DESIGN, ENGINEERING TECH
Globenewswire | June 09, 2023
Stantec, a global leader in sustainable design and engineering, has signed an agreement to acquire Environmental Systems Design, Inc. (ESD), a 270-person engineering firm headquartered in Chicago. Founded in 1967, ESD has built a reputation for excellence and innovation in high-performance design with a roster of industry-leading clients. The terms of the transaction are not disclosed.
The acquisition of ESD significantly deepens Stantec’s expertise in mission critical facilities and data center design. Mission critical facilities represent a rapidly growing segment of purpose-built infrastructure that require an increased level of reliability. These facilities—spanning nearly every major industry—are designed to maintain building infrastructure, emergency dispatch, data storage, or other critical functions in the face of inclement weather and utility outages. Data centers, such as hyperscale facilities, require special, resilient design considerations developed by uniquely qualified teams with regular exposure to the evolving needs of large-scale companies.
The acquisition of ESD expands Stantec’s mechanical, electrical, and plumbing (MEP) and structural engineering practice by 40 percent in the US. These added resources significantly deepen the firm’s smart building engineering capabilities that support the workplace of the future and the emerging trends of decarbonization, building repositioning, and adaptive reuse.
“Merging talent with ESD positions Stantec as one of the top integrated design firms in the US market,” said Leonard Castro, executive vice president and business operating unit leader for Buildings at Stantec. “Our expanded services in data center, smart building design, and high-performance buildings will offer our clients the flexible and stable facilities that meet their operational needs into the future.”
“Stantec is a top-tier firm that shares our vision to improve society through the built environment,” said Raj Gupta, executive chairman at ESD. “ESD has increased the depth and breadth of its services in recent years. Joining Stantec expands our offering globally and creates exceptional career growth opportunities for our employees.”
Critical Project Experience
ESD provides data center design services for several industry-leading technology clients. ESD was recently retained by a confidential client to provide peer review and hyperscale data center design services and subsequently engaged in multiple hyperscale data centers on its behalf across the US. Hyperscale campus developments scale from a single 500,000 square foot (20 to 30 megawatts capacity) facility to multiple facilities spanning several million square feet (300+ megawatts capacity). Multiple sites throughout the country share a baseline design with local adaptations and are designed for efficient phased buildouts without interruption to live facilities.
Additional projects in ESD’s portfolio include
MEP and mission critical engineering for the United Airlines Network Operations Center in Chicago, a vital component of the airline’s day-to-day operations. Building Information Modeling (BIM) was used to route new systems through the existing structure and around existing systems. ESD worked closely with the City of Chicago and provided specialized consulting services in the areas of electrical and fire alarm codes to provide a unique furniture wiring design that met all of United’s needs.
MEP and fire protection engineering for the 1,400,000-square-foot expansion of the Las Vegas Convention Center, one of the largest convention centers in the world. The new West Hall includes 600,000 square feet of flexible exhibition spaces with multiple infrastructure services including a variety of electrical power voltages and capacities, telecommunications, water and drainage, and natural gas. Ancillary program and support spaces include a concourse, meeting rooms, lobbies, and café/kitchen space.
MEP and fire protection engineering and energy modeling for Northwestern Medicine Lake Forest Hospital in Illinois. The 201-bed hospital was designed to meet future demand and modeled to achieve LEED Silver Certification. Energy conservation measures included optimizing the thermal performance of the façade while balancing the solar heat gain of the glass, external shading techniques, LED lighting, and more. ESD also reduced water-fixture use by 20 percent and domestic hot water usage by 26 percent.
Stantec has three existing offices in Chicago, for a total of five in Illinois. With a large concentration of employees in Chicago, ESD also has offices in New York City, San Francisco, and Phoenix. The acquisition will grow Stantec’s presence in Chicago to nearly 600 and to more than 2,050 in the broader US North Central region, which covers 12 states.
About Environmental Systems Design, Inc.
A global company, ESD is a leader in Improving Society Through the Built Environment. We create solutions that produce economic, environmental, and experiential benefits for our clients, many of whom are the biggest names in the worlds of business, technology — and beyond. We embrace technological change and are at the forefront of developing Intelligent Buildings. We emphasize innovation, adaptability, and sustainability when providing mechanical, electrical, plumbing, fire protection, life safety, structural, acoustical, technology, and commissioning engineering. For more information, please visit www.esdglobal.com.
About Stantec
Communities are fundamental. Whether around the corner or across the globe, they provide a foundation, a sense of place and of belonging. That's why at Stantec, we always design with community in mind.
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CONSTRUCTION
Prnewswire | March 30, 2023
TDIndustries (TD), a premier facilities service and mechanical construction firm, announced today that it received a National Inclusion, Diversity and Equity Excellence Award from Associated Builders and Contractors (ABC), which was presented at the 33rd annual Excellence in Construction® Awards at ABC Convention 2023 in Orlando, Florida, on March 16.
"At TDIndustries, we celebrate the power of individual differences and value the unique perspectives of our employee-owners," said Chief People Officer Steve Cunningham. "Inclusivity is woven into our organization's core values. I am grateful to the many individuals who devoted time and energy to advance initiatives that diversify our workforce and create a productive environment for our team members to learn and grow professionally. Their hard work made this award possible."
