(By Balaseshan) Stantec Inc. (NYSE: STN) continues to strengthen its presence in the Mid-Atlantic region of the United States with the acquisition of the assets of survey and mapping firm Landmark Survey and Mapping Inc. (LSM).
Based in Washington, Pennsylvania, the 24-person firm specializes in surveying and mapping for oil and gas pipelines, a growing area of focus for Stantec. LSM employs licensed land surveyors and associated technicians with experience in all aspects of surveying and mapping, particularly in the oil and gas and power markets.
LSM has worked on surveys for all sizes and types of pipelines, using state-of-the art equipment such as electronic data collectors, global positioning systems, prism-less total stations, single- and multi-beam echo sounders, and 3D laser scanning. Their projects cross the United States, including work in Texas, Ohio, New York, Pennsylvania, and West Virginia.
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Stantec already employs over 400 staff in Pennsylvania, including nearly 150 in its Pittsburgh and Butler offices, which are within 60 miles of LSM''s base. LSM also has an office in North Canton, Ohio, joining Stantec''s 250 employees across that state.
In addition, Stantec closed the acquisition of Maryland-based Greenhorne & O''Mara, a 520-person transportation, environment, and infrastructure and design firm based in Laurel, Maryland. The addition further expands Stantec's presence and services across the US Atlantic coast, particularly in the transportation sector and with the US federal government.
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Stantec currently has over 2,000 engineering and environmental staff who provide a full spectrum of services to the oil and gas sector. These services were most recently and significantly augmented with the acquisition of Cimarron Engineering in Calgary and Edmonton, Alberta.
Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects.
STN is trading down 0.41% at $38.99 on Friday. The stock has been trading between $25.47 and $40.35 for the past 52 weeks.