquisition is expected to close on the 25 May 2018.

Cegertec had previously explored partnership opportunities with other consultancies with its Saguenéenne engineering unit tied to WorleyParsons in a joint venture formed in 2012 to target mining, metals and oil and gas sectors. However, Cegertec bought out WorleyParsons’ stake in the JV last year returning decision making to its own management board.

Canada-based GFL Acquires Accuworx Inc.

GFL Environmental Inc. (“GFL”) recently announced the closing of the acquisition of the Canadian operations of Accuworx Inc. including Sure Horizon Environmental Inc., based in Brampton, Ontario.  Since its founding in 1989 by Jason Rosset, Accuworx has grown to be a leading provider of “cradle to cradle” environmental solutions for a broad base of liquid waste customers throughout Ontario.  Accuworx’s services include industrial cleaning, emergency response, soil and groundwater remediation and liquid waste management which will complement and extend the service offerings of GFL’s existing liquid waste business in Ontario.  Jason Rosset will remain with GFL working to further develop the customer base of our combined operations.

Patrick Dovigi, GFL’s Founder and CEO said: “Started by its founder, Jason Rosset, the key to Accuworx’s success has been its core entrepreneurial values: creating solutions that allow it to be a single source provider for all of its customers’ service needs.  This aligns with GFL’s core values and strategy. Accuworx and Sure Horizon also have a committed, passionate employee base that bring the same level of commitment to service excellence for our customers as GFL’s employees.  We are confident that this common commitment will make the integration of our service offerings seamless and allow us to continue to grow and serve our customers.  We are excited to have Jason Rosset and employees of Accuworx in Canada join the GFL team.”

Jason Rosset, Founder of Accuworx said: “Accuworx has traveled a long way as an independent, trail-blazing company, and I am confident that this strategic fit with GFL represents an ideal opportunity for Accuworx and our employees to accelerate to the next chapter of growth while maintaining the entrepreneurial culture in which we have thrived.”

GFL, headquartered in Toronto, ON, is a diversified environmental services company providing  solid waste, infrastructure & soil remediation, and liquid waste management services through its platform of facilities across Canada and in Southeastern Michigan.  GFL has a workforce of more than 5,000 employees.