Underground Infrastructure - May 2023 - 43

New Cosmos USA, Inc. is a wholly owned
subsidiary of New Cosmos Electric Co., Ltd.,
which has a 70-percent market share in the residential
methane gas alarm market in Japan and
has sold more than 70 million units worldwide.
DeNova Detect alarms are proven by
third-party testing to offer the most nuisance-resistant,
effective, and reliable solution to alert
occupants of a potential safety hazard - well
before any possibility of an incident. New Cosmos
USA, Inc. has successfully deployed over
250,000 alarms in partnership with major U.S.
utilities with virtually zero false alarms.
The demand is rising for residential methane
gas alarms in the U.S., driven both by natural gas
utilities' desire to reduce the risk of natural gas
incidents, and by safety standards on the horizon
from regulatory agencies, including UL and NFPA.
Based in Houston, Heath Consultants Incorporated
is a third-generation, family-owned
business founded in 1933 that virtually invented
what has become today's utility related methane
leak detection industry.
Heath develops, manufactures, and distributes
a wide variety of sophisticated products
designed to reduce harmful environmental
emissions and protect life and property. It also
provides methane leak detection and related
services to gas utilities through its 1,600 highly
trained service personnel nationwide.
Xylem
xylem.com
Xylem Inc., a leading global water technology
company, has entered into a definitive agreement
to acquire Evoqua, a leader in mission-critical
water treatment solutions and services, in an
all-stock transaction with an implied enterprise
value of approximately $7.5 billion.
As water risks rise in global importance, this
transaction unites two companies with a shared
focus on solving the world's water challenges,
by addressing customers' and communities'
most critical needs. The combined company
will be uniquely positioned to develop and
deliver an even more comprehensive offering
of innovative solutions.
A leader in North America water treatment,
Evoqua complements Xylem's distinctive
portfolio of solutions with advanced water and
wastewater treatment capabilities, a powerful
and extensive network of service professionals
and access to industrial markets with resilient,
recurring revenue streams.
Evoqua's solutions, including digitally enabled
offerings, optimize and outsource mission-critical
water treatment systems for customers in
high-growth sectors such as life sciences, microelectronics,
power and food and beverage.
In addition, Evoqua is a leader in the remediation
of emerging contaminants, including PFAS.
The combination also unlocks compelling
new growth opportunities and is expected to
deliver run-rate cost synergies of $140 million
within three years, driven by scale efficiencies
in procurement, network optimization and corporate
costs. In addition, the transaction allows
Xylem to maintain its strong balance sheet,
which provides the combined company with
significant strategic flexibility and optionality.
RINA
rina.org
torial expertise, particularly in sustainability and
energy transition, presents an ideal opportunity
to make a significant contribution to projects facilitated
by the current bipartisan US Infrastructure
Investment and Jobs Act, " said Ugo Salerno,
chairman and CEO at RINA.
Felling Trailers
felling.com
Felling Trailers Inc., a national leader in industrial
and commercial trailers, was awarded a cooperative
Sourcewell purchasing contract in the
Trailers category.
Sourcewell is a self-sustaining government
organization helping government, education,
and nonprofit agencies with access to
cooperative purchasing solutions. For close to
a decade, Felling Trailers has held a Sourcewell
contract. The company received its first
Sourcewell awarded contract in 2014 in the
Heavy Equipment Trailers category.
As a prior Sourcewell contract holder, Felling
Daniel Dietzler, founder of Patrick Engineering (left)
and Ugo Salerno, chairman and CEO of RINA.
RINA, the inspection, certification and engineering
consultancy, has acquired the entire share
capital of Patrick Engineering Ltd. The Chicago-based
engineering consultancy company.
With a turnover of approximately 82 million
dollars and 340 employees in 19 offices, mainly
in the U.S. Northeast, Patrick Engineering will
be fully integrated into RINA Consulting, the
subsidiary of the RINA Group operating in the
engineering sector.
The acquisition is aligned with RINA's strategy
to grow both organically and via acquisitions
and further strengthens its geographic footprint.
Also adding competencies across the group, it
positions the group to better support international
and local clients in large overseas projects.
Founded in 1979, Patrick Engineering, which
will remain as a brand part of the RINA Group,
has a strong local presence, high-quality service
portfolio, and respected technical capabilities.
" Patrick Engineering's prominent position in
the US energy, infrastructure and transportation
sectors, combined with RINA's strong multi-secTrailers,
Inc. will continue to provide innovative
transportation solutions for each Sourcewell
participating agency. Felling Trailers has an
extensive dealer network that spans the nation
providing Sourcewell users access to contract
pricing no matter their location. Felling's Trailer
Experts will work to provide agencies with the
right transport solution to fit their entity's needs.
Felling Trailers is a family-owned and
operated full-line trailer manufacturer located
in Central Minnesota. Since 1974, it has grown
from a small shop to a factory and office complex
covering more than 349,000 square feet.
The company's pride and differentiation is its
customized trailer division.
Critica
criticiainfra.com
ClockSpring|NRI, a portfolio company of Wind
Point Partners, unveiled a new corporate brand
name and logo: Critica Infrastructure.
Critical infrastructure assets, the arteries and
systems that keep global economies thriving,
are increasingly operating beyond their original
design life. Critica Infrastructure solutions,
including associated engineering support and
training services, are trusted by asset owners,
UndergroundInfrastructure.com | MAY 2023 43
http://www.felling.com http://www.rina.org http://www.xylem.com http://www.criticiainfra.com http://www.UndergroundInfrastructure.com
Underground Infrastructure - May 2023

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