Tetra Tech Inc. (NasdaqGS:TTEK) entered into a definitive agreement to acquire Parkland Pipeline Contractors Ltd. on January 3, 2013. Upon closing, Parkland Pipeline will join Tetra Tech's Remediation and Construction Management segment. Parkland Pipeline posted annual revenue of approximately CAD 140 million.

The deal is subject to approval from the Competition Bureau of Canada and is expected to be closed in Tetra Tech's fiscal 2013 second quarter. Tetra Tech expects the deal to be accretive to its earnings in 2013. Veracap Corporate Finance Limited acted as financial advisor to Parkland Pipeline