Stantec acquires Morrison Hershfield, boosts Canadian presence

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Dive Immediate:

• Create conglomerate Stantec has received Markham, Ontario-essentially based Morrison Hershfieldthe company launched on Jan. 9. The terms of the deal weren’t disclosed.
• Stantec, which changed into as soon as ranked eighth on Engineering News Epic’s High 500 Create Corporations checklist of 2023, nabbed No. 148 Morrison Hershfield with a plot to raise its presence in Canadian markets, per the release. In consequence, Edmonton-essentially based Stantec, which has more than half of its areas of work within the U.S., will grow its Canadian team by 10%.
• Stantec said within the release that Morrison Hershfield is one amongst the handiest Canadian-essentially based engineering companies with core strengths, industry lines and purchasers that will add to its presence in more than one key teach markets, along side the Greater Toronto location, one amongst Canada’s largest property markets.

Dive Insight:

The originate firm highlighted two of Morrison Hershfield’s industry areas within the announcement — its Horizontal Infrastructure and Environmental Products and services segments.

Stantec said the outdated would double Stantec’s transportation presence in Ontario, while the latter would bolster its skill to toughen infrastructure initiatives in key Canadian markets love Toronto, Vancouver, British Columbia and in Canada’s North by combining both companies’ areas of work in Whitehorse, Yukon.

In conjunction with these segments, Morrison Hershfield presents Stantec skill with knowledge center and mission serious market residence, per the release, which it said enhances its acquisition of Environmental Programs Create from final June.

“This acquisition presents us with gain accurate of entry to to many excessive-profile North American and global initiatives and markets within the communities the place our workers are living and work,” said Anthony Karakatsanis, Morrison Hershfield’s CEO.

Projects that Morrison Hershfield has labored on encompass:

• The Gardiner Parkway East from Cherry Avenue to the Don Valley Parkway in Toronto. The firm is providing engineering products and services on the project.
• The Confederation and Trillium lines of Ottawa’s Light Rail Transit machine. Morrison Hershfield supplied products and services for preliminary engineering and procurement, as successfully as implementation and constructing phases. The project involves the approach of 27 miles of most new light rail working manner, as successfully as 24 stations.
• The Microsoft Redmond Campus Renovation in Redmond, Washington, which may accomplish 19 modern constructions across four villages, a 6,500-automobile parking garage, a customer center and a Central Utility Plant. The company’s products and services encompass constructing envelope consulting and commissioning, façade engineering, vitality modeling and discipline performance attempting out.

The deal, which is discipline to shareholder approval, courtroom procedures and regulatory stamps, is anticipated to shut this quarter.