Article by The Shaw Group Inc.
Acquisition Expands Company’s Water Resources as good as Ports as good as Harbors ExpertiseBATON ROUGE, La., March 08, 2011 (BUSINESS WIRE) — The Shaw Group Inc. (NYSE: SHAW) now voiced it has acquired Coastal Planning & Engineering Inc. (CPE), a personality in coastal engineering as good as restoration, in an all-cash stipulate valued during you estimate million. Based in Boca Raton, Fla., CPE’s full operation of services includes coastal modeling, oceanographic measurements, sea biology, geotechnical surveys, hydrographic surveys as good as sea geology. CPE’s 27-year story of coastal projects includes beach nourishment as good as island replacement following hurricanes as good as alternative erosion, offshore silt register as good as boat maneuvering studies for latest as good as existent ports. The association has worked with Shaw upon mixed coastal engineering projects, together with a many latest silt berm plan for a state of Louisiana. Additionally, this merger includes a participation in Brazil for Shaw, which can house a country’s indispensable coastal restoration, pier redevelopment as good as expansion, as good as oil as good as gas development. “The merger of Coastal Planning & Engineering positions Shaw as a transparent personality in coastal replacement services,” pronounced George Bevan, boss of Shaw’s Environmental & Infrastructure Group. “Our existent plan government capabilities as good as ports as good as harbors expertise, right away total with CPE’s coastal engineering services, concede Shaw to gain upon mixed opportunities, together with replacement of a Gulf Coast, pier expansions as good as offshore appetite await globally.” Shaw’s own coastal knowledge includes vital planning, design, building a whole as good as plan monitoring in assorted coastal terrains, together with Louisiana as good as Florida. Currently, Shaw is heading a largest design-build polite functions plan ever awarded by a U.S. Army Corps of Engineers, a Inner Harbor Navigation Canal Surge Barrier in New Orleans. The large separator is a pass member in a Corps’ Hurricane as good as Storm Damage Risk Reduction System, which is dictated to yield 100-year storm-surge insurance for a larger New Orleans area when completed. Shaw additionally supposing imagination in reply to a Deepwater Horizon oil brief with a origination of silt berms off a seashore of Louisiana, a largest coastal silt separator plan in U.S. history. The transaction, which is theme to post-closing adjustments, was finished in Shaw’s third entertain of mercantile year 2011. The Shaw Group Inc. (NYSE: SHAW) is a heading tellurian provider of engineering, construction, technology, fabrication, remediation as good as await services for clients in a energy, chemicals, environmental, infrastructure as good as puncture reply industries. A Fortune 500 association with mercantile year 2010 annual revenues of billion, Shaw has you estimate 27,000 employees around a universe as good as is a energy zone attention personality according to Engineering News-Record’s list of Top 500 Design Firms. For some-more information, greatfully revisit Shaw’s website during http://www.shawgrp.com. This press recover contains forward-looking statements as good as report about a stream as good as destiny prospects, operations as good as monetary results, which have been formed upon now accessible information. Actual destiny formula as good as monetary opening could change significantly from those expected in such statements. Among a factors which could means destiny events or exchange to talk about from those you design have been those risks discussed in a Annual Report upon Form 10-K for a mercantile year finished Aug 31, 2010, a Quarterly Reports upon Form 10-Q for a buliding finished Feb 28, 2010, May 31, 2010 as good as Nov 30, 2010, as good as alternative reports filed with a Securities as good as Exchange Commission (SEC). Please review a “Risk Factors” as good as alternative cautionary statements contained in these filings. Our stream expectations might not be satisfied as a outcome of, between alternative things: • Changes in a clients’ monetary conditions, together with their collateral spending; • Our capability to acquire latest contracts as good as encounter a opening obligations; • Client stipulate cancellations or modifications to stipulate scope; • Worsening tellurian mercantile conditions; • Changes to a regulatory environment; • Litigation or settlement decisions; • Failure to grasp projected backlog. As a outcome of these risks as good as others, tangible formula could change significantly from those expected in this presentation, as good as a monetary condition as good as formula of operations could be materially adversely affected. We commence no requisite to refurbish or correct any forward-looking statements, either as a outcome of latest information, a feeling of sure events or otherwise. SOURCE: The Shaw Group Inc. Media as good as Financial Contact:The Shaw Group Inc.Gentry Brann, 225-987-7372gentry.brann@shawgrp.com
About a Author
The Shaw Group Inc. was founded in 1987 as a phony emporium in Baton Rouge, La., by Chairman, President as good as Chief Executive Officer J.M. Bernhard Jr. as good as dual colleagues. Driven by leaders with confidant prophesy as good as a clever entrepreneurial spirit, a association has developed in to a different engineering, construction, technology, fabrication, environmental as good as industrial services classification with 27,000 employees in vital locations around a world.
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