Morrison Hershfield remains a preferred vendor for engineering and construction services on the F.G. Gardiner Expressway, a critical piece of Toronto?s infrastructure. (Photo source: Stantec)
Stantec, a leader in sustainable design and engineering, has signed an agreement to acquire Morrison Hershfield.
Morrison Hershfield, a 1,150-person engineering and management firm in Markham, Ontario, was founded in 1946. Employee-owned with offices in 22 cities in Canada and the U.S. and one in India, Morrison Hershfield has a reputation in transportation, buildings, and environmental services.
Morrison Hershfield is expected to increase Stantec?s Canadian workforce by approximately 10 per cent.
The acquisition is being completed by way of a court approved plan of arrangement, is subject to Morrison Hershfield shareholder approval, court approvals, and certain regulatory approvals. It is expected to close in Q1 2024. The acquisition of Morrison Hershfield expands Stantec?s presence in many Canadian markets and strengthens its U.S. presence in buildings engineering.
?We are thrilled to bring a firm of Morrison Hershfield?s stature into the Stantec fold,? said Gord Johnston, president and chief executive officer, Stantec.
?Our firms have shared a mutual admiration over many years. 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. And, importantly, our values and culture are...