Tetra Tech Inc. has acquired The Delaney Group, a New York-based services firm with significant wind energy expertise. The Delaney Group had 2006 revenue of approximately $60 million. Terms of the acquisition were not disclosed.
“This acquisition expands our alternative energy business, starting with wind energy, and is consistent with our growth strategy,” said Dan Batrack, Tetra Tech’s CEO.
“Tetra Tech currently has a strong niche in environmental permitting for wind energy projects. This acquisition allows us to become a full-service provider to our current and prospective wind energy clients. The Delaney Group brings complementary technical capabilities and strong relationships with major wind energy developers. We are pleased to welcome the employees of The Delaney Group to Tetra Tech.”
Tim Delaney, president of The Delaney Group, said, “We are delighted to join Tetra Tech to help build its wind energy practice, including its program management and engineering design capabilities. Tetra Tech has a strong nationwide presence that will offer The Delaney Group opportunities for business growth and expansion.”
The Delaney Group has performed several wind energy development projects, including substantial work on the Maple Ridge Wind Farm in New York, the largest wind farm east of the Mississippi River. The Delaney Group also provides services to federal clients, including Base Realignment and Closure (BRAC) services for various branches of the U.S. Department of Defense.
This acquisition is expected to be accretive to Tetra Tech’s diluted earnings per share in fiscal year 2007.
About The Delaney Group
The Delaney Group has provided technical services for more than 25 years and serves the northeastern United States. The company focuses on planning and development services for wind energy, BRAC and water/wastewater treatment and conveyance facilities.
About Tetra Tech
Tetra Tech is a provider of consulting, engineering and technical services. With approximately 7,500 associates located in the United States and internationally, the company supports commercial and government clients in the areas of resource management and infrastructure.
Tetra Tech’s services include research and development, applied science and technology, engineering design, program management, construction management and operations and maintenance.
For more information on The Delaney Group, visit www.thedelaneygrp.com.
For more information on Tetra Tech, visit www.tetratech.com.
