WC Monitor
9/12/2014
IN THE INDUSTRY
Canadian firm WSP Global has reached a deal to purchase Parsons Brinckerhoff from parent company Balfour Beatty for approximately $1.35 billion. The deal, announced last week, entails an enterprise value of approximately $1.24 billion and a “cash consideration” of up to $110 million, according to a release. The terms of the deal have been approved by the Boards of both WSP and Balfour Beatty, and the two companies expect to complete the transaction in the fourth quarter of this year.
The Idaho Advanced Mixed Waste Treatment Project has received the Department of Energy’s Department’s Voluntary Protection Program’s Star of Excellence award. The award is given to a site where injury and illness incident rates, and lost workday injury and illness rates, are at least 75 percent below the Bureau of Labor Statistics national average in the industry, according to a release issued this week by Idaho Treatment Group, LLC, the managing contractor for the AMWTP. “This is a workforce that cares about each other and is determined to improve its safe work practices every day,” ITG President and Project Manager Danny Nichols said in the release. “With more than 16 million hours worked without a lost time injury—nearly 11 years of operations—there is a clear demonstration of watching out for the safety of others.”
Nuclear Safety Associates announced the company has officially been acquired this week by Atkins. The acquisition for Atkins moves the company closer into the U.S. cleanup market, especially for Department of Energy contracts. Atkins cited NSA’s expertise in Nuclear Regulatory Commission regulations as a key addition to the firm. “NSA has a reputation for technical excellence and skills which complement those of Atkins,” Atkins’ Managing Director for the Nuclear Business in Energy Chris Ball said in a statement. “NSA’s highly qualified workforce and its people and client focused culture are a perfect fit for Atkins.” Ball added, “Atkins’ nuclear business is also supporting countries that are building nuclear for the first time, and those countries are establishing US-style regulatory regimes. NSA’s expertise in the US Nuclear Regulatory Commission regulatory environment will be of great value in delivering these projects.”
