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Benzinga
Benzinga
Business
Akanksha Bakshi

Stantec Intends To Acquire Barton Willmore For Undisclosed Sum

  • Stantec Inc (NYSE:STN) revealed its intention to acquire Barton Willmore, a planning and design consulting firm in the U.K. The financial terms of the deal were not disclosed.
  • Founded in 1936, Barton Willmore has over 300 town planners, designers, and architects employed across the country.
  • Barton Willmore supports transformational projects in the region's residential, logistics, retail, infrastructure, energy, higher education, and urban regeneration sectors.
  • Upon close, the Barton Willmore acquisition will bring Stantec's regional presence to more than 2,500 team members distributed across the UK.
  • The transaction is expected to close in early April 2022.
  • Stantec held cash and equivalents of $186.7 million as of December 31, 2021.
  • Price Action: STN shares are trading higher by 4.28% at $49.94 on the last check Wednesday.
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