Tetra Tech | September 26, 2022
Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services, is pleased to announce that it has reached an agreement with RPS Group plc (“RPS Group”) on the terms of an all-cash acquisition of RPS Group for 222 pence per share (the “Acquisition”). The Acquisition has been unanimously recommended by the Board of Directors of RPS Group.
The combined 26,000 associates of the RPS Group and Tetra Tech will establish a premier global consultancy in water, environment, sustainable infrastructure, and energy transformation. The RPS Group employs 5,000 associates in Europe, the United Kingdom, Asia Pacific, and North America, delivering high-end solutions especially in energy transformation, water, and program management for government and commercial clients. Tetra Tech is a global high-end consultancy with #1 rankings in both water and environmental management as published in Engineering News-Record. Its 21,000 associates are technical experts in delivering more than 70,000 projects per year around the world.
The RPS Group significantly expands Tetra Tech’s water practice in the United Kingdom, and enhances Tetra Tech’s leading position in renewable energy and environmental management. The combination further strengthens our geographic presence in the United Kingdom, European Union, and Australia. The RPS Group and Tetra Tech are culturally aligned and together will use a Leading with Science® approach to address critical issues such as climate change, resiliency, and energy transformation. The combination of the RPS Group and Tetra Tech also advances both companies’ strategies to provide high-end consulting with an emphasis on advanced data analytics and unique software applications, such as those in water management, ocean analytics and contaminant modeling.
“The RPS Group advances our long-term strategy to enhance our position as the premier global high-end consulting and engineering firm focused on water, environment, sustainable infrastructure, and energy transformation. We welcome the RPS Group’s associates to join us and collectively leverage our long-term client relationships and project experience. As a global consultancy with a commitment to high-end solutions, we can offer our expanded team of associates even greater professional opportunities.”
-Dan Batrack, Tetra Tech Chairman and CEO.
Ken Lever, Non-Executive Chairman of RPS commented, The Board of RPS is pleased to recommend Tetra Tech’s offer, which provides our shareholders with even greater value for their shares. Our combination with Tetra Tech will provide attractive opportunities and long-term benefits to our associates and global clients.
“Joining Tetra Tech represents a highly attractive combination of two leading companies in the industry for our clients and provides an ideal opportunity for our people to realize RPS’ goals to meaningfully contribute to the world’s most challenging problems in energy transformation and water management around the world. I am very excited about the future of our combined company and the benefits for our people and clients. By joining together, Tetra Tech provides RPS and its employees with a strong and culturally aligned platform that creates a pre-eminent consulting and engineering firm addressing climate change and all its effects.”
-John Douglas, Chief Executive of RPS.
About RPS Group:
RPS Group is a public limited company registered in England and Wales. RPS Group’s shares are listed on the Official List of the London Stock Exchange. Founded in 1970 and built on a legacy of environmental and social engagement, RPS Group is a diversified and well recognized global professional services firm of approximately 5,000 talented employees.
As an established technology enabled consultancy that operates across a range of sectors, RPS Group provides specialist services to government and private sector clients with a focus on front-end consulting. RPS Group creates shared value for all stakeholders by solving problems that matter in a complex, urbanizing, resource-scarce world and concentrates its expertise on the parts of project lifecycles that have the biggest impact on project outcomes with a strong sustainability agenda. RPS Group has been widely recognized in this respect, having been ranked number one in the UK for climate change and energy consulting by the Environment Analysis for 2019/2020, a top 200 environmental firm by Engineering News-Record in 2021 and recognized in 2021 as one of the first “carbon champions” by the Institution of Civil Engineers.
RPS Group operates across approximately 100 offices in 12 countries, with more than 99% of its net revenue during the 2021 financial year generated from its operations in OECD countries. The majority of its net revenue during the 2021 financial year was generated from its operations in the United Kingdom, Australia and the United States.
About Tetra Tech:
Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. With 21,000 associates working together, Tetra Tech provides clear solutions to complex problems in water, environment, sustainable infrastructure, renewable energy, and international development. We are Leading with Science® to provide sustainable and resilient solutions for our clients.
Holcim | August 10, 2022
Holcim US announced today it has acquired the sand and gravel operation of Basic Construction Company, LLC, in New Kent County, Virginia.
The transaction will add significant, strategically located, aggregate reserves for Holcim's Mid-Atlantic Region along with 230 acres of land. The acquisition advances Holcim US' goal to fuel growth through bolt-on acquisitions in mature markets in the aggregates business.
