Press Releases

Moretrench’s Keith LaRue, P.E. Promoted to Northeast Regional Manager, Geotechnical Operations

Moretrench is pleased to announce that Keith LaRue, P.E., has been promoted to Northeast Regional Manager for Moretrench’s geotechnical operations. A 1994 graduate of Worcester Polytechnic Institute with a B.S. in Civil Engineering, Mr. LaRue, […]

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Press Releases

Layne Christensen Company Acquires Bencor Corporation of America

MISSION WOODS, Kan., Nov. 17, 2010 (GLOBE NEWSWIRE) — Layne Christensen Company ("Layne") (Nasdaq:LAYN) today announced the acquisition of Bencor Corporation of America – Foundation Specialist ("Bencor"). Founded in 1969, Bencor is one of North America’s leading contractors in foundation and underground engineering. Bencor specializes in deep foundations for dams, levees, shafts and below ground structures and also excels in the design and building of earth support retention systems for basement excavation for high-rise structures, subway lines and stations and depressed highways. Bencor has performed work in the United States, Canada, South America, Europe and North Africa and has over 100 permanent employees headquartered in Dallas, Texas. The purchase price for the stock of Bencor was $32.1 million. Management projects first year revenues and earnings per share of approximately $50 million and $0.20-$0.25 per share, respectively, after purchase accounting adjustments.

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Press Releases

Layne Christensen Drillers Reach Trapped Miners in Chile

MISSION WOODS, Kan., Oct. 10, 2010 (GLOBE NEWSWIRE) — “Plan B” worked. Winning the three-way race to reach the 33 miners trapped in Chile since Aug. 5, drillers from Kansas City-based Layne Christensen Co. broke through at 8 a.m. Saturday.

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Press Releases

Dataforensics’ PDensity and PConcrete implemented for Houston Rapid Transit Joint Venture

Norcross, Georgia, October 1, 2010 – Dataforensics software applications PDensity and PConcrete are being used by the HRT joint venture currently building the Houston Light Rail Project; a $1.46 billion dollar design, build and maintenance contract.

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Press Releases

Nicholson Opens New Offices in Austin and Kansas City

PITTSBURGH, PA – August 17, 2010 – Nicholson Construction Company is pleased to announce the opening of new offices in Austin, TX and Overland Park, KS (Kansas City). The Texas office will enhance Nicholson’s service to its Texas and Gulf Coast customers and the Kansas City office will strengthen Nicholson’s Midwestern presence. The two offices are now fully-operational with engineering, project management, and field operations resources available.

[Editor] Click through for the rest of this press release from GeoPrac.net Sponsor Nicholson Construction. [/Editor] […]

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Press Releases

Layne Christensen Company Acquires Interest in South American Geotechnical Companies

MISSION WOODS, Kan., Aug. 25, 2010 (GLOBE NEWSWIRE) — Layne Christensen Company (“Layne”) (Nasdaq:LAYN) today announced the acquisition of a 50% interest in Diberil Sociedad Anonima, a Uruguayan company and parent company to Costa Fortuna (Brazil and Uruguay). Costa Fortuna, with operations in Sao Paulo, Brazil and Montevideo, Uruguay, is one of the largest providers of specialty foundation and specialized marine geotechnical services in South America. Layne has mineral exploration operations already in Brazil and sees the expansion of its geotechnical construction business into this market as a very strategic opportunity. Costa Fortuna, with 250 employees, produced approximately $25 million in revenue and $4.5 million in earnings before interest, income taxes, depreciation and amortization for the year ended December 31, 2009. Layne’s investment for its 50% interest included the purchase of shares from individuals for $10.1 million and the purchase of shares directly from Diberil for $4.8 million resulting in, net of Layne’s interest in Diberil, an economic investment of $12.5 million. Subsequent to the acquisition, both shareholders contributed $1.25 million in cash for working capital. In addition, and as part of this transaction, Diberil purchased from Layne 100% of the stock of Layne GeoBrazil for $4.8 million. Layne will record activity from its investment in Diberil as equity in earnings of affiliates.

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Howard Hanson Dam grouting by Nicholson Construction
Press Releases

Nicholson Completes Howard Hanson Grout Curtain Project

Howard Hanson Dam grouting by Nicholson Construction

PITTSBURGH, PA – July 30, 2010 – In early 2010, Nicholson Construction Company finished the construction of a double-line grout curtain at the Howard A. Hanson Dam in western Washington State. This high profile project was completed under a very strict schedule and heavy public scrutiny.

Howard A. Hanson Dam, built in 1962, is an earth embankment dam. The dam embankment is 235 feet high and 675 feet long. The composition of the right abutment foundation is partially bedrock and unconsolidated alluvial and landslide material. The right abutment has leaked since the dam became operational. A leak in January 2009 filled the reservoir higher than ever, prompting the U.S. Army Corps of Engineers (USACE) to reclassify Hanson Dam as “unsafe” with an “urgent and compelling” need for immediate action.

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Press Releases

Agra Foundations Acquired by Soletanche Freyssinet

PITTSBURGH, PA – July 13, 2010 – Nicholson Construction Company is pleased to announce that Soletanche Freyssinet, a world leader in civil engineering and construction, acquired Agra Foundations Limited on June 25, 2010. Agra Foundations specializes in piling and ground improvement. Agra is headquartered in Edmonton, Alberta, and primarily operates in Western & Central Canada, where it has six office locations. Agra Foundations will continue to operate as an autonomous company, under the leadership of their President, Derek Harris, P.Eng, a 28 year veteran of the company.

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