APTIM
Verified Institutional Research Portfolio • FEB 2026
Environmental Powerhouse
APTIM is a $1.2B revenue platform providing integrated solutions across the Americas. Specializing in federal remediation, coastal engineering, and complex facility O&M.
Federal Base
Anchored by $1.4B DOE Strategic Petroleum Reserve, $1.5B USAF IDIQs, and OASIS+. Recurring gov revenue provides 3-5 year visibility.
Technical Lead
Validated 97% PFAS reduction across 100+ projects. Proprietary LiDAR sea-level inundation modeling.
Growth Engine
60% organic revenue growth since 2017 carve-out. Positioned in secular growth tailwinds (IIJA coastal spend).
Validated Case Studies
Domain Mastery
Deep dive into the specialized engineering moats that define APTIM's market dominance in assessment and remediation.
PFAS "Flask to Field™"
ProprietaryIntegrated lifecycle: Lab-based treatability studies (Flask) leading to full-scale onsite remediation (Field). Ensures performance guarantees for municipal and DoD clients.
Coastal Adaptation
LeaderLiDAR-based inundation tipping point analysis. 24-hour response commitments for post-storm emergency dredging and beach nourishment in FL/TX/LA.
Strategy & Political Risk
Scenario modeling for Trump 2.0 and benchmarking against Tier 1 M&A activity.
IRA Rollback Risk
MED-HIGHPartisan nature of IRA puts Enviro-Justice ($60B) at high risk. PE sponsors must discount IRA-linked revenue by 50-75% in base-case modeling.
IIJA Durability
VERY LOWCoastal and water projects already flow to red states (TX, LA, FL). Infrastructure resilience is bipartisan and likely 100% durable.
Comparable Sector Acquisitions
| Target Firm | Buyer | Strategic Logic |
|---|---|---|
| Arcadis (Select Ops) | Tier 1 Strategic | Deepening federal remediation reach. |
| Stantec (Environmental) | Strategic | Coastal adaptation and water matrix growth. |
| Versar | PE (Kingswood) | Mid-tier platform consolidation similar to APTIM. |