Parkland Pipeline Contractors has been acquired by Tetra Tech Inc.
Environmental consulting and engineering firm Tetra Tech Inc. (NASDAQ: TTEK) has acquired the Canadian oil and gas service company Parkland Pipeline Contractors Ltd. Parkland Pipeline will join Tetra Tech’s Remediation and Construction Management (RCM) segment. The terms of the transaction have not been disclosed.
Based in Alberta, Parkland Pipeline specializes in the planning, construction and ongoing maintenance of pipelines as well as the maintenance of pipeline oilfield facilities.
Tetra Tech is a leading global provider of consulting, engineering, program management, construction management and technical services for the water, environment, energy, infrastructure and natural resources sectors.
Oaklins' team in Dallas identified a dozen qualified and highly interested buyers for the seller through a disciplined sale process. The seller ultimately received attractive offers from three qualified buyers. The Oaklins team negotiated with the various buyers to get the best deal for the seller.
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