Stantec signs letter of intent to acquire Peter Brett Associates
Global design firm Stantec is further expanding its UK presence with the planned acquisition of Reading-based Peter Brett Associates LLP (PBA).
An independent firm of more than 700 engineers, planners, scientists and economists delivering projects in a variety of sectors, PBA has 14 offices distributed across the UK and three across Central Europe.
The transaction is expected to close in September.
Gord Johnston, Stantec president and CEO, said: "Both PBA and Stantec bring teams that possess a depth of expertise, experience, and passion for community. Together, our combined strengths will be essential to meet the growing opportunities in key UK markets.
"Regionally, the project landscape is promising with the UK government’s policy to build 300,000 new homes per year, a five-year program to invest £4.4 billion in new and refurbished schools, a robust university upgrading initiative, and a major national investment program in UK infrastructure.
"These programs, paired with the existing role PBA is playing in projects like High Speed 2 and Crossrail 2, position us well for continued growth together."
With more than five decades of project experience in key regional markets, PBA has supported the office and commercial, urban regeneration, infrastructure, education, energy, public sector, residential, retail and town centers, tourism and leisure, waste, and water sectors.
With a varied client list spanning commercial companies and landowners to government entities, the firm has several notable projects to its credit, including urban planning for a significant development outside London at Paradise Birmingham.
Since 2010, the firm has been actively working on the Thames Tideway Tunnel project, London’s largest sewer upgrade since the Victorian era.
Previously, PBA managed the assessments for environmental impacts, health, transportation and energy and carbon footprint while also supporting stakeholder engagement and public consultation. The firm continues to provide extensive consultation on this project on several areas, including environmental planning and construction traffic strategy.
"Joining forces with Stantec will enable us to provide our clients with greater insights and expertise from the wider Stantec team and allow PBA to capitalise on the opportunities it is creating in the development and infrastructure markets,” Keith Mitchell, PBA chairman, said.
"We are excited about the opportunities that can flow from joining a team which shares our values and approach to client relationships, and that has demonstrated its track record as a great place to work."
Of Stantec’s 22,000 team members, more than 2,400 are based in the United Kingdom.
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