RE: RE: RE: The first of several deals? SET builds water and wastewater plants. WESA is consulting in environmental. CLI does high tech small bore sewage pipelines. They are all complementary. These companies management teams all know each other. They hang around together and sometimes work on the same projects. IMO getting valuations equalized is the key to any deal. Recent price drop in CLI makes a deal possible. This SET WESA deal is not looking like a ZENON. It looks more like a Stantec.
Consulting and equipment supply used to be totally separated but things have changed. The objectivity between consulting and equipment is only blurred enough that you have to squint REALLY hard to believe that there is total independence. : AECOM, Stantec, CH2MHill, Fluor, Conestoga-Rovers, Hatch, SNC-Lavalin, Trow they all have their favourites, deals or holdings. The future IMO is end-end client service not bits and pieces.