Deal will boost construction firm's presence in the northeastern U.S.
EDMONTON—Stantec Inc. will expand its presence in the northeastern U.S. with the planned acquisition of Fay, Spofford & Thorndike, or FST, a 280-person Burlington, Mass.-based engineering and environmental firm. Stantec has signed a letter of intent as of Aug. 27 and expects the acquisition to close in October.
FTS has nine offices in Massachusetts, New Hampshire, Maine, Connecticut and New York, which Stantec says complement its fast-growing team of 1,200 people across the northeast.
“FST’s recognized design excellence and commitment to local communities closely align with Stantec’s strengths,” Bob Gomes, Stantec president and CEO, said. “Together, we bring even greater resources to handle the challenges ahead, whether it’s aging infrastructure, population growth, or general community resilience.”
FST has a 100-year history of working on transportation and water infrastructure, building, designing and creating environmental solutions for hundreds of communities and private businesses. Stantec noted the firm’s portfolio includes airports, bridges, roadways, railways, waterfront projects, water and wastewater treatment systems, trail design, as well as environmental services. The firm’s most recent project of note was its design for the US$33 million Logan Express Garage and Terminal for Massport.
“Stantec’s community-based culture, philosophy, and mission mirrors the values that FST has embraced throughout our rich history,” Peter J. Howe, president and CEO of FST, sauid. “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.”