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Stantec bulks up by acquiring U.S. architectural firm

Stantec , Canada's largest architectural firm, made no secrets about wanting expand its presence in the U.S. and its newly signed letter of intent to acquire Anshen + Allen allows it to do just that.

The Canadian firm is particularly interested in the health care and education sectors because there is demand for things like new university buildings and hospital labs. Anshen + Allen, with 200 employees in offices across the U.S. and in London, England, just so happens to specialize in these fields.

The two firms grew much more familiar with each other because Stantec's San Francisco office worked on the recently opened Laguna Honda Hospital and Rehabiltation Center with Anshen + Allen.

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The acquisition is being made on friendly terms, a "must" for this industry because people are the assets. If architects leave after the merger, there's no one to design. Roger Swanson, Anshen + Allen's chief executive officer will stay on with Stantec in a leadership position.

Stantec's bid price hasn't been disclosed but Anshen + Allen had a revenue of $63-million (U.S.) last year.

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About the Author
Reporter and Streetwise columnist

Tim Kiladze is a business reporter with The Globe and Mail. Before crossing over to journalism, he worked in equity capital markets at National Bank Financial and in fixed-income sales and trading at RBC Dominion Securities. Tim graduated from Columbia University's Graduate School of Journalism and also earned a Bachelor in Commerce in finance from McGill University. More

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