Fluor to Offer Engineering Services to Neptune's Dutch Assets

Diversified Services business - has received a four-year framework contract from Neptune Energy for the latter’s brownfield and decommissioning project. Per the agreement, Stork’s joint venture company - Stork Worley Integrated Solutions - will provide engineering, procurement, construction, installation and commissioning, and decommissioning services to Neptune Energy's Dutch assets in the North Sea for a brownfield modification. The integrated partnership between Stork and Worley will drive performance in safety, excellence, teamwork, operations and project value for this purpose. Neptune is part of an independent global exploration and production company - Neptune Energy Group. It is the largest producer of offshore gas and oil in the Dutch sector of the North Sea.

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Window Nation Breaks New Ground in the Emerald City Expanding Services to Seattle

PR Newswire | January 09, 2024

Window Nation, one of the nation's leading window replacement companies, proudly announces its much-anticipated expansion into the vibrant city of Seattle. With a reputation for delivering first-rate windows and unparalleled customer service, Window Nation is set to redefine the standard for home improvement in the Pacific Northwest. Seattle's unique blend of historic charm and modern architecture makes it an ideal canvas for Window Nation to highlight its diverse range of high-quality window products. The company's CEO and President, Jeff Beck, expressed enthusiasm about this strategic move, saying, "Seattle's dynamic housing landscape and the city's commitment to sustainability align perfectly with our values at Window Nation. We are thrilled to bring our expertise to homeowners in the Pacific Northwest and enhance the beauty and functionality of their homes." As Window Nation makes its mark in Seattle, Beck emphasized the company's commitment to upholding its renowned quality standards. "Our windows are crafted with precision and designed to withstand the distinctive weather patterns of the Pacific Northwest, "Seattle homeowners can trust Window Nation to deliver not only exceptional products but also a seamless and stress-free experience from consultation to installation." With a record of transforming homes across the nation, Window Nation is poised to become the go-to choice for Seattle homeowners seeking top-tier windows and exceptional service, redefining the window replacement experience for homeowners across the city. Inviting Seattle residents to embrace a clear view of the future—one framed by quality, style, and innovation.

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Engineering Tech, Construction

Day & Zimmermann Awarded $985M Tennessee Valley Authority Non-Nuclear Maintenance Contract

PR Newswire | January 05, 2024

Day & Zimmermann (D&Z) announced today that the Tennessee Valley Authority (TVA) has awarded its Maintenance and Construction division a contract to perform maintenance and modification (M&M) services for all of the utility's hydroelectric dams, gas, coal, and pumped-storage hydroelectricity facilities. D&Z will also perform scaffolding, coatings, insulation, asbestos abatement, and lead abatement work. The $985 million contract spans five years with the option to renew for an additional five years. Mobilization will be completed by the end of January. "As the nation's leading maintenance and modifications provider to the power industry, D&Z is best positioned to deliver innovation, a cost-effective and flexible delivery model, and safe and reliable, quality services to TVA," said John McCormick, president of D&Z's Maintenance and Construction division. "With our more than 25 years of experience working with TVA, we've grown to be part of the fabric of the region. We're honored to further lend our expertise and ultimately serve the people of the Tennessee Valley." D&Z has extensive experience and a strong partnership with the union building trades in and around the Valley, which helps the company optimize its resource pool in the area. The contract award underscores D&Z's ability in finding the right quantity and quality of craft professionals to help meet TVA's current and future needs. "As a strong utility partner, D&Z is vested in the Tennessee Valley's prosperity—its people, its community, and its energy needs. We hold long-standing relationships with union labor leaders at the local levels and have a proven track record of safety and developing skilled craft professionals and leadership," said Jason Dunaway, president of Day & Zimmermann's union operations. D&Z has a history of community outreach across the Tennessee Valley and a deep-rooted system of local diverse suppliers. In April 2022, TVA named D&Z its 2022 Prime Supplier of the Year through TVA's Diversity Alliance Program. D&Z has instituted an enterprise-wide supplier diversity initiative with defined diversity standards and processes and administers an employee recognition campaign that rewards employees financially for identifying and developing diverse suppliers. D&Z's Maintenance and Construction division helps customers in power, government, and industrial markets lower their total cost of ownership and do their best work better by delivering safe, first-time quality maintenance, construction, engineering, and specialty services.

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Engineering Tech, Construction

Comfort Systems USA Announces Acquisition

Business Wire | February 01, 2024

Comfort Systems USA, Inc. today announced that it has closed its previously announced transaction to acquire Summit Industrial Construction, LLC (“Summit”) headquartered in Houston, Texas. As previously disclosed, Summit is a specialty industrial mechanical contractor offering engineering, design-assist and turnkey, direct hire construction services of modular systems serving the advanced technology, power, and industrial sectors. Summit’s capabilities encompass a wide range of modular and site-based construction, including process piping, equipment setting, large pipe rack trestles, and related steel erection and specialty concrete work. Summit is a trusted supplier to some of the world’s largest advanced technology, power and industrial companies and is currently deployed on several major chip fabrication projects. Initially, Summit is expected to contribute annualized revenues of approximately $375 million to $400 million, and earnings before interest, taxes, depreciation, and amortization of $35 million to $40 million. In light of the amortization expense, Summit is expected to make a neutral to slightly accretive contribution to earnings per share in 2024 and 2025. Brian Lane, Comfort Systems USA’s Chief Executive Officer, commented, “We are delighted to announce the closing of our agreement to acquire Summit, an extremely capable provider of modular and other complex mechanical services. Summit brings a stellar reputation as a modular technology leader in growing end markets, including multiple ongoing and large semiconductor projects. We are happy to welcome Summit’s wonderful leadership team and excellent production and craft workers across many states, and we are confident Summit will continue to innovate and grow as a part of our network of world-class contracting companies. We are grateful that Summit has chosen to become part of Comfort Systems USA.”

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