Industry News

Layne Christensen Adds Independent Director to Board

Layne Christensen Co. announced that on Aug. 23, 2013 the board of directors elected John T. Nesser III as an independent director, effective Sept. 5, 2013. Nesser will fill the vacancy created by the retirement from the board of Jeffrey J. Reynolds on June 6, 2013.

Layne Christensen Names Chief Accounting Officer

Layne Christensen Co. announced that Martha R. Vance, CPA, has been named vice president, chief accounting officer, effective July 8, 2013. Vance will report to James R. Easter, Layne's CFO.

Layne Christensen Launches Water Transfer Business

Layne Christensen Co. announced the launch of the water transfer business within the Layne Energy Services Division. Layne is currently providing these services for its clients operating in the Permian Basin.

Layne Christensen Names New Chief Financial Officer

Layne Christensen Co. named James R. Easter the chief financial officer, effective May 6, 2013.

Layne Christensen to Consolidate Headquarters, Leadership to Houston

Layne Christensen Co. announced that its board of directors has approved the relocation of the company's global corporate headquarters from Mission Woods, Kan., to The Woodlands, a suburb of Houston. The move is expected to commence in spring 2013 and be completed by winter 2013.

The move will involve most executive positions in Layne's corporate leadership, as well as certain other management and staff positions. Most senior executives from Layne's six divisions will ultimately consolidate into the Houston headquarters.

Layne Christensen Sells Energy Division's E&P Assets

Layne Christensen Co. announced that on Oct. 1, 2012 it sold all of the exploration and production (E&P) assets of its Energy Division to LR Energy Inc., a portfolio company of Longroad Capital Partners III, L.P., for $15 million. Layne intends to use the proceeds from this transaction to pay down outstanding debt and for general corporate purposes.

Layne Christensen Announces $90.9 Million Wastewater Project

Layne Christensen Co. announced that Islamorada, Village of Islands, Fla., has approved a design-build-operate contract with Reynolds Water Islamorada LLC for a centralized wastewater system. The system will satisfy the village's requirement to implement a mandate from the Florida Department of Environmental Protection to eliminate all residential septic systems and private wastewater treatment plants in the Florida Keys by Dec. 31, 2015.

Layne's Heavy Civil Division will perform the work on this project.

Layne Christensen Acquires Remaining Interest in Costa Fortuna

Layne Christensen Co. announced that it has acquired the remaining 50% interest of Costa Fortuna Fundacoes e Construcoes Ltda that it did not previously own. Layne acquired its initial 50% interest in Costa Fortuna in July 2010.

Layne Inliner Awarded IDIQ Contract

Layne Christensen Co. announced that the Washington Suburban Sanitary Commission (WSSC) has awarded Layne Inliner an Indefinite Delivery, Indefinite Quantity (IDIQ) contract for sanitary sewer repairs, replacement and renewals in environmentally sensitive areas. The contract has a value to Layne Inliner of up to $70 million, with a WSSC option for an additional $10 million in work.

Layne Water Technologies Announces Opening of Phoenix Center of Excellence

Layne Christensen Co. has announced the opening of its Center of Excellence Facility in Phoenix. With a 130-year commitment to the water industry, this newest addition to the company’s footprint is strategically positioned to provide sustainable and economical water treatment solutions for both industrial and municipal applications.  

Recognizing the growing population and the unique water chemistry challenges of the desert, the facility accommodates regionally specific water treatment needs while also adding 40 highly skilled positions.  

Layne Christensen Acquires Meadors Construction Co.

Meadors will expand Layne Christensen’s geographic coverageLayne Christensen Co. has announced the acquisition of Meadors Construction Co. Based in Jacksonville, Fla., Meadors expands the geographic coverage of Layne Christensen's water infrastructure business. Meadors will be consolidated with Reynolds, Inc., Layne Christensen's heavy/civil construction arm, bringing additional revenue exceeding $25 million annually. The acquisition was funded from Layne Christensen's current cash balances and net of cash; Layne Christensen remains debt free.