Stantec Inc. STN, a sustainable engineering, structure, and environmental consulting firm, introduced Tuesday that it has acquired Ryan Hanley, a 150-person Irish engineering and environmental consultancy, to strengthen its presence in Eire. The phrases of the deal weren’t disclosed.
Based in 1931, Ryan Hanley has places of work in Dublin, Galway, Cork, and Castlebar. The agency is well-known for its deep experience within the water sector and brings sturdy native perception and long-standing relationships throughout each private and non-private shoppers.
The acquisition aligns with Stantec’s broader technique to broaden its footprint in Eire and diversify into new sectors.
Stantec President and CEO Gord Johnston emphasised the energy of the partnership between the 2 companies, highlighting their observe report of affect in Eire. “By way of deep and significant collaboration, Ryan Hanley and Stantec have confirmed our means to ship excellent outcomes for shoppers and communities in Eire,” Johnston mentioned. “Innovation and objective are on the coronary heart of our companies, and this new chapter is the logical subsequent step in our collective journey.
Stantec is now formally integrating Ryan Hanley, its long-time three way partnership associate, strengthening its presence in Eire and unlocking progress alternatives within the power and transport sectors. The JV has been key in delivering main initiatives underneath Eire’s €3.5 billion water infrastructure plan, demonstrating its management in sustainable engineering and public service supply.
Stantec As of Dec. 31, 2024, Stantec held money and money equivalents of $228.5 million.
Final week, Stantec acquired Web page, a 1,400-person structure and engineering agency headquartered in Washington, D.C. The acquisition positions Stantec because the second-largest structure agency in america, considerably increasing its presence throughout key sectors and markets. The deal will increase Stantec’s U.S. Buildings observe by 35% and brings its U.S. workforce to 13,500—all whereas retaining the corporate inside its goal debt-to-EBITDA vary.
Value Motion: STN shares are buying and selling larger by 3.07% at $82.31 on the final verify Tuesday.
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