SOURCE: Parsons

Parsons

January 20, 2012 15:08 ET

Parsons Acquires O'Connor Associates

Firm Expands Parsons' Portfolio of Environmental Services

PASADENA, CA--(Marketwire - Jan 20, 2012) - Parsons is pleased to announce that it has acquired privately held O'Connor Associates, a leading environmental consultancy firm in Canada. O'Connor Associates will increase Parsons' presence in Canada and enhance our efforts in the areas of environmental site investigation and remediation. O'Connor Associates meets the environmental business needs of its customers, which include Imperial Oil, Suncor Energy Products, 7-Eleven, and Hydro One.

Parsons also announced today that O'Connor Associates will be integrated into Parsons Environment & Infrastructure. This business unit is a leading provider of world-class environmental, water, and sustainable energy infrastructure to municipal and private sector customers.

"O'Connor Associates will accelerate our growth strategy and expand our environmental service offerings. We look forward to joining forces with O'Connor Associates' exceptional employees, and we welcome them to our team," said Chuck Harrington, Parsons' Chairman and CEO. "Because there is little overlap in our customer bases, this acquisition provides a framework to leverage both Parsons' and O'Connor Associates' talent and customer relationships into untapped geographies and/or service offerings."

"This is an exciting new chapter for O'Connor Associates," said Scott Digel, O'Connor Associates President and CEO. "By leveraging each other's expertise, we are better positioned for growth and will serve more customers and provide them with expanded service offerings."

Founded in 1979, O'Connor Associates reported revenues of CAN$34.9 million in 2010. O'Connor Associates has nearly 200 employees and maintains six offices across Canada with its headquarters in Calgary, Alberta. A pioneer in the assessment and remediation of sites contaminated by petroleum products, the firm has gained invaluable experience providing service to more than 9,000 sites across Canada and 50 sites internationally. O'Connor Associates offers the capabilities of a large company and the responsiveness of a small company, backed by a history of excellence and customer satisfaction.

Parsons' portfolio of projects in Canada includes Drive Clean motor vehicle emissions inspection program (Ontario), Ontario Hydro nuclear plant services (Ontario), Nokia Siemens Networks/WIND Mobile network deployment (Ontario), the award-winning Kicking Horse Canyon improvement (British Columbia), Northwest Edmonton Ring Road and Northeast Calgary Ring Road (Alberta), Calgary International Airport Runway development program (Alberta), Winnipeg International Airport redevelopment program (Manitoba), Lester B. Pearson International Airport terminal development (Ontario), Toronto Rapid Transit expansion (Ontario), Honoré-Mercier Bridge repairs and renovation (Quebec), and the award-winning Autoroute 25 completion project (Quebec).

Parsons provides a full range of environmental services, including environmental studies and planning, site investigation and remediation, decontamination and demolition, sediment management, environment-related services for the federal government, and industrial wastewater and groundwater treatment. By integrating sustainable, green practices into our projects, we protect human health and the health of our planet's most valuable resources.

Parsons, celebrating more than 65 years of growth in the engineering and construction industry, is a leader in many diversified markets with a focus on environmental/sustainable energy, infrastructure, and defense/security. Parsons delivers design/design-build, program/construction management, professional services, and innovative alternative delivery solutions to federal, regional, and local government agencies, as well as to private industrial customers worldwide. For more about Parsons, please visit www.parsons.com.