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Stantec

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Stantec Inc.
Company typePublic
TSX: STN
NYSE: STN
Industry
FoundedEdmonton, Alberta (1954 (1954))
Founder
Headquarters
Edmonton, Alberta
,
Canada
Number of locations
400
Area served
Worldwide
Key people
Board of Directors
Revenue
  • Increase CAD $4.28 billion (2018)
  • $4.827 billion (2019)
Total assets
  • Increase CAD $4.561 billion (2019)
  • $4.009 billion (2018)
Total equity
  • Increase CAD $1.91 Billion (2018)
  • $1.90 billion (2017)
Number of employees
  • 30,000 (2024)
WebsiteOfficial website
Stantec's head office in Edmonton
Stantec Consulting Michigan, Ann Arbor
Stantec office in Ontario

Stantec Inc. is an international professional services company in the design and consulting industry. The company was founded in 1954, as D. R. Stanley Associates in Edmonton, Alberta, Canada. Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. The company provides services on projects around the world, with over 30,000 employees operating out of more than 450 locations in North America and across offices on six continents.[1]

History

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Don Stanley was the first Canadian to earn a Ph.D. in environmental engineering.[2] Attending Harvard University on a Rockefeller Foundation scholarship, he earned his doctorate in 1952 and two years later founded D.R. Stanley & Associates, working as the sole proprietor out of a 250-square-foot (23 m2) office in Edmonton, Alberta. In 1955, Stanley hired a retired railway engineer, Herb Roblin, and a former chief bridge engineer for the provincial government, Louis Grimble. The firm was renamed Stanley, Grimble and Roblin Ltd. and with the two new partners’ transportation backgrounds, the firm diversified quickly.

The 1970s were boom years for Stanley Associates, but with the advance of the sharp recession of the 1980s, Stanley was ready to turn the company over to his second-in-command, Ron Triffo, in 1983. Triffo held a bachelor's degree in civil engineering from the University of Manitoba and an MSc in Engineering from the University of Illinois. In 1983, when Alberta's economy was struggling in response to the Canadian government's National Energy Program, Triffo became president and COO, while Stanley retained his role as CEO and chair. “We had cut our staff in half from 400 to about 200,” Triffo said. “We really started to think about a new way of doing things for the company. We were heavily involved in Alberta in a big, big way and therefore very vulnerable to the up and down cycles of the province. We decided we had to diversify the company in a discipline sense. We had to become more than just a civil engineering company and we had to diversify geographically.”

The company started its diversification by forming an urban development company under another name, IMC, which grew to 200 people. The diversification of Stanley Associates occurred by acquisition as well. The firm expanded into British Columbia and Saskatchewan and internationally, beginning a corporate move into central Canada. Stanley also made its first U.S. acquisition, in Phoenix, establishing a base for specialty services and future expansion in the US Southwest.

Following the success of IMC, Stanley Associates' various practices operated under boutique names, with as many as 20 different companies. By the early 1990s, the companies were placed under the umbrella of Stanley Technology Group, and most subsidiaries featured the name Stanley in their name. Staff numbers neared 900 and the firm went public on the Toronto Stock Exchange in 1994.[3][4]

In 1998, Triffo stepped into the role of board chair, where he remained until retiring in 2011. Tony Franceschini, then vice president of the Commercial/Institutional sector and a board member, became president and CEO. Franceschini began his career with a consulting engineering firm in Toronto, Ontario in 1975 after graduating from the University of Waterloo with a degree in civil engineering, where he worked with Triffo.

The year Franceschini became president and CEO, Stantec had 2,000 employees in 40 offices and reported $185.5 million in gross revenue. “Our vision is to grow the company into a 10,000 employee, billion-dollar firm by 2008,” Franceschini said. Franceschini was instrumental in launching the new global, single-brand identity, Stantec, which enabled the company's services to be delivered through an integrated approach. “The move was a major achievement –– in a two-month period, we sought and received shareholder approval to change the name of over 30 companies,” says Franceschini.

Stantec was listed on the New York Stock Exchange in 2005.[5] Franceschini retired in May 2009. Bob Gomes[6] was appointed president and CEO. Like the Stantec's previous three presidents, Gomes[7][8] is a licensed engineer who earned his degree in civil engineering from the University of Alberta and joined Stantec in 1988.

Between 2008 and 2011, gross revenue increased from $1.4 billion to $1.7 billion, the Stantec team grew from 8,000 staff to over 12,000 staff, the company acquired 16 firms, and strengthened its presence in markets across North America and internationally. According to Reuters, US Edition, "Its services are offered through more than 170 locations in North America and four locations internationally"[4]

In May 2016, Stantec signed a definitive merger agreement with MWH Global, Inc. worth $1.04 billion CAD, making Stantec Inc. one of the world's top three global design firms.[9] It expected to boost revenues by 60% a year, and increased the number of employees from 15,000 to 22,000.[10]

Bob Gomes retired from Stantec in 2017 and is a current member of the board of directors.[11] In January 2018, Gord Johnston became CEO of Stantec. Johnston has 30 years of private and public sector experience in the design and project management of infrastructure projects. Johnston has bachelor of science and master of engineering degrees in civil engineering from the University of Alberta, and is a registered professional engineer, certified project management professional, and Envision Sustainability Professional.[12]

