Tetra Tech has wrapped up its US$775 million acquisition of UK-based environmental and engineering consulting firm, RPS Group.
Nasdaq-listed Tetra Tech beat off Canadian rival WSP’s slightly lower offer for RPS, initiated in August last year.
It raised $800m of new equity funding and secured a $350m credit facility at the time of the takeover tussle.
RPS provides a range of consulting services across the property, energy, transport, water, resources, defence and government services markets. It was said to have generated revenue of $628m in the 12 months ending December 2021.
Tetra Tech CEO Dan Batrack said he was pleased to welcome RPS’ 5000 employees to the expanded group.
“The addition of RPS aligns with our strategy to be the premier global high-end consulting and engineering firm focused on water, environment, and sustainable infrastructure; and allows us to offer our combined staff even greater professional opportunities,” he said.
Tetra Tech has a current market value around $8.12 billion.
