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Slide #42. Stantec — Processes Unlimited International, Inc.
Acquirer:
Stantec (NYSE:STN)
Acquiree:
Processes Unlimited International, Inc.
Details:
North American design firm Stantec will add significant strength to its oil and gas, and industrial service capabilities in the United States by acquiring Processes Unlimited International, Inc. (ProU). Based in Bakersfield, California, ProU is a 450-person multidisciplinary engineering, project management, and design firm founded in 1985 with seven offices across California, Texas, Georgia, and Tennessee. Stantec anticipates this transaction to close in March, 2014.
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) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: STN Stock Forecast Based on Zacks ABR data; powered by Xignite |