Growth

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Stantec[13] has 31,000 employees and 400 locations on six continents worldwide.[14]

Acquisitions

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Stantec has acquired over 130 firms since 1994.[15] Acquisitions include MWH Global, Inc.,[10] KBR, Inc. Infrastructure Americas Division,[16] Dessau engineering, Fay, Spofford & Thorndike, Sparling,[17][18] Traffic Design Group,[19] ZETCON Engineering,[20] and Hydrock.[21]

Major projects

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Headquarters

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Further information: Stantec Tower

On July 17, 2013, Stantec announced that it was going to initiate a request for proposal (RFP) to consolidate its Edmonton headquarters and other Edmonton offices into a single building.[29] On August 26, 2014 the company announced that it had signed a 15-year lease with Edmonton's Arena District Partnership, a joint venture between the Katz Group and WAM Developments.

Stantec Tower is located in Edmonton's new downtown Ice District, and is a 66-storey 250.8 metres (823 ft),[30] mixed use skyscraper. It is the tallest building in Edmonton, and the tallest building in Western Canada and outside of Toronto.[31]

See also

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References

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  1. ^ Darling, Jessica (1 February 2021). "About". Stantec.com. Stantec. Retrieved 1 February 2021.
  2. ^ "Homes for Sale in Edmonton | YEGisHome.ca". Rewedmonton.ca. Retrieved 2016-05-19.
  3. ^ "Stantec Inc.: TSE:STN quotes & news - Google Finance". Retrieved 2016-05-19.
  4. ^ a b "Stantec Inc (STN.TO) Quote". Reuters.com. Retrieved 2016-05-19.
  5. ^ "Stantec Inc. (USA): NYSE:STN quotes & news - Google Finance". Retrieved 2016-05-19.
  6. ^ Gordon Pitts. "Steering a new phase of the Stantec growth story". The Globe and Mail. Retrieved 2016-05-19.
  7. ^ "Bob Gomes". Forbes. Forbes LLC. Archived from the original on October 21, 2013. Retrieved 19 May 2016.
  8. ^ Lamphier, Gary (March 29, 2016). "Update: $1-billion deal catapults Edmonton's Stantec into top ranks of global design firms". Postmedia Network Inc. Edmonton Journal. Retrieved 19 May 2016.
  9. ^ Castle, Shay. "Stantec completes acquisition of Broomfield's MWH Global". Boulder Daily Camera. Digital First Media. Retrieved 19 May 2016.
  10. ^ a b Lamphier, Gary. "Gary Lamphier: Stantec anchors Edmonton's new downtown 'engineering hub'". Postmedia Network Inc. Edmonton Journal. Retrieved 19 May 2016.
  11. ^ "Bob Gomes - Stantec". www.stantec.com. Retrieved 2019-03-21.
  12. ^ "Gord Johnston - Stantec". www.stantec.com. Retrieved 2019-03-21.
  13. ^ "Financial Information - Stantec". www.stantec.com. Retrieved 2019-03-22.
  14. ^ Darling, Jessica (1 February 2021). "About". Stantec Inc. Retrieved 1 February 2021.
  15. ^ "Acquisition History - Stantec". www.stantec.com. Retrieved 2019-03-21.
  16. ^ "Stantec to Acquire KBR's Infrastructure Americas Division". Marketwired L.P. Marketwired. 5 November 2015. Retrieved 19 May 2016.
  17. ^ "Sparling is part of a team". Sparling. Retrieved 19 May 2016.
  18. ^ Morgan, Geoffrey. "Stantec continues to buy up engineering firms in fractured U.S. market with acquisition of Massachusetts company". National Post - Financial Post. Postmedia Network Inc. Retrieved 19 May 2016.
  19. ^ "Stantec acquires TDG".
  20. ^ "Stantec to acquire ZETCON Engineering, a leading German infrastructure firm". Financial Post. Nov 14, 2023.
  21. ^ Rogers, Dave (1 May 2024). "Canadian engineer buys Hydrock". Building. Retrieved 2 May 2024.
  22. ^ "Panama Canal Expansion - Third Set of Locks - Stantec". www.stantec.com. Retrieved 2019-03-25.
  23. ^ "The spark of discovery". Stantec Inc. Retrieved 19 May 2016.
  24. ^ "About Blatchford". City of Edmonton. Retrieved 19 May 2016.
  25. ^ "A new community takes flight". Stantec Inc. Retrieved 19 May 2016.
  26. ^ "First P3 project proves Alberta is a leader in transportation policy and practice". Stantec Inc. Retrieved 19 May 2016.
  27. ^ "Connecting North Americans with energy". Stantec Inc. Retrieved May 19, 2016.
  28. ^ "The Apollo – Saturn V Visitor Center". Stantec Inc. Retrieved 19 May 2016.
  29. ^ Lamphier, Gary (August 28, 2014). "Stantec's new tower is great news for Edmonton; too bad the rest of the country ignored it". Edmonton Journal. Postmedia Network Inc. Retrieved 19 May 2016.
  30. ^ "Stantec Tower". Emporis. Archived from the original on April 28, 2015. Retrieved 19 May 2016.
  31. ^ Kent, Gordon (16 September 2015). "Stantec Tower in Edmonton set to be Canada's tallest outside Toronto". Postmedia Network Inc. Edmonton Journal. Retrieved 19 May 2016.
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