Parkland Pipeline

Advisor to seller

Private shareholders of Parkland Pipeline, Canada

An oil and gas service company specializing in the planning, construction and ongoing maintenance of pipelines and pipeline oilfield facilities

Tetra Tech, United States

A leading provider of consulting, engineering, program management, construction management and technical services

Advised Parkland Pipeline Contractors on its sale to Tetra Tech, Inc. A dozen qualified and highly interested buyers were identified through a disciplined sale process, and the seller ultimately received offers from three qualified buyers, each exceeding the seller’s price expectations by at least 40%. An international team negotiated with the various buyers to get the best deal for the seller in terms of significant cash at closing, an attractively structured earn-out, and a commitment from the buyer to invest significant capital in the company in order to meet the earn-out targets