Stantec signs definitive purchase agreement to acquire Page, making it the second largest architecture firm in the U.S.
Stantec announced today it has signed a definitive purchase agreement to acquire Page, the 1,400-person firm headquartered in Washington, D.C. with offices in 20 cities around the world. The agreement positions Stantec as the second largest architecture office in the U.S. after Gensler.With this agreement, Stantecs overall U.S. employee headcount is approximately 13,500 people, expanding Stantecs U.S. Buildings practice by 35 percent. The maneuver is part of Stantecs 20242026 Strategic Plan, which outlined fast growing segments and regions where the corporation wants to grow. The agreement with Page essentially doubles Stantecs presence in Texas.The agreement, Stantec said in a statement, deepens its 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, and also mission critical, academic, civic, cultural, aviation, science and technology, and commercial sectors.Page is a respected architecture and engineering firm with shared values and a commitment to design excellence and innovation, said Gord Johnston, Stantec president and CEO. This acquisition will greatly support our strategic market growth in our Buildings business while enabling us to leverage our expanded platform to better serve our North American clients and grow our worldwide market presence. Page was founded in 1898 in Texas. While presently based in the nations capital, it has offices in Mexico City, Houston, Austin, Dallas, Denver, New York City, Boston, Atlanta, San Francisco, and other cities. Both Page and Stantec have a history of successful collaboration.Previously, Stantec and Page collaborated on the Brian D. Jellison Outpatient Cancer Pavilion and Outpatient Cancer Center Institute for Sarasota Memorial Health Care System in Sarasota, Florida.Together, we will support our clients with expanded reach, greater expertise, and deeper resources. Our strategic plans were to achieve domestic primacy and global influence for our team, joining Stantec positions us to accelerate these plans, added Thomas McCarthy, Page CEO. We are delighted to be joining Stantec and elevating the capabilities of our talented team.Now that the agreement has been signed, the acquisition is expected to close upon receipt of required regulatory approvals, Stantec said. The acquisition is funded, Stantec continued, through existing funds and credit facilities.The terms of the transaction were not disclosed.
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