Selected Deals

Construction and Engineering Services

  • Target
    Parkland Pipeline
  • Our Role
    Advisor to seller
  • Seller and Location
    Private shareholders of Parkland Pipeline, Canada
  • Activity
    An oil and gas service company specializing in the planning, construction and ongoing maintenance of pipelines and pipeline oilfield facilities
  • Acquiror / Investors and Location
    Tetra Tech, United States
  • Activity
    A leading provider of consulting, engineering, program management, construction management and technical services
  • Description of Transaction
    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