Stantec's Bold Move: Acquiring Page to Revolutionize Design and Engineering

Acquisition Highlights

• Stantec is set to acquire Page, a leading architecture and engineering firm based in Washington, DC, significantly enhancing its position in the US market.

Key Benefits of the Acquisition

• This acquisition will position Stantec as the second-largest architecture firm in the US and the largest integrated engineering and architecture firm in North America.
• It will expand Stantec’s service offerings in high-growth sectors such as advanced manufacturing, data centers, and healthcare, while also introducing capabilities in cleanroom design and fabrication facilities.

Strategic Growth

• The deal is a strategic move to meet the goals outlined in Stantec’s 2024-2026 Strategic Plan.
• With Page on board, Stantec’s Buildings practice will grow by approximately 35%, increasing its workforce to about 13,500 employees in the US.

About Page

• Founded in 1898, Page has a portfolio that includes notable projects like the Indeed Tower in Austin and the National Museum of African American History and Culture in Washington, DC.
• The firm is recognized for its commitment to design excellence and has a strong focus on various sectors including academic, civic, commercial, and healthcare.

Leadership Statements

• Gord Johnston, CEO of Stantec, emphasized that this acquisition will enhance their ability to serve North American clients better.
• Thomas McCarthy, CEO of Page, expressed excitement about joining Stantec to accelerate their strategic goals and enhance their service capabilities.

Future Outlook

• The acquisition is pending regulatory approvals, and Stantec plans to finance the deal through existing funds. This move is expected to strengthen Stantec’s market influence and operational capacity in the design and engineering sectors.