FEIGIN Michael M. Feigin has been named senior vice president, general counsel and corporate secretary of Weeks Marine Inc., the Cranford, N.J.-based marine and transportation contractor. Set to start May 31, he formerly is managing director for construction advisory services based in New York City for Navigant Consulting Inc., Chicago. Feigin also had been managing director and global construction practice leader at insurance broker Marsh and executive vice president and chief administrative officer at contractor Bovis Lend Lease. Weeks Marine ranks 86th on ENR’s list of the Top 400 Construction Firms, with $540 million in revenue in 2010.
London-based engineering and project management firm AMEC said May 17 that it has agreed to buy MACTEC, the Atlanta area engineer and environmental services firm. for $280 million in cash. The proposed deal elevates MACTEC, now 85% owned by a private equity firm, into the global services market, while boosting AMEC’s presence in the U.S.Under the deal, set to close by the end of June, MACTEC and its 2,600 U.S. employees in 70 offices will become part of AMEC’s Earth & Environmental (E&E) unit, which specializes in environmental, remediation, water resources and infrastructure markets, among others.That unit, now based in
London-based engineering and project management firm AMEC said May 17 that it has agreed to buy MACTEC, the Atlanta area engineer and environmental services firm. for $280 million in cash. The proposed deal elevates MACTEC, now 85% owned by a private equity firm, into the global services market, while boosting AMEC’s presence in the U.S.Under the deal, set to close by the end of June, MACTEC and its 2,600 U.S. employees in 70 offices will become part of AMEC’s Earth & Environmental (E&E) unit, which specializes in environmental, remediation, water resources and infrastructure markets, among others.That unit, now based in
For the last three decades, cleaning up what others have left behind has been good business for Sevenson Environmental Services Inc., Niagara Falls, N.Y. But in 2010, the returns were especially rewarding, as the remediation contractor saw revenue jump 33%, vaulting it nearly 100 places up the Top 400. Photo: Courtesy Of Sevenson Environmental Services Related Links: The Top 400 Contractors: At a Glance CEO Michael A. Elia attributes the rise to federal stimulus funding for Superfund and other waste- cleanup projects. “The government wanted projects staffed at every level,” says Elia. The firm also has been an emergency responder
A continuing crackdown by New York City prosecutors on fraud in the city’s interior renovation market has netted its latest results�the May 5 indictments of six area subcontracting firms and their owners, in a contractor bid inflation scheme that overcharged clients by at least $30 million in the last decade. Related Links: New York CM Firm Indicted in Client Bilk Scheme The firms and executives were charged with second-degree grand larceny for colluding with Manhattan-based Lehr Construction Corp. in the fraud. That construction management firm and four of its leaders were indicted on May 4 on charges that included fraud,
A continuing crackdown by New York City prosecutors on fraud in the city’s interior renovation market has netted its latest results—the May 5 indictments of six area subcontracting firms and their owners, in a contractor bid inflation scheme that overcharged clients by at least $30 million in the last decade. The firms and executives were charged with second-degree grand larceny for colluding with Manhattan-based Lehr Construction Corp. in the fraud. That construction management firm and four of its leaders were indicted on May 4 on charges that included fraud, corruption, grand larceny and money laundering. “The defendants in this case
Not content to see themselves locked at 2.5% of the national craft union workforce for the past 30 years, more than 625 tradeswomen gathered in Oakland last weekend to learn how to boost those numbers at the first national conference for women in the trades. Photo by Vicki Hamlin, Tradeswomen Inc. Photo by Vicki Hamlin, Tradeswomen Inc. Sean McGarvey, national building trades� secretary-treasurer The meeting, co-sponsored by the AFL-CIO’s Building and Construction Trades Dept., included women craft workers from across the country and Canada. It was also the 10th annual Women Building California conference, which, according to conference organizers, never
Arthur G. Witters, among the first construction program graduates of the University of Florida, a retired U.S. Air Force colonel and a key figure in managing design, construction and early operation of the Air Force Academy in Colorado Springs, Colo., died on April 16 in Orlando at age 91. The cause was pulmonary fibrosis, says Richard C. Witters, his son and president of design firm Witters & Bank, an Arlington, Va., engineering firm. Witters (center) shows model to Lt. Gen. Hubert Harmon (right), the academy’s first superintendent, and Dwight Eisenhower in 1954. WITTERS After earning his degree in 1941 and
Frank L. Stahl, 91, a Holocaust survivor who became a noted bridge designer and the chief engineer at Ammann & Whitney Consulting Engineers PC, at which he built and rehabbed many landmark U.S. spans and highways, died on April 17 in Sandy Springs, Ga. The New York City firm says his death was due to natural causes. Stahl stands at the record-settingVerrazano-Narrows bridge, which opened in 1964. STAHL Stahl joined A&W in 1946, working directly for its legendary founder, O.H. Ammann. Stahl held key roles in designing Philadelphia's Walt Whitman Bridge and New York's Verrazano-Narrows and Throgs Neck bridges in
Chief financial officers of engineering companies underestimated the speed of the industry's post-recession recovery, but they are taking aggressive steps to rein in costs and focus on balance sheets. In a survey of 120 firms, CFOs report median growth of 2% in 2010, below the 4.5% increase they projected for the year when queried last April. They also report a 9.6% median profit margin for last year, less than the 10.7% return they had forecast a year ago. “I see the increasing role of metrics and squeezing costs,” said Paul Zofnass, president of EFCG Inc., a New York City financial
