Tetra Tech Expands Global Sustainable Water Management Consulting Services with Acquisition of Piteau Associates
March 03 2022 - 09:00AM
Business Wire
Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end
consulting and engineering services, announced today that it has
further expanded its sustainable water management practice with the
addition of Piteau Associates, based in Vancouver, British
Columbia.
Established in 1976 by Dr. Douglas R. Piteau, the firm is a
global leader in sustainable natural resource analytics including
hydrologic numerical modeling and dewatering system design. Their
staff pioneered the development of discrete element numerical
models to simulate rock mass behavior for slope design and
hydraulic integrity. With the majority of its staff having advanced
degrees, the Piteau team solves the natural resource industry’s
most complex geotechnical and water-related challenges and has been
an important contributor to key industry textbooks, scientific
publications, and best practice guidelines involving applied rock
mechanics, hydrogeology, hydrology, and geochemistry. Recognized
global experts on the Piteau Associates team serve on numerous
technical review boards and audit and assurance teams on projects
around the world.
“Tetra Tech has a long history of Leading with Science® through
the application of advanced analytics to water management,” said
Dan Batrack, Tetra Tech Chairman and CEO. “The addition of Piteau
Associates further expands our expertise in the specialized
analysis of sustainable water management and geotechnics for our
commercial resource management clients.”
Mark Hawley, Piteau Associates Chairman and CEO, said, “We are
excited to join the Tetra Tech family, and to add our expertise to
Tetra Tech’s comprehensive scope of engineering and consulting
services. We share Tetra Tech’s strong commitment to providing high
quality, sustainable and practical solutions based on sound
engineering, and focus on projects and developing long-term client
relationships. By joining Tetra Tech, we can collaborate on highly
technical multi-disciplinary projects, further our global growth
strategy, and provide new opportunities for our team and a broader
scope of services to our clients.”
The terms of the acquisition were not disclosed. Piteau
Associates is joining Tetra Tech’s Commercial/International
Services Group.
About Tetra Tech
Tetra Tech is a leading provider of high-end consulting and
engineering services for projects worldwide. With 21,000 associates
working together, Tetra Tech provides clear solutions to complex
problems in water, environment, sustainable infrastructure,
renewable energy, and international development. We are Leading
with Science® to provide sustainable and resilient solutions for
our clients. For more information about Tetra Tech, please visit
tetratech.com or follow us on LinkedIn, Twitter, and Facebook.
About Piteau Associates
With offices in Canada, the United States, Chile, Peru, the
United Kingdom, and South Africa, Piteau Associates provides
practical, innovative, cost-effective and environmentally
responsible solutions that assist clients in meeting their
engineering challenges in mineral and water resource development
projects worldwide.
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 Form 10-Q filings with the Securities and Exchange
Commission.
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version on businesswire.com: https://www.businesswire.com/news/home/20220302006152/en/
Jim Wu, Investor Relations Charlie MacPherson, Media &
Public Relations (626) 470-2844
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