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This excerpt taken from the TTEK 10-Q filed Aug 1, 2008. Subsequent Event. In the fourth quarter of fiscal 2008, we
acquired three consulting and engineering firms: (1) Institute for
Public-Private Partnerships, Inc., which advises government and private
sector clients including USAID, on public-private partnership structures for
infrastructure development; (2) Rothberg, Tamburini & Winsor, Inc.,
which provides water and wastewater design services to municipalities, mining
companies, utilities and industrial clients, and (3) Highlander
Environmental Corp., which offers environmental capabilities for oil and gas
industry clients. These acquisitions
enhance our service offerings and expand our geographic reach. The total initial purchase price for these
acquisitions was $19.4 million in cash.
In addition, the sellers have certain earn-out rights that allow them to
receive additional cash payments over a two or four-year period upon the
achievement of certain financial objectives.
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