3/1/2023 0 Comments Tetra technologies![]() ![]() WSP's 2020 acquisition of major sector consultant Golder and Stantec's purchase of MWH in 2016 "brought scale-players into Tetra Tech's industry-leading water and environmental markets," he said. Wittmann noted that WSP recently raised $673 million in an equity offering to finance recent pending acquisitions, including RPS and the just-closed similarly sized purchase of John Wood Group's environment and infrastructure unit. If WSP is to meet its stated goals, there is a scarcity value that this company brings. "So the hunting grounds aren't as fertile as maybe they were not that long ago. "From a high level, there has already been a lot of consolidation in the industry, where the midszed firms like RPS have been substantially consolidated into larger organizations," said Wittmann. Wittmann said market performance after WSP's response to Tetra Tech's deal announcement seems to indicate an expectation of another offer from the Montreal-based giant. On the other hand, WSP is "aiming for 70,000 people, and RPS is an important step in journey to do that." "In many ways, RPS is a smaller version of Tetra Tech that does what Tetra Tech does to a larger extent in the UK and Australia," he explained. įor RPS, both potential buyers are strategically a good fit since they each have a stated strategy to increase their environmental services work, Wittmann told ENR. ![]() WSP recently completed a $1.8-billion deal to purchase Wood Group's environment and infrastructure consulting business.
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