Stantec signs Letter of Intent to acquire Wenck, a 300-person environmental engineering firm
12/03/2020 EDMONTON, AB; MINNEAPOLIS, MN TSX, NYSE: STN
12/03/2020 EDMONTON, AB; MINNEAPOLIS, MN TSX, NYSE: STN
Global engineering and design firm Â鶹´«Ã½ has signed a Letter of Intent to acquire Wenck, a US-based environmental engineering firm with core Â鶹´«Ã½ in air, water, waste, food processing, natural resources, and infrastructure. Founded in 1985, Wenck operates both nationally and internationally, providing complete environmental, engineering, and response solutions with 300 multidisciplinary technical experts. The terms of the transaction were not disclosed.
This acquisition will immediately add depth and breadth to Â鶹´«Ã½¡¯s environmental services team, especially in the US Midwest. The environmental services industry is experiencing significant growth, with opportunities in the US energy, infrastructure, manufacturing, mining, and transportation sectors.
¡°Wenck and Â鶹´«Ã½ share a client-focused, expert service, and entrepreneurial culture,¡± said Gord Johnston, President and Chief Executive Officer, Â鶹´«Ã½. ¡°We have worked with Wenck across multiple business lines over many years, and we¡¯re actively collaborating on several projects currently. While Wenck complements our current suite of markets and sectors, they fill important gaps in Â鶹´«Ã½, services, geography, and clients.¡±
Wenck¡¯s air quality and process engineering teams will provide platforms for Â鶹´«Ã½ growth in the US and Canada. Their solid waste and private development teams will add depth for Â鶹´«Ã½ in Minnesota, Colorado, Wyoming, North Dakota, and Georgia. Additionally, Wenck¡¯s market-leading water resources, mining and environmental remediation capabilities will help grow Â鶹´«Ã½¡¯s presence in the company¡¯s US North Central, Mountain, and Southeast Regions, and their municipal infrastructure, geospatial resources, and construction services/administration groups will strengthen Â鶹´«Ã½¡¯s municipal practice.
¡°Alignment of culture and values is critical for us. We¡¯re excited to see a strong alignment with Â鶹´«Ã½¡¯s purpose, values, and culture, which we believe is a strong foundation for success,¡± said Rod Ambrosie, Chief Executive Officer, Wenck. ¡°By integrating into a global company network, this acquisition provides new opportunities for both our employees and clients.¡±
Wenck¡¯s engineering and environmental services experience will strengthen Â鶹´«Ã½¡¯s ability to support industrial, infrastructure, energy, and real estate sectors. Wenck¡¯s wide range of projects include:
About Â鶹´«Ã½
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Media Contact? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?
Danny Craig
Â鶹´«Ã½ Media Relations
Ph (949) 923-6085
danny.craig@stantec.com
Investor Contact
Tom McMillan
Â鶹´«Ã½ Investor Relations
Ph (780) 917-8159
tom.mcmillan@stantec.com
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