Stantec to expand Maine footprint with new acquisition
Engineering and architecture firm Stantec plans to expand its footprint in the state, once again, with an acquisition of a company that has employees in southern Maine.
The Edmonton, Alberta-based company expects to close on the acquisition of Burlington, Mass.-based Fay, Spofford & Thorndike this October, which would add 280 FST employees to Stantec’s Northeast workforce of 1,200, Stantec spokeswoman Alison Smith told Mainebiz.
The acquisition, once completed, will further expand Stantec’s presence in Maine and bring its total number of employees here to more than 200. FST’s South Portland office, which employs 24 people, will join Stantec’s other Maine offices in Scarborough, Topsham and Caribou — locations that were in part established through previous acquisitions by Stantec.
Stantec said FST, which was established 100 years ago, has worked on a number of major engineering projects across New England, including design work for the replacement of the 90-year-old Turner Center Bridge between Turner and Greene.
"FST's recognized design excellence and commitment to local communities closely align with Stantec's strengths," Bob Gomes, Stantec president and CEO, said in a statement. "Together, we bring even greater resources to handle the challenges ahead, whether it's aging infrastructure, population growth, or general community resilience."
Smith, the spokeswoman, said that “by and large” there will be no job cuts, noting that “the reason for this acquisition is because of people and their experience and expertise.”
Peter J. Howe, president and CEO of FST, gave his own endorsement of the acquisition, which will result in FST shifting its name to Stantec’s over a period of several months.
"Stantec's community-based culture, philosophy, and mission mirrors the values that FST has embraced throughout our rich history," Howe said in a statement. "Their technical diversity, depth of resources, and stature, will allow our dedicated staff to continue to work on the biggest and most complex projects in the region, and our clients will quickly realize some compelling benefits, including the enhanced services we can offer by drawing from across the Stantec community."
Read more
Most Recent
Most Recent
Comments