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Tetra Tech Wins EBJ Business Achievement Awards

EBJ Business Achievement AwardEach year Environmental Business Journal recognizes outstanding business performance in the environmental industry with its EBJ Business Achievement Awards. Tetra Tech was once again selected as winner in the 2011 Business Achievement Awards competition (announced January 2012).


BUSINESS ACHIEVEMENT: LARGE FIRMS (more than $100 million)
SILVER MEDAL: Tetra Tech, Inc. (Pasadena, CA), for increasing gross revenue to more than $2.57 billion during the company’s 2011 fiscal year, and increasing net revenue to $1.79 billion—an improvement of 22.7% over FY 2010. Growth was driven by strong demand for Tetra Tech’s water-related services from mining, energy, and industrial clients. Over the past year, Tetra Tech successfully expanded its geographic reach and diversified its client mix, increasing its headcount to 13,000 employees in 330 offices worldwide. The company worked in more than 135 countries, up from 100 last year, and generated approximately 30% of net revenue from international clients—a significant milestone, considering that international business accounted for only 5% of revenue two years ago. Important new contract wins in water and environmental markets included: a $62 million clean water protection program with the U.S. Environ¬mental Protection Agency; a $16 million U.S. Agency for International Development (USAID) Indonesia clean energy development program; and a $20 million contract to provide technical support for the Mexico Low Emissions Development (MLED) program, a cornerstone of USAID’s global climate change initiative. Tetra Tech’s backlog at the end of FY 2011 grew to $1.95 billion, an increase of 5.2% compared with FY 2010.


BUSINESS ACHIEVEMENT: MERGERS & ACQUISITIONS
GOLD MEDAL: Tetra Tech, Inc. (Pasadena, CA) for completing five significant acquisitions during its 2011 fiscal year. The acquisition of Quebec-based BPR, a multidisciplinary consulting and engineering leader, brought on board more than 1,600 employees and $170 million U.S. in annual revenue. Tetra Tech next acquired Fransen Engineering (Richmond, British Columbia). As part of Tetra Tech, Fransen has more than doubled its headcount, rapidly expanding its service offerings in water treatment and tailings management for Canadian oil sands producers. The acquisition of Proteus EPCM Engineers (Perth, Australia) established Tetra Tech’s presence in Australia, where the high-growth economy is driven by strong demand for natural resources. Proteus, which has about 150 employees and $30 million U.S. in annual revenue, is also serving as a gateway to new markets across Asia and Africa. Tetra Tech also brought on board its first Latin American acquisition, 60-person Metalica Consultores (Santiago, Chile). Finally, Tetra Tech acquired PRO-telligent (Arlington, VA), a firm with $100 million in annual revenue and 600-plus staff, including highly specialized, security-cleared foreign affairs and international development experts.

 

Tetra Tech was previously honored by EBJ in the following categories:

  • 2010: Bronze Medal in Business Achievement (Large Firms)
  • 2010: Silver Medal in Business Achievement (Mergers & Acquisitions)
  • 2009: Gold Medal in Business Achievement (Large Firms)
  • 2009: Silver Medal in Business Achievement (Mergers & Acquisitions)
  • 2008: Gold Medal in Business Achievement (Large Firms)