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Stantech, one of Canada’s largest engineering consultancies, has acquired rival Morrison Hershfield for an undisclosed price.
Morrison Hershfield is headquartered in Markham, Ontario and has approximately 1,150 employees. Once it closes later this quarter, the deal will bolster Stantech’s Canadian workforce by about 10%.
“We are thrilled to bring a firm of Morrison Hershfield’s stature into the Stantec fold,” remarked Stantech CEO Gord Johnston. “Stantec and Morrison Hershfield have a similar history from our roots in the Canadian market, growing and diversifying services both by geography and service line.”
Morrison Hershfield is active in several parts of the construction sector including the high-growth data center segment. It also takes on other types of projects for tech industry clients.
The firm is helping Microsoft renovate its global headquarters in Redmond, Washington, a project that encompasses 19 buildings. Morrison Hershfield also led the design of Canada’s first electric vehicle battery plant, which is being built in Windsor, Ontario by LG and Stellantis.
Stantech pointed to Morrison Hershfield’s transportation expertise as another motivation behind the acquisition. The latter firm has experience crafting blueprints for bridges, highways and other types of transportation infrastructure. It helped design multiple sections of the Ottawa’s light rail system as well as a major expressway in Toronto.
Engineering is not the firm’s only area of expertise. It also provides a range of other services to clients including construction administration, program management and building inspection.
Besides expertise, Stantech is also gaining new clients through the deal. The latter firm expects to bolster its business with “core strengths, business lines, and clients that are additive to Stantec’s presence in multiple key growth markets” through the purchase.