Stantec signs letter of intent to acquire Philadelphia-based L2P, deepening Mid-Atlantic architecture expertise
12 Outubro 2022 - 7:45AM
TSX, NYSE: STN
Stantec, a global leader in sustainable
architecture, interior design, and engineering, has signed a Letter
of Intent to acquire L2P, a 40-person Philadelphia-based
architecture, interior design, and planning firm. Founded in 2009,
L2P has grown to be a trusted advisor in the science and
technology, commercial workplace, higher education, residential,
and hospitality markets. The terms of the transaction are not
disclosed.
The acquisition will bolster Stantec’s science and technology
and commercial workplace offerings in greater Philadelphia and
beyond. L2P brings extensive experience in strategic asset planning
that supports clients in reaching informed real estate decisions.
L2P’s portfolio spans complex laboratories, technology centers,
higher education campuses, and high-density residential
developments. The team holds a reputation for delivering projects
that balance innovative design and sustainability practices with
client objectives.
“L2P and Stantec share a common passion for sustainable design
that helps create a sense of place and well-being,” said Josh
Gould, Senior Vice President, Buildings, at Stantec. “L2P uniquely
complements our existing offerings in the Philadelphia market where
we are already a recognized leader in healthcare and education
design. The additional knowledge and expertise that they bring will
allow us to support all of our clients in a more comprehensive
manner.”
Notable projects in L2P’s portfolio include
- Master planning, workplace strategy, architecture, and interior
design for the global headquarters of Air
Products, a leading industrial gases company. The 50-acre
campus in Allentown, Pennsylvania includes an administrative
building, research and development building, and a parking
structure.
- Planning, architecture, and interior design of 2000
Arch Street, a proposed 18-story office tower in Center
City, Philadelphia. Developed by the Parkway
Corporation, the project is designed for Leadership in
Energy and Environmental Design (LEED) Platinum certification. The
modern and striking tower will feature glass and unique design
elements at the streetscape to reflect the pedestrian character of
the neighborhood.
- Master planning, workplace strategy, architecture, and interior
design of a 312,000 square foot research and innovation center on
the University of Delaware’s Science Technology and Advanced
Research Campus in Newark, Delaware. The Chemours Discovery
Hub consolidates most of the company's United States
innovation teams under one roof to maximize collaboration.
Researchers and technicians utilize the laboratories, offices, and
amenity spaces to conduct cutting-edge research in fluoroproducts,
chemical solutions, and titanium technologies.
Dovetailing with Stantec’s sustainability goals, L2P has
significant capabilities in sustainable design. The team steered
design of the first LEED-Existing Buildings: Operation and
Maintenance (EBOM) building in Philadelphia’s Center City business
district and the first LEED-Commercial Interiors (CI) Gold pilot
project in the US, along with multiple Green Globes certified
projects.
“Joining a top tier firm like Stantec presents an enormous
opportunity for our staff and clients,” said John LaProcido,
Managing Principal, at L2P. “Our clients will benefit from a
broader geographic footprint and the expanded resources afforded by
a global network of experts and services. Similarly, our staff can
tap into Stantec’s strengths and connections, both locally and
globally, to remain at the leading edge of design technology and
innovation. We are inspired by the opportunity available at Stantec
for our team to continue to learn, grow, and exceed the needs of
our clients.”
L2P joins a team of more than 4,000 people within Stantec’s
global Buildings practice. The Philadelphia office is home to over
115 architects, project managers, engineers, and interior design
professionals providing services to the healthcare, education,
commercial, and public sectors. Stantec is ranked as a top ten
architecture firm by Architectural Record and Engineering
News-Record.
About StantecCommunities 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.
Media Contact
Ashley Warnock
Stantec Media
Relations Ph: (403)
472-0122
ashley.warnock@stantec.com
Investor ContactJess NieukerkStantec Investor
RelationsPh: (587) 579-2086jess.nieukerk@stantec.com
Design with community in mind
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/b4454cd4-1ac9-4989-86ab-4a62e88a7517
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