Veritas Capital announced that it has agreed to acquire the Capital Services business of CB&I for $755 million. With revenues of more than $2 billion in 2016, the business provides maintenance services, environmental engineering and remediation, infrastructure EPC services, program management, and disaster response and recover for commercial and government clients. The deal is expected to close in the second quarter of 2017.
CHA Consulting Inc. announced that it has acquired an interest in American Fire Protection Inc. (AFP), a provider of custom design, engineering, installation, and maintenance of fire protection systems. AFP's clients include those in the automotive, government/military, manufacturing, and distribution/warehouse markets. Deal terms were not disclosed, however, the press release states that "this transaction allows for CHA to actively support AFP's growth strategies while allowing AFP to manage their daily operations." Harpeth Capital LLC served as financial advisor to AFP.
Mason & Hanger, a Day & Zimmerman Company, announced that it has acquired Hankins & Anderson (H&A), a Virginia-based architecture and engineering firm that specializes in the design of mission critical facilities for the federal government. H&A's 200 employees serve clients including the DoD, FBI, GSA, DHS, Department of State and Department of Energy. Deal terms were not disclosed.
PE-backed Jensen Hughes Inc. announced that it has acquired Stevenson & Associates (S&A), a provider of seismic, risk, hazard, structural, civil, and mechanical engineering services to clients in the nuclear power, government, high technology, and design and consulting industries.
According to the press release:
“The combination of JENSEN HUGHES and S&A brings together two leading firms in the nuclear power consulting industry and increases the technical expertise and resources available to provide risk assessment and other engineering consulting services to protect clients against unusual events, including earthquake, wind, blast, flood, thermal and vibration hazards.”
Deal terms were not disclosed.
J.F. Lehman & Company portfolio company National Response Corporation (NRC) announced that it has acquired ENPRO Holdings Group Inc. Based in Newburyport, Massachusetts and employing over 250 employees, ENPRO provides environmental and emergency response solutions in the Northeast region of the US. Deal terms were not disclosed.
ACT Environmental Services announced that it has acquired the Federal Services Division of Richard Brady & Associates. The acquired assets include Brady’s Environmental Engineering, Remediation and Construction Operations and related assets. Deal terms were not disclosed.
Jensen Hughes announced that it has acquired Aon Fire Protection Engineering Corporation. The business formerly known as Schirmer Engineering is a provider of fire protection engineering, fire code consulting and security services to commercial and government clients. Aon is majority owned by private equity firm Gryphon Investors.
XMS Capital Partners LLC and Sidley Austin LLP advised AON while Kirkland & Ellis LLP provided legal advice to Jensen Hughes. Deal terms were not disclosed.
J.F. Lehman & Company announced that it has acquired San Diego, California-based American Scaffold, a provider of scaffolding systems and environmental solutions to the US government. The company employs approximately 300 people across the country.
Deal terms were not disclosed. Blank Rome LLP and Jones Day were legal advisors to J.F. Lehman. Parallax Equity Partners was the advisor to American Scaffold.
Haskell announced that it has entered into an agreement to acquire the heavy construction business and select design assets from Leidos. Prior to its acquisition by Leidos in 2007 (actually SAIC at the time), the business was known as Benham and provided its services to various markets including oil & gas, chemicals, food and beverage manufacturing, consumer products manufacturing, federal government, and transportation. Leidos projects that the business will generate approximately $175 million of revenue in calendar 2016. The deal is expected to close in the second quarter of 2016.
ENGIE Group announced that it has acquired OpTerra Energy Services and its affiliated companies. Based in Oakland, California and with over 300 employees across 25 regional offices, OpTerra designs and builds both public and private systems that reduce energy and cost. OpTerra has achieved over $2 billion in energy savings for its clients which include K-12 schools, universities, commercial and industrial firms, and municipalities. Government projects include the retrofitting of San Jose's streetlights to networked LED's and support of a statewide energy program across 256 schools for the Department of Education in Hawaii. Deal terms were not disclosed.
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