Stantec to Expand Its Environmental Services with Two Acquisitions
December 16 2013 - 9:00AM
Marketwired
Stantec to Expand Its Environmental Services with Two Acquisitions
Design firm to acquire Virginia-based Williamsburg Environmental
Group, Inc. and British Columbia's Cambria Gordon
EDMONTON, ALBERTA and NEW YORK, NEW YORK--(Marketwired - Dec 16,
2013) - North American design firm Stantec (TSX:STN) (NYSE:STN) is
expanding its environmental services by signing a letter of intent
to acquire Virginia-based Williamsburg Environmental Group, Inc.
and closing on the acquisition of British Columbia's Cambria
Gordon. Unique capabilities and the geographic positioning of the
two firms will help grow the company's environmental consulting
services in two important markets.
"We strive for top-tier positioning in each market we serve, and
today marks another step toward that goal," says Stantec president
and CEO Bob Gomes. "With these two firms joining our team, we will
continue to expand our front-end environmental services across
North America and increase the opportunities to serve communities
across Western Canada and the Mid-Atlantic region of the US."
Founded in 1990 and based in Williamsburg, Virginia,
Williamsburg Environmental Group is a 115-person environmental
consulting and engineering firm with additional offices in
Richmond, Glen Allen, and Fredericksburg, Virginia. The company
provides specialized services in ecology, environmental
restoration, water resources, and regulatory support for public and
private clients in the power, transportation, and energy and
resources sectors. Its Glen Allen office, operating as Cultural
Resources, Inc., specializes in cultural resource management and
historic preservation, from archaeological surveys and research for
Civil War-era plantations to cultural resource assessments and
analysis related to proposed development.
The acquisition is expected to be final by the end of 2013.
"We are thrilled to be joining forces with Stantec to bring a
broader range of services to our clients, better opportunities to
our staff, and strategic opportunities nationwide," says Ron Boyd,
Williamsburg Environmental Group president and cofounder. "The
timing of this move is perfect as our industry has just begun to
ramp back up."
Based in Terrace, BC, the 25-person team at Cambria Gordon
provides a range of environmental consulting services to industry,
First Nations, and all levels of government. The acquisition closed
at the end of November.
"Joining Stantec gives us the opportunity to be much more
involved in large-scale projects, says Dave Gordon, co-owner and
senior biologist at Cambria Gordon. "Our value of building
long-term client and community relationships aligns with Stantec,
and they share our goal of moving projects forward using
environmental and strategic management based on sound environmental
sciences."
With these new additions, Stantec's team now has over 3,000
environmental consulting professionals across the company.
About Stantec
We're active members of the communities we serve. That's why at
Stantec, we always design with community in mind.
The Stantec community unites more than 13,000 specialists
working in over 200 locations. Our work-professional consulting in
planning, engineering, architecture, interior design, landscape
architecture, surveying, environmental sciences, project
management, and project economics-begins at the intersection of
community, creativity, and client relationships. With a long-term
commitment to the people and places we serve, Stantec has the
unique ability to connect to projects on a personal level and
advance the quality of life in communities across the globe.
Cautionary Statements
Certain statements contained in this press release may include
forward-looking statements within the meaning of applicable US and
Canadian securities laws. Such statements include, but are not
limited to, comments with respect to future business projections
and goals, and anticipated results from acquisitions. We caution
readers of this press release not to place undue reliance on our
forward-looking statements since a number of factors could cause
actual future results, conditions, actions, or events to differ
materially from the targets, expectations, estimates, or intentions
expressed in these forward-looking statements. These factors are
discussed in greater detail in Stantec's public filings on SEDAR at
www.sedar.com and on EDGAR at www.sec.gov.
Media ContactAlison SmithUS East Media Relations(617)
523-8103alison.smith@stantec.comInvestor ContactCrystal
VerbeekStantec Investor Relations(780)
969-3349crystal.verbeek@stantec.comWilliamsburg Environmental Group
ContactRon BoydPresident(757) 220-6869rboyd@wegnet.comCambria
Gordon ContactDave GordonManaging Partner(250)
638-0498dgordon@cambriagordon.com
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