TSX, NYSE: STN
Stantec, a global leader in sustainable design and engineering,
has acquired Hydrock, a 950-person integrated engineering design
firm headquartered in Bristol, England. Founded in 1995, Hydrock
holds a nationwide presence with 22 UK locations and
industry-renowned experience providing sustainable solutions for
major projects across the country’s public and private sectors.
Hydrock has extensive capabilities in fire safety, energy and
sustainability, civil and structural, MEP, transport,
environmental, and geotechnical services. The transaction closed on
April 30 and the terms have not been disclosed.
As part of Stantec’s continued global growth strategy, the
Hydrock acquisition will increase Stantec’s UK workforce by over 30
percent, significantly bolstering Stantec’s offering to the energy,
buildings, and infrastructure markets, as well as the wider built
environment.
“We look forward to welcoming the Hydrock team to Stantec,” said
Gord Johnston, Stantec’s president and chief executive officer.
“When combined with the strategic acquisitions of ZETCON and
Morrison Hershfield, we will have grown our global workforce by
over 2,700 people within the first four months of 2024, further
strengthening our offering in line with market demands.”
“The coming together of Stantec and Hydrock is an ambitious and
compatible evolution for both our firms in the UK,” commented Cath
Schefer, Stantec’s executive vice president and chief operating
officer for Global. “Hydrock provides us with a highly
complementary line of services and expertise which only reinforces
our UK offering. Our combined experience, knowledge, and
creativity, as well as our shared commitment to create better, more
liveable places for people and communities, puts us in an
exceptional position to deliver meaningful value for our
industry-leading clients.”
Merging expertise and cultures
By adding Hydrock’s workforce, Stantec will gain a range of
additional built environment expertise, notably fire safety and
energy, complementing its already comprehensive client
offerings.
In recent years, both Hydrock and Stantec have committed to
sustainable operations, purpose-driven design and engineering, and
inclusive cultures.
As the UK transitions to a low-carbon economy and the country’s
requirements for future-proofed utilities, infrastructure, and
communities grow, the addition of Hydrock allows Stantec to
diversify and expand its offering while supporting positioning
efforts for a range of transformative cross-sector projects and
programs.
“Hydrock’s people are united by a shared purpose to be a force
for good. I’m delighted that this aligns so well with Stantec’s
culture,” commented Dr Scott Elliott, managing director of Hydrock,
now Stantec.
“Through our integration, we’ll be able to expand our reach and
influence internationally, penetrate exciting new markets, and
provide excellent new career opportunities for our people.
Together, we’ll pioneer engineering solutions, drive energy
resilience, and support this country’s vital transition to a
low-carbon economy. I’d like to thank our retiring founder Dr Brian
McConnell for his tireless efforts growing the business over the
last 29 years into what is now a highly respected national brand.
This is a pivotal moment in our company’s history and an exciting
new chapter for our colleagues and our clients.”
Hydrock’s Project Experience:
Hydrock’s portfolio of technical consulting experience focuses
on building design and performance, energy and sustainability,
climate adaptation, and geo-environmental services. Standout
projects include:
- Delivery of The University of the West of England’s
flagship Faculty of Engineering and Design building. For
this award-winning 8,500-square-meter facility, Hydrock provided
full end-to-end multidisciplinary engineering services from RIBA
Stages 1 to 7. Securing two prestigious British Construction
Industry Awards, Hydrock continues to support the university with
its campus development plans.
- Engineering design for ‘the UK’s greenest hospital,’
Velindre Cancer Centre, Wales. Hydrock is
delivering multidisciplinary engineering design services on this
world-class, state-of-the-art hospital, which is set to be a
sustainable, sensitive, and naturally calming space for staff,
patients, and their families.
- Acting as the lead multidisciplinary consultant on an
engineering-led master plan for one of the largest undeveloped
sites in Greater Manchester. Ashton Moss
Innovation Park is a 173-acre site with the
ambition to become a beacon of digital and health manufacturing,
aligning with the context of Places for Everyone and the Greater
Manchester Strategy to drive sustainable and inclusive
development.
- Supporting the transformative redevelopment of
Pitlochry Theatre, the largest of its kind in
Scotland. The 70-year-old theatre is undergoing extensive building
upgrades to create a world-class centre of excellence tailored for
the 21st century. Hydrock is providing a range of multidisciplinary
expertise encompassing fire safety, structural and civil
engineering, and MEP design, as well as smart energy and
sustainability consultancy.
- Providing a full complement of multidisciplinary engineering
services to support the creation of multi-award-winning The
Wave, Bristol leisure facility. Hydrock’s
multidisciplinary expertise was instrumental in supporting the
project from conception through to detailed design, including being
appointed as Principal Designer.
Stantec’s continued global growth
Hydrock’s acquisition follows a strong period of both organic
and acquisitive growth for Stantec. In the first four months of
2024, the Company has added more than 2,700 team members to its
global workforce through three consecutive acquisitions, including
Germany-based ZETCON, Ontario, Canada-based Morrison Hershfield,
and now Hydrock. The firm has continually invested in its UK
presence with a series of acquisitions since 2016, comprising MWH,
ESI, Peter Brett Associates, and Barton Willmore.
From working on landmark pumped-storage energy schemes and
delivering innovative Nature-based Solutions to rethinking urban
mobility, regeneration, housing, advanced manufacturing, and how
the nation builds more sustainable infrastructure, Stantec’s reach
extends across the built environment. The company now has more than
30,000 people working from over 450 offices worldwide.
For more information about Stantec and its holistic range of
interdisciplinary services, visit www.stantec.com.
About Stantec
Communities 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 care about the communities we serve because they’re our
communities too. This allows us to assess what’s needed and connect
our expertise, to appreciate nuances and envision what’s never been
considered, to bring together diverse perspectives so we can
collaborate towards a shared success.
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 Calum MetcalfeStantec Media
RelationsPhone: (+44) 07928 501 112Email:
calum.metcalfe@stantec.com
Investor Contact:Jess NieukerkStantec Investor
RelationsPh: (403) 569-5389jess.nieukerk@stantec.com
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