Stantec, a Canadian engineering and architecture firm, announced this week that it had signed of letter of intent to acquire SHW Group, with plans to complete the acquisition later this month. SHW is a nearly 300-person firm providing architectural, interior design, planning, and engineering service for the education sector; their addition to Stantec will reinforce Stantec's existing education expertise in their pursuit of top-tier positioning in this sector. Terms of the deal were not disclosed.
"Having SHW join Stantec bolsters our emerging presence in Texas and Michigan," said Stantec president and CEO Bob Gomes in a statement. "[It] will also help diversify Stantec's buildings practice by growing our education sector in an expanding US market."
"Joining Stantec gives us a greater opportunity to bring additional resources, expertise and services to our clients," added Marjorie Simmons, chief executive officer at SHW. "Joining the Stantec team will accelerate our ability to be a globally-recognized education facility planning and design expert, while offering our staff tremendous growth opportunities."
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