The National Inclusion, Diversity and Equity Excellence (IDE) Awards recognize ABC members that display exemplary IDE leadership in their company, workforce, supply chain and community with best-in-class recruitment policies, retention practices and training and mentoring programs. TDIndustries won in the Subcontractor category.
"Advancing inclusion, diversity and equity in construction the merit shop way benefits the entire industry," said 2023 National Chair of the ABC Board of Directors Milton Graugnard, executive vice president, Cajun Industries LLC, Baton Rouge, Louisiana. "ABC is pleased to recognize organizations like TDIndustries that continually prioritize these valuable components to any vibrant culture. Congratulations to this industry and business leader for committing to creating an inclusive workplace, celebrating diverse ideas and perspectives and deploying strong IDE strategies to put the best talent on the field."
TDIndustries has a comprehensive program to support workforce diversity, equity and inclusion. This program includes innovative approaches to talent acquisition, education and training, employee-owner support networks, strategic minority-owned business partnerships and community outreach.
A panel of construction professionals reviewed submission responses and selected the winning companies that excelled in advancing inclusion, diversity and equity in the industry, workforce and community.
United Rentals Inc., the world's largest equipment rental company, is ABC's IDE program sponsor and supports ABC's IDE initiatives, including the IDE Summit and National Inclusion, Diversity and Equity Excellence Awards.
ABOUT TDINDUSTRIES
TDIndustries, Inc. is a premier facilities service and mechanical construction company, and since 1946 we have pursued excellence through servant leadership, technology and innovation. TD is well-positioned to meet customers' needs and exceed expectations on any project, regardless of size, complexity, or location, within budget and on time.
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SAFETY AND REGULATION, ENGINEERING TECH
Businesswire | May 16, 2023
Bowman Consulting Group Ltd. (the “Company” or “Bowman”) (NASDAQ: BWMN), today announced the purchase of Fisher Engineering, Inc. (“Fisher”), a professional services firm specializing in customized fire protection and life safety engineering for public and private customers. Founded in 2007, Fisher serves customers across the United States and internationally from offices in Atlanta, Baltimore, Charlotte, Detroit, Portland (ME), Phoenix and Virginia Beach. The firm provides an extensive array of technical services involving code consulting, commissioning, life safety survey and analysis, systems design, fire, smoke and egress modeling, performance-based design, litigation and forensic engineering, and third-party reviews. Fisher works with clients in a broad range of sectors including aviation, data centers, education, fueling, government, healthcare, hospitality, commercial and industrial real estate, oil and gas, student housing and technology hubs. Fisher’s workforce of twenty-four professionals, including Doug Fisher, the firm’s Principal Fire Protection Engineer and Co-Founder, will join Bowman in connection with the acquisition.
“We’ve been pursuing the acquisition of Fisher for quite some time,” said Gary Bowman, CEO of Bowman. “Fisher has built a great platform from which we can expand a national and international fire protection and life safety practice. Doug and the Fisher team possess a depth of expertise that complements the services we offer and aligns perfectly with our extensive customer base. Fisher’s experience as a prime contractor to the United States federal government will provide us a pathway to expand our reach to the single largest infrastructure consumer in our market. We’re all looking forward to realizing the inherent revenue synergies that will come from this acquisition.”
“Bowman has a reach that will enable our business to grow at a rate we could not otherwise achieve,” said Doug Fisher, Principal Fire Protection Engineer and Co-Founder of Fisher. “There’s a tremendous opportunity to leverage our collective experiences, customers, and cultures to create something far bigger and more valuable than what we have today. Fisher brings experience in federal contracting and prime government contracts that enhance Bowman’s ability to expand its public and federal penetration. Our staff is excited to become part of the Bowman team and to access the many professional development programs and career growth tracks Bowman offers their employees.”
The Company expects the Fisher acquisition to contribute approximately $5 million of annualized net service billing before revenue synergies and be immediately accretive. Financed with a combination of cash, seller notes, and equity, the acquisition falls within previously discussed target multiple and operating metric ranges. More detailed information on M&A activities, pipeline, and guidance updates will be provided in connection with scheduled quarterly and annual communications.
About Bowman Consulting Group Ltd.
Headquartered in Reston, Virginia, Bowman is an engineering services firm delivering infrastructure solutions to customers who own, develop, and maintain the built environment. With over 1,650 employees and more than 70 offices throughout the United States, Bowman provides a variety of planning, engineering, geospatial, construction management, commissioning, environmental consulting, land procurement and other technical services to customers operating in a diverse set of regulated end markets. Bowman trades on the Nasdaq under the symbol BWMN.
About Fisher Engineering, Inc.
Fisher Engineering, Inc. was established in 2007 with the aim of offering clients a responsive, personal solution to fire protection engineering services. Fisher strives to provide customized, high-quality fire protection engineering services to clients across the country and abroad. Fisher employs an accredited team of registered fire protection engineers with advanced degrees in fire protection engineering. With offices and personnel in Atlanta, Baltimore, Charlotte, Detroit, Portland (ME), Phoenix, Southern California and Virginia Beach, Fisher is well positioned to access project sites throughout North America and internationally. For more information on Fisher Engineering, Inc., their projects, and services, visit www.feifire.com.
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