Stantec signs letter of intent to acquire USKH Inc.
May 07 2014 - 8:00AM
Marketwired
Stantec signs letter of intent to acquire USKH Inc.
Firm brings significant Alaskan, Pacific Northwest presence
EDMONTON, ALBERTA and NEW YORK, NEW YORK and ANCHORAGE,
ALASKA--(Marketwired - May 7, 2014) - (TSX:STN) (NYSE:STN)
North American design firm Stantec will grow its presence in the
Alaskan and Pacific Northwest markets by acquiring USKH Inc..
Headquartered in Anchorage, AK, USKH is a 130-person
multidiscipline design firm founded in 1972, with offices in
Alaska, Washington and Montana, including Fairbanks, Juneau,
Wasilla, Spokane, Walla Walla, Ferndale and Billings. This
transaction is expected to close in June.
"USKH provides us the opportunity to strengthen our ever growing
presence in North America while serving new markets in a growing
region," said Bob Gomes, Stantec president and chief executive
officer. "USKH's strong presence in Alaska will complement our
dominant presence in the Canadian North, and enable us to offer our
US and Canadian clients a comprehensive suite of services over the
entire emerging resource-rich northern areas of North America."
Serving a diverse base of public and private clients, USKH
provides fully-integrated architectural, landscape architecture,
engineering, environmental, planning, and surveying services. Among
the firm's community-driven design projects are the Denali Princess
Wilderness Lodge in Alaska's Denali National Park, the Eielson AFB
Fitness Center, and the City of Plummer Wastewater Treatment Plant
in Idaho. USKH's regional clients include the State of Alaska
Department of Transportation and Public Facilities, Municipality of
Anchorage, Pangborn Memorial Airport, City of Kodiak, University of
Alaska-Fairbanks, Kenai Peninsula Borough, and Fairbanks Gold
Mining, Inc., among many others.
"We've worked hard to create an inspiring workplace for our
people and deliver exceptional projects for our clients by offering
a strong suite of services. Joining Stantec will allow our team
members to expand their professional experiences by working with a
broader team, while bringing additional expertise to serve existing
clients and develop new opportunities," says Tim Vig, USKH
president and chief executive officer.
Stantec currently has nearly 6,000 employees working across 140
offices in the United States. The acquisition of USKH, combined
with Stantec's intended acquisition of Dallas, Texas-based SHW
Group, announced yesterday, represents the addition of more than
400 people to the firm's US operations.
About Stantec
The Stantec community unites more than
13,000 employees working in over 200 locations. We collaborate
across disciplines and industries to bring buildings, energy and
resource, and infrastructure projects to life. Our
work-professional consulting in planning, engineering,
architecture, interior design, landscape architecture, surveying,
environmental sciences, project management, and project
economics-begins at the intersection of community, creativity, and
client relationships. For more information, visit
www.stantec.com.
Cautionary note regarding forward-looking
statements
This news release contains forward-looking statements. By
their nature, forward-looking statements require us to make
assumptions and are subject to inherent risks and uncertainties.
There is a significant risk that a number of factors could cause
actual future results to differ materially from the forward-looking
statements made in this news release. These factors include, but
are not limited to, the risk that the proposed transaction does not
close when expected or at all or that the anticipated benefits of
the transaction are not realized.
Design with
community in mind
Media ContactDanny CraigStantec Media RelationsUS West(949)
923-6085Danny.Craig@stantec.comInvestor ContactCrystal
VerbeekStantec Investor Relations(780)
969-3349Crystal.Verbeek@stantec.comwww.stantec.comUSKH ContactTim
VigUSKH President & CEO(907) 343-5237TVig@uskh.com
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