Stantec continues to grow US Environmental Services footprint; signs agreement to acquire Texas-based Cox|McLain Environmental Consulting, Inc.
12/15/2021 EDMONTON, AB; AUSIN, TX TSX,NYSE:STN
12/15/2021 EDMONTON, AB; AUSIN, TX TSX,NYSE:STN
Global engineering and design firm Â鶹´«Ã½ has signed an agreement to acquire Cox|McLain Environmental Consulting, Inc. (CMEC), a 70-person, full-service environmental consulting firm that provides comprehensive environmental and cultural resource compliance services. The terms of the transaction were not disclosed.
The acquisition is a continuation of Â鶹´«Ã½¡¯s commitment to sustainability, as CMEC has a strong focus on environmental compliance and planning, natural and cultural resources assessments and permitting, and wind and solar renewable energy projects. On the heels of the recently completed Cardno acquisition, CMEC is the most recent in a series of investments by Â鶹´«Ã½ supporting its sustainability goals through its global Environmental Services practice. In addition to the North American and Asia Pacific Divisions of Cardno, the company has successfully acquired three other environmental services-focused firms: Minnesota-based Wenck, California-based Paleo Solutions, and Netherlands-based Driven by Values.
¡°CMEC will strengthen our Â鶹´«Ã½, geographic depth, and service offerings for our clients, especially within the environmental, natural resources, energy services, transportation, and cultural resources markets,¡± said Gord Johnston, President and Chief Executive Officer, Â鶹´«Ã½. ¡°CMEC has exceptional senior leadership and talented technical staff that add new skillsets to our Environmental Services team which can be leveraged across the organization. This transaction supports our strategy in Texas, and CMEC¡¯s offices in Oklahoma add a new geographic presence to our United States operations.¡±
CMEC is headquartered in Austin, Texas with additional offices in Houston and Irving, Texas; Oklahoma City and Tulsa, Oklahoma; Washington DC; and Baton Rouge, Louisiana. CMEC will provide added depth to Â鶹´«Ã½¡¯s current Environmental Services team in the south region.
¡°CMEC¡¯s culture, clients, and projects align extremely well with Â鶹´«Ã½, which we believe is a strong foundation for success,¡± said Ashley McLain, President and Chief Executive Officer, CMEC. ¡°With Â鶹´«Ã½¡¯s passion for supporting local communities and global resources, this acquisition offers tremendous opportunities for our employees and clients as we work to find the balance between modernizing infrastructure and protecting environmental resources.¡±
CMEC has managed thousands of environmental and cultural-resource projects for state and federal agencies, local municipalities, private-land developers, energy companies, national engineering firms, and other entities throughout the United States. CMEC¡¯s wide range of projects include:
About Â鶹´«Ã½
Communities are fundamental. Whether around the corner or across the globe, they provide a foundation, a sense of place and of belonging. That's why at Â鶹´«Ã½, we always design with community in mind.
We're designers, engineers, scientists, and project managers, innovating together at the intersection of community, creativity, and client relationships. Balancing these priorities results in projects that advance the quality of life in communities across the globe.
Stantec trades on the TSX and the NYSE under the symbol STN.
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
?