The purchase, set for close in Q4, would add 5,000 employees to Montreal-based design firm's workforce and $875 million in revenue, mostly to its earth and environmental practice.
With more than $12 billion in IIJA funding allocated to carbon capture and sequestration (CCS) technologies, AEC firms will need to innovate together to engineer, procure and construct pilot and demonstration projects that prove CCS technology can be adopted at a commercial scale.
As supply chain disruptions threaten to shelve some projects completely, more owners are using professional services firms to help reconfigure limited staff resources and keep schedules moving forward.
With projects facing rising material costs, crunched schedules and labor shortages, project delivery firms say owners are finding themselves at a fork in the road when it comes to design-bid-build versus alternative delivery models.
The need for a more diverse and representative staff seems to punctuate every workforce development conversation at AEC firms. Whether the industry is ready and willing to have a serious conversation about the needs of those diverse workers is another matter entirely.
The global professional services firm says the deal advances its strategy for environmental consultjng services to account for one-third of its global annual net revenue by 2024.
“If you build it, they will come” isn’t just a version of a famous film line. For Top 400 contractors navigating markets bogged down by supply shortages and delays, it’s strategy.
To boost women's career tracks as industry sectors grow and change, attendees shared creative approaches at ENR's Groundbreaking Women in Construction live conference, held earlier this month.