Stantec, a global design and engineering firm, has signed a definitive purchase agreement to acquire Page, a 1,400-person architecture and engineering firm headquartered in Washington, D.C.
The acquisition will deepen Stantec’s expertise and resources in key growth areas such as advanced manufacturing, data centers, and healthcare, while adding new capabilities in cleanroom design and fabrication facilities. It also strengthens Stantec’s U.S. offering in mission critical, academic, civic, cultural, aviation, science and technology, and commercial.
The acquisition supports Stantec’s strategic growth in the Buildings sector and expands its North American platform.
With the addition of Page, Stantec’s U.S. Buildings practice will grow by approximately 35 percent and the company’s overall U.S. employee headcount will expand to approximately 13,500 people.
The acquisition is expected to close upon receipt of required regulatory approvals. The terms of the transaction are not disclosed. Stantec intends to fund the acquisition through existing funds and credit facilities.
Founded in 1898 in Austin, Tex., Page has offices in 20 cities across the U.S. and Mexico. Examples of the firm’s projects include the Indeed Building in Austin, Tex., and the John A. Paulson Center at New York University.
