Day & Zimmermann Acquisition of Atlantic Services Reshapes Power Services Market.Day & Zimmermann Power Services expands portfolio to include both union and open-shop maintenance and modification, as well as valve, condenser condenser Device for reducing a gas or vapour to a liquid. Condensers are used in power plants to condense exhaust steam from turbines and in refrigeration plants to condense refrigerant vapours, such as ammonia and Freons. and radiological services PHILADELPHIA -- Day & Zimmermann Power Services, an industry-leading provider of plant maintenance and modification services to the power market, today announced the completion of the acquisition of Atlantic Services, Inc. As a result of the acquisition, Day & Zimmermann owns two of the top companies in the power services market, with combined total annual revenue of nearly $800 million, clearly seating Day & Zimmermann Power Services as the No. 1 Power Operations and Maintenance Contractor nationwide, according to Engineering News Record's annual rankings. Through its two companies, Day & Zimmermann Power Services is now the primary service provider for nearly half of the country's nuclear plants, offering a robust array of maintenance, modification, staff augmentation, construction, valve, condenser, and radiological services. One of the companies, DZ Atlantic, will focus on open-shop services for nuclear and fossil-fired power plants nationwide. The other company, Day & Zimmermann NPS[R], will continue to offer enhanced managed maintenance and modification services with a union labor posture. Atlantic Union Resources Inc. (AURI AURI Agricultural Utilization Research Institute ), Atlantic's former union business, has been fully integrated into Day & Zimmermann NPS[R]. "Day & Zimmermann Power Services is bringing an unprecedented service offering to the power market," says Joseph Ucciferro, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Commercial & Public Sector for Day & Zimmermann. "Formed through the ownership of two companies with proven track records of supplying qualified, cost-effective labor, and maintenance and modification services to nuclear and fossil power customers, we can now provide a greatly expanded portfolio of services. This puts more separation between Day & Zimmermann and our competitors, and helps power companies battle a significant shortage of workers. Our aim is to continue widening that gap by improving our services, and lowering the cost of ownership for the power industry." Michael McMahon, formerly president of Day & Zimmermann NPS[R], has been named President of Day & Zimmermann Power Services and has led the transition of the Atlantic and AURI businesses. Day & Zimmermann Power Services is an active member in the Institute of Nuclear Power Operations The Institute of Nuclear Power Operations (INPO) is an organization established by the U.S. nuclear power industry in response to recommendations by the Kemeny Commission Report [1], following the investigation of the Three Mile Island Unit 2 event [2] (INPO INPO Institute of Nuclear Power Operations INPO In No Particular Order INPO Information Network Program Office ), the Nuclear Energy Institute (NEI), the American Nuclear Society The American Nuclear Society (ANS) is an international, not-for-profit 501(c)(3) scientific and educational organization consisting of approximately 11,000 engineers, scientists, educators, students, and others with nuclear-related interests. (ANS (ANS Communications, Inc, Purchase, NY) An ISP, Internet backbone and provider of private data network services, founded in 1990 as Advanced Network & Services, Inc., by IBM, MCI and Merit (consortium of Michigan universities). ), and the Electric Power Research Institute (EPRI EPRI Electric Power Research Institute EPRI European Parliaments Research Initiatives ). ABOUT DAY & ZIMMERMANN Day & Zimmermann accelerates customer success by delivering diversified services. Operating from more than 150 worldwide locations with 1.9 Billion USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. in revenues, the Day & Zimmermann family of companies employs 23,000 professionals and is currently ranked as one of the largest private companies in America by Forbes and is a former winner of the U.S. National Family Business of the Year award. Founded in 1901 and headquartered in Philadelphia, PA, Day & Zimmermann companies today provide architectural-engineering-construction services, power plant maintenance and modification services, staffing services, security services and validation services to businesses and government agencies, and munitions mu·ni·tion n. War materiel, especially weapons and ammunition. Often used in the plural. tr.v. mu·ni·tioned, mu·ni·tion·ing, mu·ni·tions To supply with munitions. production, equipment maintenance and facilities management services to the Department of Defense. For more information visit http://www.dayzim.com. |
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