Access Intelligence acquires P3C Media

Access IntelligenceMedia and information company Access Intelligence has acquired P3C Media, owner of The Public-Private Partnership (P3) Conference and Expo, the leading education and networking event for P3 leaders from government and industry to discuss infrastructure challenges and innovations in project delivery, procurement, life cycle asset management and solutions. The terms of the deal were not disclosed.

Founded in 2012 by P3C Media President Eric Iravani, the company’s premier events attract senior representatives from government, higher education institutions, and leading firms in the global construction and financial markets. Today, P3C Media has several vertical events that surround their flagship Public-Private Partnership Conference, including: The P3 Water Summit, The P3 Airport Summit, The P3 Higher Education Summit and The P3 Federal Conference.

Don Pazour, CEO of Access Intelligence, said, “P3C Media has been at the forefront of the burgeoning private-public partnership space for many years and has firmly established itself as the market leader for bringing together top government, industry and financial leaders across several verticals in the P3 marketplace. We are delighted to add the P3C Media brand to our company’s portfolio, to welcome an extremely talented team into our family, and to fast-track our leadership position in the P3 marketplace.”

Upcoming P3C Media events include The P3 Federal Conference Nov. 27-28 in Washington, DC and The Public-Private Conference & Expo, March 4-6 in Dallas, TX. The Public-Private Partnership Conference & Expo is one of the largest gatherings of government and construction professionals in the United States.

USA, Rockville, MD & New York, NY

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RPS acquires Clear Environmental Consultants for up to £8.34 million.

RPSlogoRPS Group plc has acquired Clear Environmental Consultants Ltd, a UK based consultancy providing services primarily to the water industry, for a maximum consideration of £8.34 million.

Founded in 2003, Clear has offices in Derby, Sheffield and Glasgow in the UK. The company, which employs about 90 permanent staff, as well as utilising part time specialist associates, works primarily on projects for the UK water industry. Its services include: urban pollution management, sewerage and river modelling and ecology. The RPS Board sees good opportunities in these markets during the next phase of the development of the UK water industry, when dealing with wastewater will be a priority.  Opportunities should also emerge to utilise Clear’s high quality technical skills in other parts of the Group’s European business.

The four vendors of the business, together with all employees, are remaining with RPS.clear

In the year ended 31 January 2014, Clear had revenues of £5.61 million and profit before tax of £1.83 million, after adjustment for non-recurring items.  Net assets at 31 January 2014 were £2.23 million, including £1.92 million of cash.  Gross assets at 31 January 2014 were £3.09 million.

RPS is acquiring the entire share capital of Clear for a maximum total consideration of £8.34 million, all payable in cash. Consideration paid at completion was £6.84 million. Subject to certain operational conditions being met, the balance which is a maximum of £1.50 million, will be paid no later than 31 May 2017.

Alan Hearne, Chief Executive of RPS, commented: “Clear has an excellent reputation and track record. Its skills will assist RPS penetrate further the growing wastewater market in the UK, as well as providing us with opportunities to offer a broader range of services to other clients.”

UK, Abingdon, Oxfordshire & Derby