CDM Smith Company Profile

Background

CDM Smith is a privately owned engineering and construction firm headquartered in Boston, Massachusetts. Established in 1947 by Thomas Ringgold Camp, Herman Dresser, and Jack McKee, the company has grown into a global entity with approximately 6,000 employees operating from offices worldwide. CDM Smith specializes in providing comprehensive services in water, environment, transportation, energy, and facilities sectors. The firm's mission is to deliver exceptional client service and innovative solutions to address complex environmental and infrastructure challenges.

Key Strategic Focus

CDM Smith's strategic focus encompasses consulting, engineering, construction, and operations across the project lifecycle. The company emphasizes emerging areas such as polyfluoroalkyl substances (PFAS) remediation, transportation advisory services, lead in drinking water solutions, and digital innovations. By integrating advanced technologies and methodologies, CDM Smith aims to provide sustainable and efficient solutions tailored to the unique needs of its clients.

Financials and Funding

As a privately held, employee-owned firm, CDM Smith maintains financial independence, allowing it to prioritize client and employee interests over external investors. The company reported revenues of approximately $1.1 billion, reflecting its substantial presence in the engineering and construction industry.

Pipeline Development

CDM Smith has been involved in several significant projects, including:

Houston Northeast Water Purification Plant Expansion: A $1.8 billion progressive design-build project, considered the largest of its kind.

Newark Lead Service Line Replacement Program: Recognized as a national model for lead pipe replacement in the U.S.

Wadi Al Arab System II Water Conveyance Project: A $129.5 million initiative providing drinking water to the Kingdom of Jordan.

MassDOT All-Electronic Tolling System: Replaced all toll booths on the Massachusetts Turnpike with transponders.

Brunswick County Northwest Water Treatment Plant Expansion: Implemented reverse osmosis to remove PFAS to undetectable levels for a North Carolina community.

These projects underscore CDM Smith's commitment to addressing critical infrastructure and environmental challenges through innovative solutions.

Technological Platform and Innovation

CDM Smith distinguishes itself through proprietary technologies and scientific methodologies, including:

Trinnex: A subsidiary offering digital services and software solutions such as pipeCAST, leadCAST, epiCAST, and precipiCAST, focusing on water management, lead pipe assessment, epidemic tracking, and weather insights.

PFAS Remediation Techniques: Developing advanced methods for the removal of per- and polyfluoroalkyl substances from water sources.

Drone-Based Vegetation Assessment: Utilizing drone technology for efficient and accurate vegetation analysis.

These innovations highlight CDM Smith's dedication to leveraging cutting-edge technologies to enhance service delivery and project outcomes.

Leadership Team

CDM Smith's leadership comprises experienced professionals committed to the company's mission:

Timothy B. Wall: Chairman and Chief Executive Officer.

Anthony B. Bouchard: President and Chief Operating Officer.

Thierry Desmaris: Executive Vice President, Finance and Mergers & Acquisitions, Chief Financial Officer, and Board Member.

Beth Colling: Chief Compliance Officer and Senior Vice President.

Sonia Finucane: Principal Environmental Scientist and National Discipline Leader, Asset Closure and ESG.

This team brings a wealth of experience in engineering, finance, compliance, and environmental science, guiding CDM Smith's strategic direction and operational excellence.

Competitor Profile

Market Insights and Dynamics

The engineering and construction industry is characterized by robust competition, with firms striving to offer innovative solutions in infrastructure and environmental projects. CDM Smith operates in a market where technological advancements and sustainable practices are key differentiators.

Competitor Analysis

CDM Smith's primary competitors include:

Performance Contracting Group: Provides industrial and commercial construction services.

American States Utility Services: Offers military support and wastewater management solutions.

Universal Plant Services: Specializes in specialty services for the energy sector.

Groupe LML: Delivers construction services for commercial, industrial, and institutional sectors.

These competitors focus on various aspects of construction and engineering, each bringing unique strengths to the industry.

Strategic Collaborations and Partnerships

CDM Smith has engaged in strategic acquisitions to enhance its service offerings:

Wilbur Smith: Acquired in 2011, adding 1,000 employees and expanding transportation engineering capabilities.

Louis Perry Group: Acquired in 2014, strengthening expertise in the industrial sector, particularly in the rubber and plastic industry.

Milestone Solutions: Acquired in 2021, specializing in road usage charging and pricing, enhancing CDM Smith's transportation advisory services.

These strategic moves have bolstered CDM Smith's market position and diversified its service portfolio.

Operational Insights

CDM Smith's employee-owned structure fosters a culture of accountability and client-centric service. The company's independence allows for reinvestment in people, tools, and technology, ensuring