- Stantec (STN) has signed a letter of intent to acquire the U.S.-based environmental engineering firm Wenck
- Founded in 1985, Wenck specialises in air, water, waste, food processing, natural resources and infrastructure
- The 300-person team is expected to bolster Stantec’s environmental services team, particularly in the U.S. Midwest
- The acquisition follows a similar deal in early October this year, in which Stantec purchased Canadian-based electrical engineering consulting company Teshmont
- Stantec is currently up 2.76 per cent to C$40.56 per share
Stantec (STN) has signed a letter of intent to acquire the U.S.-based environmental engineering firm Wenck.
Founded in 1985, Wenck operates both nationally and internationally, specialising in air, water, waste, food processing, natural resources and infrastructure.
With a 300-person team of multidisciplinary technical experts, the acquisition is expected to bolster Stantec’s environmental services team, particularly in the U.S. Midwest region – including Minnesota, Colorado, Wyoming, North Dakota, and Georgia – and will provide a platform for growth throughout North America.
“We have worked with Wenck across multiple business lines over many years, and we’re actively collaborating on several projects currently,” said Gord Johnston, President and CEO of Stantec.
“While Wenck complements our current suite of markets and sectors, they fill important gaps in expertise, services, geography, and clients,” he added.
Included in Wenck’s wide range of previous projects is a canola oil processing facility, a 44.6-megawatt wind far near Granite Falls, Minnesota, and the design of three biochar and iron-enhanced sand filters for use in the treatment of stormwater, which were successful in removing 60 to 95 per cent of bacteria.
“We’re excited to see a strong alignment with Stantec’s purpose, values, and culture, which we believe is a strong foundation for success,” said Rod Ambrosie, CEO of Wenck.
“By integrating into a global company network, this acquisition provides new opportunities for both our employees and clients,” he concluded.
Stantec’s purchase of Wenck follows a similar deal in early October this year, in which the company acquired Canadian-based electrical engineering consulting company Teshmont.
Stantec is currently up 2.76 per cent to C$40.56 per share at 12:07pm EST.