Engineering Inc. - May/June 2015 - (Page 6)
MarketWatch
BY G E R RY D O N O H U E
Opportunities for Environmental
Services Growing, Changing
L
eaders of environmental firms forecast
strong growth in the
segment over the next few
years.
"With the economy heating up, we're seeing a lot of
increased activity," says Mike
Covert, corporate director of
environmental services at Terracon Consultants in Olathe,
Kan. "Our environmental
services business was up 14
percent in 2014, and we're
expecting to be up 15 percent
this year."
Other firm leaders estimate growth ranging from 8
to 12 percent over the next
few years. Such optimism
bodes well for the rest of the
engineering industry. Environmental services-which
include site investigation,
remediation, regulatory
compliance, environmental
design and management, and
testing-play an early role
in many other engineering
segments.
Private
Market Leading
the Way
At the same time that the
environmental services market is expanding, the client
mix is changing dramatically.
"For a long time, the public
sector was a healthy place for
an environmental services
firm to be," says Stephen
Browning, senior vice president of Weston Solutions,
which does about 75 percent
of its environmental services
business with federal, state
and local governments. "But
with the federal government's
efforts to transfer increasing
levels of risk onto contractors ... we have increasingly
moved into the commercial
space."
Additionally, as the economy has picked up speed, so
has the private sector's demand
for environmental services.
"We've seen a big jump in
commercial development,"
says Covert. "We're seeing a
lot of activity in urban infill,
and a lot of those properties
have existing structures, so
we're doing demolitions and
renovations."
Ironically, one of the
primary drivers behind the
growth in the private-sector
market has been the increase
in public-sector regulation,
including recently released
rules on air emissions and
water.
"Regulatory compliance
is pretty hot," says Covert.
"We're seeing a lot of national
companies seeking compliance services on a broader
basis in order to get ahead of
ASHLEY COOPER/GETTY IMAGES
Prior to construction of the new 60-acre Julius M. Kleiner
Memorial Park on a former dairy farm in Meridian, Idaho, the
site required complete redevelopment including substantial
grading and topographic changes.
6
ENGINEERING INC.
MAY / JUNE 2015
Table of Contents for the Digital Edition of Engineering Inc. - May/June 2015
Engineering Inc. - May/june 2015
Contents
From ACEC to You
Legislative Action
Market Watch
2015 Convention Wrap-Up
2015 Engineering Excellence Awards
Now You’re Connecting
Putting Minority Students on Engineering Track
ACEC/PAC Honor Roll
Guest Column
Business Insights
Members in the News
Mergers and Acquisitions
Engineering Inc. - May/June 2015
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