Join        Login             Stock Quote

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.

iOnTheMarket Premium


Post Comment -- Login is required to post message
Alert for new comments:
Your email:
Your Website:

rss feed

Latest Stories

article imageThe Eurozone: On The Road To Recovery With A Lingering Risk

Back in September the idea that the Eurozone's economy could potentially undergo a recovery (see post) was read on...

article imageAversion to the Mean

Stocks’ gangbusters February doesn’t mean March must be a read on...

article imageNasdaq Back To 2000 Peak But What About Investors' Portfolios?

I hope Wall Street and CNBC don’t insult the intelligence of investors who were fully invested at the read on...

article imageStocks Break Out Again But May Be Running On Fumes

Despite low trading volume, a strong dollar, mixed economic and earnings reports, paralyzing weather read on...

Popular Articles

Daily Sector Scan
Partner Center

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.