|By Marketwired .||
|February 28, 2014 04:06 PM EST||
CALGARY, AB -- (Marketwired) -- 02/28/14 -- CH2M HILL, a global leader in full service consulting, design, design-build, operations and program management, announced that it has entered into an agreement to purchase the business of TERA Environmental Consultants.
With over 450 staff, TERA has been in the environmental consulting business serving the pipeline, electrical transmission and oil and gas industries for more than 30 years.
"TERA has an excellent reputation for quality service," said Chris Shea, President of CH2M HILL's Environment and Nuclear Market. "These highly skilled and innovative employees will complement CH2M HILL's capabilities throughout Canada, and together we'll be able to provide an expanded suite of services for here and abroad."
TERA President Piers Fothergill said, "TERA has had a long history and we are proud to have developed into one of the largest and most trusted environmental services firms in Canada. We are excited to be joining CH2M HILL, a company that shares our core values -- particularly those related to client service and employee development. The combination of our companies will create more value for our clients through increased breadth of services and will also expand the development and career opportunities for our staff."
Based in Calgary, TERA has two other offices in Alberta and one in Victoria, B.C. The transaction is expected to close in the second quarter of 2014.
Employee operated and owned, CH2M HILL is a global engineering and infrastructure firm operating in over 80 countries. The firm provides engineering, procurement, construction, and project management to a variety of industry sectors, including: water, energy, resources, environment, transportation, and facilities. With US$6.6 billion in revenue and 28,000 employees, CH2M HILL is based in Denver, Colorado. CH2M HILL Canada has over 1,200 employees and is headquartered in Calgary, Alberta. Visit us at www.ch2mhill.com, twitter.com/ch2mhill and facebook.com/ch2mhill.