For more than 100 years the Basic Construction Company has worked in Eastern Virginia with a history of responsible operations and strong community roots.
"We're excited to add this 230-acre strategic reserve, which will support our continued expansion in the Virginia market and begin a strong community engagement in New Kent County."
-Cedric Barthelemy, Head of the Mid-Atlantic Region, Holcim US.
The operations will be managed by Cedric Barthelemy, Head of Mid-Atlantic Region; Donnie Bostic, Area Manager, Southern Virginia; and Corey Johnson, General Manager, Mid-Atlantic Region.
Holcim builds progress for people and the planet. As a global leader in innovative and sustainable building solutions, Holcim is enabling greener cities, smarter infrastructure and improving living standards around the world. With sustainability at the core of its strategy Holcim is becoming a net zero company, with its people and communities at the heart of its success. The company is driving circular construction as a world leader in recycling to build more with less. Holcim is the company behind some of the world's most trusted brands in the building sector including ACC, Aggregate Industries, Ambuja Cement, Disensa, Firestone Building Products, Geocycle, Holcim, Lafarge and Malarkey Roofing Products. Holcim is 70,000 people around the world who are passionate about building progress for people and the planet through four business segments: Cement, Ready-Mix Concrete, Aggregates and Solutions & Products.
Kastle Systems | July 13, 2022
Kastle Systems, the leader in property technology and America's largest managed security provider, has been named to the Rokstone Construction Risk Underwriters (Rockstone CRU) Approved Security Vendor list. Rokstone CRU is a specialty Managing General Underwriter offering Casualty and Builder's Risk insurance products and services for complex construction projects throughout the US.
As a Rokstone Approved Security Vendor, Kastle can now deploy MobileSentry, the company's signature construction site video surveillance security solution, on any Rokstone-insured project. Kastle's MobileSentry enables construction companies to avoid paying the high costs associated with staffing in-person security guards after hours at construction sites by employing analytic enabled cameras with artificial intelligence instead. These smart cameras are programmed to digitally diagnose potential problem situations on-site and instantly alert live agents remotely monitoring from the Kastle US-based video operations center. Agents can view the video stream in real-time and administer live audio talk down deterrents to any human transgressor. MobileSentry also provides cloud-based storage of video for up to two years
"Kastle is proud to be named an Approved Security Vendor by Rokstone. Our priority at Kastle is to protect our client's sites and provide them with the most reliable and cost-efficient security technology and security solutions, like MobileSentry, from groundbreaking day one, We are eager to continue our work to protect the assets and sites of Rokstone insurers around the country."
-Nik Gagvani, General Manager of Video Services.
Kastle's system not only meets Rokstone's standard for analytical performance, but their approach to perimeter security also aligns with our emphasis on deterrence. Preventing a breach, rather than just capturing it, is imperative in our world. We believe Kastle has a first-class system to protect our risks across the country and are pleased to add them to our approved list of vendors. said Colton Kovar, Risk Engineer, Rokstone CRU.
About Kastle Systems-
Kastle Systems has been leading the property technology industry since 1972 with advanced technology solutions and services, protecting commercial real estate, multi-family residential, global enterprises, educational institutions, and critical government facilities. Kastle's state-of-the-art solutions include access control, video surveillance, visitor management and identity management, as well as a suite of mobile security applications, all integrated on an open, standards-based platform and supported by a team of experts 24x7x365. Headquartered in Falls Church, Virginia, Kastle is on Silicon Review's 2021 Five Best Security Companies to Watch list.
About Rokstone Construction Risk Underwriters-
Rokstone CRU is a specialty MGU offering Casualty and Builder's Risk insurance products and services for complex construction risks and projects throughout the United States. Our multifaceted team is equipped to successfully insure this intricate business with experience, expertise, and analytical thinking. Our team includes veteran construction insurance professionals, specialty claims experts and cutting-edge risk engineering specialists. Our advanced technology and analytics allow us to enhance the process, think innovatively and deliver customized products and concepts to our customers.
Rokstone's approach is to engage and work closely with the client's management team to review project systems and plans, identifying areas of concern. By engaging with the client's leadership team and utilizing these feedback systems, we are able to provide customized solutions and processes to fill any risk gaps and implement enhanced safety and risk management practices from the boardroom to the field level employees.