EDMONTON AB; BOSTON MA - TSX:STN; NYSE:SXC
Stantec announced today that it has signed a letter of intent to acquire the assets of Boston-based planning and landscape architecture firm, Geller DeVellis Inc. Approximately 50 Geller employees will join Stantec’s growing New England operations. The transaction is expected to close by the end of May.
“The addition of Geller DeVellis’ employees further strengthens our Northeast presence, especially in Boston,” says Stantec President & CEO, Tony Franceschini. “This group of talented landscape architects, planners, and engineers complements our existing capabilities in Boston and New England, and corporately strengthens our landscape architecture capabilities.”
With offices in Boston and Wellesley, Massachusetts, Geller DeVellis specializes in landscape architecture and civil engineering services including site planning, utility design, permitting, and geographic information systems. The acquisition will also include the employees and assets of the firm’s Geller Sport division, which focuses specifically on recreation and athletic facility design projects, and the Geller Graphics division, which provides expertise in digital imaging, 3D modeling, and computer rendering.
“Joining Stantec is an extremely exciting and positive move for us,” says Joseph Geller, President of Geller DeVellis. “We have a quite successful practice here in New England and a terrific client base. With such a wide network of people and resources across North America, we’ll now be able to offer even more services to those clients and more opportunities for our staff.”
Stantec currently has nine offices in New England, including a small Boston office recently augmented with the acquisition of Vollmer Associates. With the Geller DeVellis team, Stantec will now have nearly 250 employees throughout the region and over 65 in Boston.
For more information please visit: http://announcements.stantec.com/gellerdevellis
Stantec provides professional design and consulting services in planning, engineering, architecture, surveying, economics, and project management. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through over 6,500 employees operating out of more than 100 locations in North America. Stantec trades on the TSX under the symbol STN and on the NYSE under the symbol SXC. Stantec is One Team providing Infinite Solutions
Cautionary note regarding forward-looking statements
This press release contains "forward-looking statements". Some of these statements may involve risks and uncertainties and other factors that may be beyond the control of Stantec and cause actual results to be materially different from those contained in such forward-looking statements. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in Stantec's filings with the Canadian provincial securities commissions and the United States Securities and Exchange Commission.