Tetra Tech to Buy American Environmental Group
Tetra Tech, Inc. (NASDAQ: 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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