Stantec Intends To Acquire Barton Willmore For Undisclosed Sum

Stantec Inc STN revealed its intention to acquire Barton Willmore, a planning and design consulting firm in the U.K. The financial terms of the deal were not disclosed.
Founded in 1936, Barton Willmore has over 300 town planners, designers, and architects employed across the country.
Barton Willmore supports transformational projects in the region's residential, logistics, retail, infrastructure, energy, higher education, and urban regeneration sectors.
Upon close, the Barton Willmore acquisition will bring Stantec's regional presence to more than 2,500 team members distributed across the UK.
The transaction is expected to close in early April 2022.
Stantec held cash and equivalents of $186.7 million as of December 31, 2021.
Price Action: STN shares are trading higher by 4.28% at $49.94 on the last check Wednesday.