TZL 1556 (web)

BUSINESS NEWS UNITED ENGINEERS & CONSTRUCTORS’ CEO SCOTT REEDER ANNOUNCES RETIREMENT United Engineers & Constructors, Inc. Chief Executive Officer Scott Reeder announced his retirement after more than 46 years of service. He will continue to support the company as a board member. Reeder began his career at Catalytic, a United legacy company, after graduating from Virginia Polytechnic Institute. During his career, Reeder served in a number of project leadership and senior management roles executing complex projects across North America and internationally. Prior to his appointment to corporate leadership, he led programs and projects ranging from turnkey engineering, construction, and commissioning to operating support of large nuclear facilities and the design and construction of nuclear processing facilities. His experience also includes environmental compliance projects for coal-fired power plants and fleet-wide maintenance and outage services support programs. Many of those projects were recognized for outstanding value and industry-leading results. His teams earned international recognition for innovation, industry leadership in industrial safety, and achieving exceptional value through teaming. After becoming CEO in 2020, Reeder successfully piloted the company through a transition of ownership during the global pandemic. He also advanced the company’s brand, returning it to United Engineers & Constructors, a company from its nearly 120-year legacy. “I am humbled by the experience of leading United Engineers & Constructors over the past four and a half years,” said

Reeder. “It has truly been an honor to lead the company and work alongside the talented and dedicated members of our team. United’s focus is its people, and I am proud of what we built together.” “United and its employees have benefited tremendously from Scott’s leadership and mentorship, and he has helped set forth a vision for the future of United,” said Brad Holtmeier, partner at CriticalPoint Capital. “We are incredibly grateful for Scott’s partnership with CriticalPoint and wish him the best during his retirement.” Art Lembo, president of United’s Power Generation business, will assume the leadership role for the company. Lembo has held numerous executive leadership roles for the company and is well- positioned to continue working closely with United’s clients and employees as United continues to support North America’s critical infrastructure build and modernization. United Engineers & Constructors is an industry leading infrastructure engineering, procurement, construction, and consulting company dedicated to improving lives by delivering the most impactful solutions. BOWMAN AWARDED CONTRACT FROM ADOT FOR ASU TEMPE PEDESTRIAN GRADE SEPARATED CROSSING Bowman Consulting Group Ltd., a national engineering services firm delivering infrastructure solutions to customers who own, develop, and maintain the built environment, has been selected by the Arizona Department of Transportation to provide engineering and oversight services related to the construction of a pedestrian and bicycle grade separation at Arizona State University’s Tempe campus.

Bowman, serving as the prime engineering contractor, will lead the project in collaboration with Jacobs and SmithGroup. The Company will develop an advanced utility relocation plan, coordinate public art integration and develop alternative alignments, preliminary cost estimates and 360-degree renderings while engaging the public and key area stakeholders throughout the project. “Bowman is deeply familiar with ASU and Tempe, and we understand how this project benefits students, faculty and community members,” said Jay Yenerich, transportation market leader at Bowman. “We are honored to be a part of this initiative and look forward to working with ADOT, the City of Tempe, ASU and the Tempe community to bring this consequential project to life.” Located at College Avenue and University Drive, the project will involve the construction of pedestrian and bicycle grade separation linking Downtown Tempe, the Tempe Transportation Center and ASU’s sporting venues directly to the center of the ASU campus. Additional components of the project may include a terraced plaza, public art installation, architectural lighting and landscaping. The ADOT project marks Bowman’s first major contract with ADOT, demonstrating the Company’s strategic expansion into the public works and transportation markets in the Western United States. Construction of the pedestrian and bicycle grade separation project is anticipated to commence in late 2025. Headquartered in Reston, Virginia, Bowman is a national engineering services firm delivering infrastructure solutions to customers who own, develop and maintain the built environment.

The opportunity is tremendous. But make sure if you get into this stuff you find the right advisors who not only know the technical aspects of how to do these deals, but who also understand the big picture aspects of entrepreneurship and what is going to create the most value for you in the future. Learn about Zweig Group’s Transition consulting services here. Mark Zweig is Zweig Group’s chairman and founder. Contact him at mzweig@zweiggroup.com.

MARK ZWEIG, from page 5

I don’t believe most people in our business really understand the valuations that are possible today IF you have a growth engine/platform company. Just this week I spoke with an old client of mine whom I have known for 35 years and is receiving a sizable PE investment based on a $1 billion plus valuation of his company. That is billion with a “B.” These kinds of numbers were unheard of 10 years ago. I honestly laugh when people say you can’t make money in our professions/industry. I always think to myself, “ YOU can’t make money, but that doesn’t mean someone else can’t!”

THE ZWEIG LETTER OCTOBER 7, 2024, ISSUE 1556

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