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Weekly Briefing: September 18-22, 2023


Week of September 18, 2023

EFCG just wrapped up its 34th Annual CEO Conference on September 18-20 at the Four Seasons Hotel in Denver, Colorado. We welcomed over 230 attendees this year from across the AEC industry, with 55 first-time participants and close to 200 firms represented.

The conference kicked off with EFCG Managing Partner Rebecca Zofnass delivering EFCG's signature AEC Industry Overview. Attendees also heard from firm leaders during panel sessions focused on topics such as AI, M&A, Organizational Structure & Design, Culture & Talent, and Sustainability. We are also delighted to share that Steve Lefton, President and CEO of Kimley-Horn, was presented with EFCG's 2023 CEO of the Year award for his transformative leadership, passion for equality, and commitment to further advancing the AEC industry.

EFCG would like to thank everyone who attended this year's CEO conference and all our sponsors -- alliantgroup, BST Global, CareerSmith, Deltek, and Transearch -- for their continued partnership!

Early registration is now available for EFCG's 35th Annual CEO Conference, which will take place from October 9-11, 2024 at the Broadmoor Hotel in Colorado Springs, Colorado. To register for next year's CEO Conference and for more information regarding our upcoming conferences, please visit our Conference page or email Dimitri Milionis at DMilionis@efcg.com.




EPA to Award $4.6B for Climate Pollution Reduction Projects

  • The Biden administration plans to award $4.6 billion to states, cities, tribes and U.S. territories to develop and build projects to reduce carbon emissions, particularly in environmental justice communities, officials told reporters Sept. 19.

  • Projects could range from updating building codes to installing solar and battery storage projects and doing school energy-consumption retrofits, with funding going towards implementing plans with the most potential to reduce carbon emissions, in the communities most severely impacted.

  • There will be two competitions: one for state and metropolitan areas, the other for territories and tribes. EPA anticipates awarding approximately 30 to 115 grants ranging between $2 million and $500 million for states and cities; and 25 to 100 grants between $1 million and $25 million for tribes and territories.

  • The funds are the second major tranche of funding to be distributed through the Climate Pollution Reduction Grants (CPRG) program established under the 2022 Inflation Reduction Act.



September 18, 2023


Trilon Group (Trilon), a Colorado-based family of infrastructure consulting businesses across the United States backed by Alpine Investors, has entered into a strategic partnership with Horrocks Engineers (Horrocks), a Utah-based full-service civil engineering and professional services firm. Through this partnership, Trilon will support Horrocks by investing in their trusted brand of leadership and credibility. Horrocks will join the Trilon family as part of the transportation platform and will work closely with firms such as Alta Planning + Design, DRMP, and HMB Professional Engineers.



 

September 19, 2023


RMA Companies (RMA), a California-based provider of environmental consulting, geosciences, and materials testing and inspection services backed by OceanSound Partners, has acquiredA3GEO, a California-based provider of geotechnical, geologic, and earthquake engineering services. The acquisition of A3GEO will help to strengthen RMA's geotechnical, geologic, and seismic service offerings in California and help the firm to pursue a wide range of federally funded projects throughout the Western United States.



 

September 19, 2023


Lindsay Goldberg, a New York-based private investment firm that focuses on partnering with families, founders and management teams seeking to actively build their businesses, has acquired the Kleinfelder Group, Inc. (Kleinfelder), a California-based engineering, design, construction management, construction materials inspection and testing, and environmental professional services firm. The investment by Lindsay Goldberg will help to support Kleinfelder’s strategic growth potential and bolster the opportunities to add to the robust client and service portfolio throughout the business.



 

September 20, 2023


GHK Capital Partners LP (GHK), a Connecticut-based middle-market private equity firm, has acquired WSB & Associates, Inc. (WSB), a Minnesota-based design and consulting firm specializing in engineering, community planning, environmental, and construction services. The partnership with GHK will enable WSB to pursue an aggressive growth strategy including expansion into new end-markets and geographies, strategic investment into digital construction and other technology initiatives, and an active M&A program, with the aim to build a national-scale firm under a unified WSB banner.

Concurrent with the acquisition of WSB, GHK also completed the acquisition of EST Inc. (EST), an Oklahoma-based transportation infrastructure engineering consulting firm with operations across Oklahoma, Texas, Colorado, and California. The acquisition of EST complements WSB's transportation, construction engineering and inspection (CE&I), and municipal infrastructure service offerings and expertise. This acquisition of EST is WSB’s first in partnership with GHK and establishes a scalable, national platform to expand across the US critical infrastructure consulting space.



 

September 20, 2023


PRIME AE Group, Inc. (PRIME AE), a Maryland-based multi-discipline engineering and architecture firm backed by NewHold Enterprises (NewHold), has acquired Jacobi, Toombs & Lanz, Inc. (JTL), an Indiana-based engineering, survey and construction services firm supporting clients in transportation, water resources, and surveying throughout the Indiana and Kentucky infrastructure market. The acquisition of JTL enhances PRIME AE's presence in the Midwest and deepens its professional capabilities across its transportation and water resources engineering, surveying, and construction services business lines.



 

September 20, 2023


GEI Consultants, Inc. (GEI), a Massachusetts-based multi-disciplined engineering and environmental consulting services firm and platform company of Global Infrastructure Solutions Inc. (GISI), has acquired Lithos Engineering (Lithos), a Colorado-based geotechnical and geological engineering firm specializing in tunnel and trenchless design and construction technology. The acquisition of Lithos will help enhance GEI's geotechnical engineering and tunneling capabilities. Ron Palmieri, President and CEO of GEI, commented, "We have long sought additional expertise in this service area and, in Lithos, we found a partner with shared values, culture, and commitment to delivering exceptional value and client service. The Lithos team will immediately bring value to many of our water infrastructure projects and GEI provides Lithos access to a strong bench of technical experts for their clients’ benefit."





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