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Slide #2. Stantec — USKH Inc.
Acquirer:
Stantec (NYSE:STN)
Acquiree:
USKH Inc.
Details:
North American design firm Stantec will grow its presence in the Alaskan and Pacific Northwest markets by acquiring USKH Inc.. Headquartered in Anchorage, AK, USKH is a 130-person multidiscipline design firm founded in 1972, with offices in Alaska, Washington and Montana, including Fairbanks, Juneau, Wasilla, Spokane, Walla Walla, Ferndale and Billings. This transaction is expected to close in June.
Stantec is engaged in engineering, architecture, planning and environmental services. Co. provides services through five business operating units: buildings, which includes deliver integrated architecture, engineering, interior design, and planning solutions; infrastructure, which includes evaluate, plan and design infrastructure solutions; environmental services, which includes permitting, conservation, ecosystem restoration, health sciences and environmental, social, and governance (ESG) strategy services; water, which includes support water lifecycle with tailored solutions; and energy and resources, which includes provide sustainable solutions for the world's energy and resource needs.
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Buy (3.36 out of 4) 50th percentile
(ranked higher than approx. 50% of all stocks covered)
Analysts' Target Price: STN Stock Forecast Based on Zacks ABR data; powered by Xignite |