Stantec continues to grow US Environmental Services footprint; signs agreement to acquire Texas-based Cox|McLain Environmental Consulting, Inc.
15 Dezember 2021 - 11:00PM
TSX, NYSE: STN
Global engineering and design firm Stantec has signed an
agreement to acquire Cox|McLain Environmental Consulting, Inc.
(CMEC), a 70-person, full-service environmental consulting firm
that provides comprehensive environmental and cultural resource
compliance services. The terms of the transaction were not
disclosed.
The acquisition is a continuation of Stantec’s commitment to
sustainability, as CMEC has a strong focus on environmental
compliance and planning, natural and cultural resources assessments
and permitting, and wind and solar renewable energy projects. On
the heels of the recently completed Cardno acquisition, CMEC is the
most recent in a series of investments by Stantec supporting its
sustainability goals through its global Environmental Services
practice. In addition to the North American and Asia Pacific
Divisions of Cardno, the company has successfully acquired three
other environmental services-focused firms: Minnesota-based Wenck,
California-based Paleo Solutions, and Netherlands-based Driven by
Values.
“CMEC will strengthen our expertise, geographic depth, and
service offerings for our clients, especially within the
environmental, natural resources, energy services, transportation,
and cultural resources markets,” said Gord Johnston, President and
Chief Executive Officer, Stantec. “CMEC has exceptional senior
leadership and talented technical staff that add new skillsets to
our Environmental Services team which can be leveraged across the
organization. This transaction supports our strategy in Texas, and
CMEC’s offices in Oklahoma add a new geographic presence to our
United States operations.”
CMEC is headquartered in Austin, Texas with additional offices
in Houston and Irving, Texas; Oklahoma City and Tulsa, Oklahoma;
Washington DC; and Baton Rouge, Louisiana. CMEC will provide added
depth to Stantec’s current Environmental Services team in the south
region.
“CMEC’s culture, clients, and projects align extremely well with
Stantec, which we believe is a strong foundation for success,” said
Ashley McLain, President and Chief Executive Officer, CMEC. “With
Stantec’s passion for supporting local communities and global
resources, this acquisition offers tremendous opportunities for our
employees and clients as we work to find the balance between
modernizing infrastructure and protecting environmental
resources.”
CMEC has managed thousands of environmental and
cultural-resource projects for state and federal agencies, local
municipalities, private-land developers, energy companies, national
engineering firms, and other entities throughout the United States.
CMEC’s wide range of projects include:
- Central Texas Freshwater
Mussel Surveys, Relocation Efforts, and Formal
Conferences: The CMEC team developed one of the first
survey and salvage plans for candidate mussel species in Texas.
Additionally, the CMEC team has successfully completed multiple
U.S. Fish and Wildlife Service (USFWS)-approved surveys for
federally proposed species, two of which occurred in proposed
critical habitat units in Central Texas. CMEC authored one of the
first biological assessments (BAs) used for formal conference on
freshwater mussel species for transportation in Texas and is
actively working on two additional BAs for conference with the
USFWS. These flagship surveys have shaped the conversation
regarding baseline “take” estimates on multiple projects with their
agency partners.
- Historic Building Survey for
North Loop, Hancock, and Upper Boggy Creek Neighborhoods:
CMEC architectural historians surveyed more than 4,000 resources
constructed prior to 1974 in the northeast half of North Central
Austin. This project included development of contexts specific to
each neighborhood, field survey, photo documentation, public
engagement, archival research, oral history interviews, and
recommendations regarding local and national designations and
tourism potential. Historians collected data in the field with a
highly efficient tablet system that delivered the documentation to
a cloud-based database. A preservation priority was assigned to
each resource and eligibility was assessed for local landmark and
National Register eligibility, and recommendations regarding
historic districts and heritage tourism.
- Archeological Mitigation at
the Berryhill Creek Site: CMEC conducted data recovery
excavations to mitigate adverse effects to a prehistoric
archeological site discovered during the construction of a drainage
structure associated with an Oklahoma expressway extension project.
The site was observed by an archeological monitor and then
evaluated by state agency transportation and archeological
specialists. Portions of the site were destroyed by the
installation of the drainage culvert, but project archeologists
determined that other deposits were intact. Nearly 9,000 artifacts
were collected. The site was recommended eligible for the National
Register of Historic Places under Criterion D (research potential),
and CMEC conducted a full data recovery of the site in partial
fulfillment of federal agency regulatory compliance
obligations.
About Stantec
Communities are fundamental. Whether around the corner or across
the globe, they provide a foundation, a sense of place and of
belonging. That's why at Stantec, we always design with
community in mind.
We're designers, engineers, scientists, and project managers,
innovating together at the intersection of community, creativity,
and client relationships. Balancing these priorities results in
projects that advance the quality of life in communities across the
globe.
Stantec trades on the TSX and the NYSE under the symbol STN.
Visit us at stantec.com or find us on social media.
Media
Contact Danny
CraigStantec Media RelationsPh (949)
923-6085danny.craig@stantec.com
Investor ContactTom McMillanStantec Investor
RelationsPh (780) 917-8159tom.mcmillan@stantec.com
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