Tetra Tech, Inc. (NASDAQ:TTEK) announced today that it has acquired
Haselwood Enterprises, Inc. (HEI), a nuclear science and engineering
company. HEI has annual revenue of approximately $14 million. The
acquisition will enhance Tetra Tech’s capabilities and service offerings
for the National Nuclear Security Administration (NNSA), commercial
nuclear and the U.S. Department of Energy (DOE). HEI provides program
management and technical services for nuclear materials management,
nuclear weapons complex operations and infrastructure, environmental
remediation, and waste management. HEI will be led by Greg Rudy, who
formerly managed the Savannah River Site in Aiken, South Carolina for
DOE.
Tetra Tech’s Chairman and CEO Dan Batrack stated, "This acquisition is
evidence of our focus on serving the NNSA, DOE, and commercial nuclear
markets, which we believe will provide a strong foundation for our
commitment to the alternative energy market.”
HEI has about 120 employees and is headquartered in Oak Ridge,
Tennessee, with additional offices close to the DOE’s Portsmouth, Ohio
and Paducah, Kentucky sites. The terms of the acquisition were not
disclosed.
About Tetra Tech (www.tetratech.com)
Tetra Tech is a leading provider of consulting, engineering, program
management, construction and technical services addressing the resource
management and infrastructure markets. The Company supports government
and commercial clients by providing innovative solutions focused on
water, the environment and alternative energy. With more than 8,500
associates located in the United States and internationally, Tetra
Tech’s capabilities span the full project life cycle.
Any statements made in this release that are not based on historical
fact are forward-looking statements.
Any forward-looking
statements made in this release represent management’s best judgment as
to what may occur in the future.
However, Tetra Tech’s actual
outcome and results are not guaranteed and are subject to certain risks,
uncertainties and assumptions ("Future Factors"), and may differ
materially from what is expressed.
For a description of Future
Factors that could cause actual results to differ materially from such
forward-looking statements, see the discussion under the section "Risk
Factors" included in the Company’s Form 10-K and 10-Q filings with the
Securities and Exchange Commission.