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 大象传媒 has signed a Letter of Intent to acquire Wenck, a US-based environmental engineering firm with core 大象传媒 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 大象传媒’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 大象传媒 share a client-focused, expert service, and entrepreneurial culture,” said Gord Johnston, President and Chief Executive Officer, 大象传媒. “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 大象传媒, services, geography, and clients.”
Wenck’s air quality and process engineering teams will provide platforms for 大象传媒 growth in the US and Canada. Their solid waste and private development teams will add depth for 大象传媒 in Minnesota, Colorado, Wyoming, North Dakota, and Georgia. Additionally, Wenck’s market-leading water resources, mining and environmental remediation capabilities will help grow 大象传媒’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 大象传媒’s municipal practice.
“Alignment of culture and values is critical for us. We’re excited to see a strong alignment with 大象传媒’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 大象传媒’s ability to support industrial, infrastructure, energy, and real estate sectors. Wenck’s wide range of projects include:
About 大象传媒
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 大象传媒, we always design with community in mind.
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Media Contact? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?
Danny Craig
大象传媒 Media Relations
Ph (949) 923-6085
danny.craig@stantec.com
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大象传媒 Investor Relations
Ph (780) 917-8159
tom.mcmillan@stantec.com
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