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Stantec (STN) To Buy Engineering Firm Greenhorne & O'Mara

 November 30, 2012 12:10 PM
 


(By Balaseshan) Stantec Inc. (NYSE: STN), which provides professional consulting services in the area of infrastructure and facilities, said it intends to purchase Mid-Atlantic-based engineering firm Greenhorne & O' \Mara.

The multidiscipline, 520-person firm will expand Stantec''s presence and services across the U..S Atlantic coast, particularly in the transportation sector and with the U.S. federal government.

Headquartered in Laurel, Maryland, with 16 offices spread throughout the Mid-Atlantic and Southeast regions, Greenhorne & O''Mara specializes in the design of transportation facilities and other infrastructure, including highway and bridge design, traffic engineering, master planning and landscape architecture, structural engineering, U.S. Department of Defense services, and utilities design.

[Related -Stantec (STN) Buys Assets Of Landmark Survey And Mapping]

Their work also includes particular expertise in water resource projects with U.S. federal agencies, such as flood hazard mitigation and floodplain mapping, National Environmental Policy Act (NEPA) compliance, wetlands delineation and permitting, environmental impact statements, and stormwater management.

The transaction is expected to close by the end of the year. Greenhorne & O''Mara will become the third firm to join Stantec in the last quarter of 2012.

Today the 21 employees of New Brunswick-based Architecture 2000 joined Stantec, bringing their bilingual architectural, master/urban planning, interior design, and project management services to the Company''s over 850 staff and 12 offices in Atlantic Canada.

[Related -Dividend Roundup: FLR, CHD, AVP, ACC, GNC, WAB, STN]

Stantec also announced the completion of its acquisition of C3TS, a Florida engineering and design firm with 150 employees. The move established a much stronger presence for Stantec on Florida''s Atlantic coast, bringing total staff in the state to more than 350 in 12 offices.

Stantec's services include planning, engineering, architecture, interior design, landscape architecture, surveying, project management, environmental sciences, and project economics for infrastructure and facilities projects.

STN is trading up 1.12 percent at $37.08 on Friday. The stock has been trading between $25.08 and $38 for the past 52 weeks.

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