Business Achievement: Large Firms (more than $100 million)


Gold MedalThe GENIVAR Income Fund (Montreal, Quebec) for 24% growth in revenue in 2010. GENIVAR is an engineering firm serving the building, industrial, energy, municipal infrastructure, transportation and environmental sectors, and it has been growing rapidly through acquisition of consulting and engineering firms, particularly in eastern Canada. Gross revenue over the period from January 1 through October 2, 2010, totaled $426 million Canadian, compared with $343 million over the same approximate period of 2009. Net earnings totaled $28 million Canadian for the first nine months of 2010, compared with $23 million for the first nine months of 2009. Acquisitions in 2010 have included V.B. Cook Co. Ltd., The Thompson Rosemount Group Inc., Beaubien Glover Maskell Engineering North Inc., Bearden Engineering Consultants Ltd., Terrain Group Inc., and Pryde Schropp McComb, Inc.

Silver MedalPace Analytical Services, Inc. (Minneapolis, MN) for sales growth of 18% during 2010 and a compound average growth rate of 12% over the past 15 years, from $20 million in 1996 to $110 million in 2010. Pace has moved from incurring substantial losses to solid profitability and is now the second largest environmental testing company in the United States with 16 laboratories. The company attributes its growth primarily to the development of innovative and uniformly applied infrastructure, especially in information technology (IT). Pace claims to be one of the only large networks of laboratories that has consistently installed and operated the same integrated laboratory integrated management systems (LIMS), on-line data delivery (PacePort), financial reporting and management, internet-based learning management (Pace Yourself), and quality management. If samples are split among numerous Pace labs, customers still receive a single report delivered electronically via PacePort. Consistency of systems and ease of use has allowed Pace to grow organically in a flat market and also to grow through acquisition and diversification into the life sciences sector and into providing laboratory operations for customers.

Bronze MedalTetra Tech, Inc. (Pasadena, CA) for increasing gross revenue to more than $2.2 billion during the company's 2010 fiscal year, while net revenue increased to a record $1.46 billion-an increase of 5.3% over FY2009. Growth came from contributions from recent acquisitions, strength in international mining projects, and success in certain state and local government projects. The company worked in more than 100 countries, up from 86 in the previous year, and increased its headcount by 20% to 12,000 employees in 330 offices worldwide. Significant wins included the following: more than $1 billion in environmental remediation contracts with the U.S. Army and U.S. Navy; $200 million for technical support services for the FAA's NextGen Program; $69 million for sustainable water and sanitation programs for the U.S. Agency for International Development (USAID) in Africa and Afghanistan; and $29 million for hurricane risk reduction work for the Army Corps of Engineers in New Orleans. Tetra Tech's backlog at the end of FY2010 grew to $1.9 billion, an increase of 17.1% compared with the end of FY2009.