Stantec

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Stantec Inc.
Public
Traded as TSXSTN
NYSESTN
Industry
Founded Edmonton, Alberta (1954 (1954))
Founder
  • Dr. Don Stanley
Headquarters Edmonton, Alberta, Canada
Number of locations
400
Area served
Worldwide
Key people
Revenue
  • Increase CAD $2.88 billion (2015)
  • $2.53 billion (2014)
Profit
  • Decrease CAD $156,378 million (2015)
  • $164,498  million (2014)
Total assets
  • Increase CAD $951.4 million (2015)
  • $844.7 million (2014)
Total equity
  • Increase CAD $2.341 Billion (2015)
  • $1.086 billion (2014)
Number of employees
  • Increase+22,000 (2016)
  • 15,000 (2015)
Subsidiaries
Website Official website
Footnotes / references
[1][2][3][4][5]
Stantec Consulting Michigan, Ann Arbor
Stantec office in Ontario

Stantec Inc. is an international professional services company in the design and consulting industry. Founded in 1954, as D. R. Stanley Associates in Edmonton, Alberta. 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 through over 22,000 employees operating out of more than 400 locations in North America and 7 locations internationally.[6]

History[edit]

Dr. Don Stanley[4] was the first Canadian to earn a Ph.D. in environmental engineering.[7] 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. 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 a 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.[8][9]

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.[10] Franceschini retired in May 2009 but remains on the Stantec Board. Robert Gomes[11] was appointed president and CEO. Like the Stantec’s previous three presidents, Gomes[12][13] 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, Stantec team grew from 8,000 staff to over 12,000 staff, the Company acquired 16 firms, and has 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"[9]

In May 2016, Stantec signed a definitive merger agreement with MWH Global, Inc. worth $1.04 billion CAD making Stantec Inc. one of the worlds top three global design firms.[14] It is expected to will boost revenues 60% a year, and increased the amount of employees form 15,000 to 22,000.[15]

Growth[edit]

Stantec has +22,000 employees, and 400 locations.[1][16] Stantec has locations in seven countries worldwide.[17] these include two in North America, Canada,[18] United States.[19] One in Europe, United Kingdom.[20] Two countries in the Middle East, United Arab Emirates, and Qatar,[21] and one in the Caribbean in, Barbados.[22]

Acquisitions[edit]

Stantec has acquired over 75 firms since 2000.[5] Some of the acquisitions include MWH Global, Inc.,[15] KBR, Inc. Infrastructure Americas Division,[23] Dessau engineering, Fay, Spofford & Thorndike, and Sparling.[24][25]

Major projects[edit]

Headquarters[edit]

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.[32] 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.

The Stantec Tower will be located in Edmonton's new downtown Ice District, and is planned to be a 66-storey 250.8 metres (823 ft),[33] mixed used skyscraper. It will be the tallest building in Edmonton, and the tallest building in Western Canada and outside of Toronto.[34]

See also[edit]

References[edit]

  1. ^ a b "History-Growth". Stantec Inc. Stantec Inc. Retrieved 19 May 2016. 
  2. ^ "Governance". Stantec Inc. Stantec Inc. Retrieved 19 May 2016. 
  3. ^ "Company Overview". Stantec Inc. Stantec Inc. Retrieved 19 May 2016. 
  4. ^ a b "Our Evolution". Stantec. Stantec Inc. Retrieved 19 May 2016. 
  5. ^ a b "Acquisition History". Stantec Inc. Stantec Inc. Retrieved 19 May 2016. 
  6. ^ "Home". Stantec. Retrieved 2016-05-19. 
  7. ^ "Homes for Sale in Edmonton | YEGisHome.ca". Rewedmonton.ca. Retrieved 2016-05-19. 
  8. ^ "Stantec Inc.: TSE:STN quotes & news - Google Finance". Google.com. Retrieved 2016-05-19. 
  9. ^ a b "Stantec Inc (STN.TO) Quote". Reuters.com. Retrieved 2016-05-19. 
  10. ^ "Stantec Inc. (USA): NYSE:STN quotes & news - Google Finance". Google.com. Retrieved 2016-05-19. 
  11. ^ Gordon Pitts. "Steering a new phase of the Stantec growth story". The Globe and Mail. Retrieved 2016-05-19. 
  12. ^ "Robert Gomes". Forbes. Forbes LLC. Archived from the original on October 21, 2013. Retrieved 19 May 2016. 
  13. ^ 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. 
  14. ^ Castle, Shay. "Stantec completes acquisition of Broomfield's MWH Global". Boulder Daily Camera. Digital First Media. Retrieved 19 May 2016. 
  15. ^ a b Lamphier, Gary. "Gary Lamphier: Stantec anchors Edmonton's new downtown 'engineering hub'". Postmedia Network Inc. Edmonton Journal. Retrieved 19 May 2016. 
  16. ^ "Stantec Office Locations". Google Maps. Google Maps. Retrieved 19 May 2016. 
  17. ^ "Office Locations". Stantec Inc. Stantec Inc. Retrieved 19 May 2016. 
  18. ^ "Canada Locations". Stantec Inc. Stantec Inc. Retrieved 19 May 2016. 
  19. ^ "United States Locations". Stantec Inc. Retrieved 19 May 2016. 
  20. ^ "United Kingdom Location". Stantec Inc. Stantec Inc. Retrieved 19 May 2016. 
  21. ^ "Middle East Locations". Stantec Inc. Stantec Inc. Retrieved 19 May 2016. 
  22. ^ "Barbados Office". Stantec Inc. Stantec Inc. Retrieved 19 May 2016. 
  23. ^ "Stantec to Acquire KBR's Infrastructure Americas Division". Marketwired L.P. Marketwired. 5 November 2015. Retrieved 19 May 2016. 
  24. ^ "Sparling is part of a team". Sparling. Sparling. Retrieved 19 May 2016. 
  25. ^ 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. 
  26. ^ "The Apollo – Saturn V Visitor Center". Stantec Inc. Stantec Inc. Retrieved 19 May 2016. 
  27. ^ "First P3 project proves Alberta is a leader in transportation policy and practice". Stantec Inc. Retrieved 19 May 2016. 
  28. ^ "Connecting North Americans with energy". Stantec Inc. Stantec Inc. Retrieved May 19, 2016. 
  29. ^ "The spark of discovery". Stantec Inc. Retrieved 19 May 2016. 
  30. ^ "About Blatchford". City of Edmonton. City of Edmonton. Retrieved 19 May 2016. 
  31. ^ "A new community takes flight". Stantec Inc. Stantec Inc. Retrieved 19 May 2016. 
  32. ^ 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. 
  33. ^ "Stantec Tower". Emporis. Emporis. Retrieved 19 May 2016. 
  34. ^ 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. 

External links[edit]