Tetra Tech, Inc. TTEK announced today 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.
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.
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