Stantec has acquired the North America and Asia-Pacific engineering consulting groups of Cardno Limited, with assistance from DLA Piper.
Firm: DLA Piper (Stantec Inc)
Deal: Global firm DLA Piper has assisted Stantec on the acquisition of the North America and Asia-Pacific engineering and consulting groups of Cardno Limited for aggregate cash consideration of USD$500 million.
Value: USD$500 million.
Key players: The team was led by head of corporate Australia Grant Koch. He was assisted by solicitors Jake Thornton and Julia Krapeshlis while running a cross-border team comprising of more than 40 lawyers across Australia, Canada, the United States and New Zealand.
This included partners James Stewart, Nicholas Boyle, Nicholas Turner, Jeff Baglio, Jennifer Kashatus, Robert Seidel, Catherine Pawluch and Martin Thomson; Of counsel Nicholas Klein and Angeline Chen; special counsel Roger Hawkins; senior associates Alexandra Dagger, Clancy King and Pavanie Edirisuriya; and solicitors Andrew Booth, Alexandria Cates, Hugh Raisin, Mariam Jaber and Sean Zubick.
Deal significance: Commenting on the deal, Mr Koch said the firm was delighted to assist Stantec on the acquisition of these “strategically complementary businesses” from Cardno, which further cements Stantec’s position as a leader in sustainable design and engineering.
The transaction nearly doubles Stantec’s footprint in Australia to 2,500 professionals and meaningfully increases its footprint in the US to over 10,500 employees.
“We’ve seen significant interest in Australian assets from both local and foreign investors this year. As a global law firm, we are well-placed to assist clients on strategic, complex, cross-border acquisitions, and this transaction was a great example of our ability to provide a seamless full service offering across multiple jurisdictions.”