Register {{ baseUserInfo.curr_enterprise_name }}
Quick publish
{{ notificationData.all_count > 99 ? 99 : notificationData.all_count }}
{{ website.name }}
{{ language.label }}
Congratulations

View Now
Congratulations

Go publish
STV Signs Agreement with Allied Resources Group to Exit the Midstream Oil and Gas Market
6 Months ago
4.7Thousand
438
0
Comment area

Allied Resources Group Acquires STV's Oil and Gas Business Operations

NEW YORKNov. 14, 2023 /PRNewswire/ -- STV, a professional services firm that plans, designs and manages infrastructure projects across North America, today announced it will exit servicing the midstream oil and gas market after signing an agreement with Pennsylvania-based Allied Resources Group (ARG). ARG will acquire STV's midstream oil and gas business operations effective November 30, 2023.

"With the launch of our new Strategic Plan, we recognized the timing was right to rethink our position in this market," said Greg Kelly, P.E., president and CEO of STV. "Finding the right partner where our talented oil and gas group would become the core business was essential to our team. We found that partner in ARG."

STV's 2023-2025 Strategic Plan focuses on its core infrastructure markets of transportation, buildings and water. The plan concentrates on expanding the firm's core markets, services and geographic footprint to meet the needs of current and future clients. While STV has worked in the oil and gas market for decades, its exit from this market emphasizes its commitment to the company's core growth areas and other future-focused markets.

This transaction also further positions STV to support the significant growth in investment from the historic Infrastructure Investment & Jobs Act (IIJA). Signed into law in November 2021, the bipartisan IIJA authorizes $1.2 trillion for transportation and infrastructure spending in the coming years.

STV is a portfolio company of The Pritzker Organization, L.L.C. STV consistently ranks among the country's top firms in core infrastructure markets of transportation, buildings and water. Throughout the United States and in Canada, STV's professional, technical and support personnel offer services that span planning and pre-design, design, program and construction management to deliver projects that help make communities better.

About STV
Founded in 1912, STV is a leading national infrastructure-focused professional services firm, providing engineering, architectural, planning, environmental, program management and construction management services for transportation systems, buildings, water, energy and other facilities. Headquartered in New York City, the company has more than 55 offices across North America. The firm is ranked 37th in Engineering News-Record's Top 500 Design Firms survey and is 11th in its transportation category. In 2022, STV signed the Equity in Infrastructure Project (EIP) Pledge, becoming one of the first architecture, engineering and construction (AEC) firms to commit to advancing equity in infrastructure. 

About ARG
ARG consists of seven business units that provide Engineering, Industrial Inspection, Project Management, Engineering and Healthcare Staffing.

SOURCE STV

Share
Collection
Collected
Give the thumbs-up
Liked
The content is the author's independent opinion, does not represent the position of Matchexpo, and cannot be reproduced without permission
0
Matchexpo is an exhibition community platform for event & fair community in China, serving the essential functions of exhibitions, events, fairs, assisting ticket sales, visitor registration and booth reservation, allowing organizers to create, share, find and participate in activities, creating community space for organizers and exhibitors, finding their partners and helping them expand
Follow official account
Online support
Member Publishing Platform: International - Zhongfan - Chinese Jane
| Gather pages to build a station | Xingguang Foreign Trade Marketing System
Modify certification Certification fee Certification method Certification conditions Certification naming Certification introduction