Tetra Tech: American Environmental Group Acquired
Tetra Tech, Inc. announced that it has acquired solid waste management specialist American Environmental Group, Ltd. (AEG) of Richfield, Ohio. AEG provides environmental, design, construction, and maintenance services to solid and hazardous waste, environmental, energy, utility, and other industrial clients. The company has more than 500 employees and approximately $95 million in annual revenue.
“Together with AEG, we can provide engineering-procurement-construction (EPC) solutions for industrial clients,” said Dan Batrack, Tetra Tech’s Chairman and CEO. “These clients include landfill operators, as well as mining and power clients that face specialty disposal challenges. Service to solid waste and utility clients, which is less susceptible to economic volatility, has been a steady and growing part of Tetra Tech’s business.”
AEG is joining Tetra Tech’s Remediation and Construction Management (RCM) segment. Tetra Tech anticipates that AEG will contribute approximately $50 million of net revenue and, after intangible amortization and integration costs, approximately 1 to 2 cents to diluted EPS in fiscal year 2013. The terms of the acquisition were not disclosed.
About AEG (www.aegl.net)
Founded in 2002, American Environmental Group, Ltd. provides specialty environmental, construction, and maintenance services to solid and hazardous waste, environmental, utility, mining, and other industrial clients.
About Tetra Tech (www.tetratech.com)
Tetra Tech is a leading provider of consulting, engineering, program management, construction management, and technical services. The Company supports government and commercial clients by providing innovative solutions to complex problems focused on water, environment, energy, infrastructure, and natural resources. With more than 13,000 employees worldwide, Tetra Tech’s capabilities span the entire project life cycle.
Tetra Tech, Inc.
Jim Wu, Investor Relations
Talia Starkey, Media & Public Relations