Stantec has signed a definitive purchase agreement to acquire Page, a 1,400-person architecture and engineering firm headquartered in Washington, DC. This acquisition is expected to significantly expand Stantec’s US Buildings practice by approximately 35%. It will also increase the company’s overall US employee headcount to approximately 13,500 people.
The acquisition will deepen Stantec’s expertise and resources in key growth areas such as advanced manufacturing, data centers, and healthcare. It will also add new capabilities in cleanroom design and fabrication facilities. Page’s portfolio includes award-winning work in academic, aviation, civic, government, and science and technology sectors.
Stantec intends to fund the acquisition through existing funds and credit facilities. The company expects to maintain its net debt to adjusted EBITDA ratio within its target range of 1.0x to 2.0x post-close. The transaction is anticipated to close upon receipt of required regulatory approvals.
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