Stantec takes over Hydrock

Stantec carried out its takeover of UK consulting engineer Hydrock on 30^th April 2024. The terms hold no longer been disclosed.

Hydrock was as soon as based in Bristol in 1995 and now has 950 workers sooner or later of 22 UK places of work. Its products and companies consist of fire security, vitality and sustainability, civil and structural, building products and companies, transport, environmental and geotechnical products and companies.

Hydrock Holdings generated turnover of £74m in the 300 and sixty five days to 31^st March 2023, up 40% from £59m the old 300 and sixty five days, and made a pre-tax earnings of £2.7m. Turnover was as soon as boosted by the acquisitions throughout 2022 of 3e Consulting Engineers, Full Originate Partnership and SPL Song.

Hydrock founder Brian McConnell sold a majority stake in his industry in 2018 to BGF (formerly Substitute Boost Fund), an funding firm owned by a crew of banks to provide enterprise capital for limited and medium-sized corporations in the UK and Eire.

With the sale to Stantec, and no longer too long ago having grew to turn out to be 60, McConnell has now retired from the industry.

“The arrival together of Stantec and Hydrock is an ambitious and acceptable evolution for both our corporations in the UK,” talked about Stantec’s govt vice president Cath Schefer. “Hydrock provides us with a highly complementary line of products and companies and abilities which most efficient reinforces our UK providing. Our mixed abilities, files, and creativity, as correctly as our shared commitment to invent better, extra liveable places for people and communities, puts us in an distinctive space to verbalize meaningful worth for our industry-leading purchasers.”

Hydrock managing director Scott Elliott talked about: “Hydrock’s persons are united by a shared aim to be a power for perfect. I’m pleased that this aligns so correctly with Stantec’s tradition. By approach to our integration, we’ll be in a pickle to enhance our reach and impact internationally, penetrate thrilling new markets, and provide beautiful new occupation alternatives for our people. Together, we’ll pioneer engineering strategies, power vitality resilience, and enhance this country’s considerable transition to a low-carbon economic system.”

He added: “I’d have to thank our retiring founder Dr Brian McConnell for his tireless efforts rising the industry over the final 29 years into what’s now a highly revered national imprint. It is a pivotal moment in our firm’s historical past and a thrilling new chapter for our colleagues and our purchasers.”

Hydrock’s acquisition follows a duration of both natural and acquisitive whisper for Stantec. In the major four months of 2024, its workers numbers hold grown by extra  than 2,700 crew individuals to extra than 30,000 thru the acquisitions of Zetcon in Germany, Morrison Hershfield in Canada, and now Hydrock.

Its old UK acquisitions, all made in the past eight years, consist of Montgomery Watson Garza (MWH), ESI, Peter Brett Mates and Barton Willmore.

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