A Smart Acquisition for TetraTech

| About: Tetra Tech, (TTEK)

As an investor in Tetra Tech, I am extremely pleased with the new acquisition of Wardrop Engineering, announced a couple days ago.

The acquisition expands TetraTech by 1200 employees who have worked together in over 50 countries, operating 13 offices in Canada, plus 6 international offices spanning USA, UK, Ghana, India and China.

They operate in three segments…

  1. Energy
  2. Infrastructure
  3. Resource Management

…offering clients services such as

  • feasibility studies
  • conceptual and detailed design
  • equipment procurement
  • construction management
  • commissioning and start up
  • EPCM (Engineering, Procurement, Construction Management) services for select projects.

But it’s the sectors that they are into that makes me want to buy more TTEK. It’s the exposure to Canada’s growing nuclear industry, as well as their expertise in power grids, environmental services, water, and rail, that have me most excited. I think it’s also cool to have a little of this exposure too!

Disclosure: I have a long position in TTEK.