About Stantec

Stantec Inc. (Stantec) is a global design and delivery leader in sustainable engineering, architectural, planning, and environmental services. The company has three operating and reportable segments for its Consulting Services: Canada, United States, and Global. Stantec offers services through five business operating units (BOUs): Infrastructure – Evaluating, planning, and designing infrastructure solutions for transportation, community development, and urban spaces that are resilient and community friendly. Environmental Services – Providing a wide array of permitting, conservation, ecosystem restoration, health sciences and environmental, social, and governance (ESG) strategy services to preserve and minimize impacts to environmental, cultural, and social resources. Water – Designing solutions to provide resilience and improve health and quality of life through clean, safe water. The company supports the needs of communities and industry throughout the water lifecycle with tailored solutions for sustainable water resources, planning, management, and infrastructure. Buildings – Delivering integrated architecture, engineering, interior design, and planning solutions that draw upon the company’s expertise to create lower-carbon innovations and strengthen communities through the power of design. Energy & Resources – Providing safe and sustainable solutions for the world’s energy and resource needs and supporting the energy transition with a growing focus on renewable sources. Acquisitions In 2022, the company acquired the following firms: In April 2022, the company acquired Barton Willmore LLP, which provides planning and urban design services to both public and private sector clients in residential, logistics, retail, infrastructure, energy, higher education, and urban regeneration sectors. Principally located in Reading, United Kingdom. In October 2022, the company acquired L2Partridge, LLC, which provides architectural design, interior design, and planning services in the science and technology, commercial workplace, higher education, residential, and hospitality markets. Principally located in Philadelphia, Pennsylvania, USA. The key components of the company’s business model are: Geographic Diversification: The company does business in three regional operating units—Canada, the United States, and Global—offering similar services across all regions. This diversity allows the company to cultivate close client relationships at the local level while offering the expertise of the company’s global team. Service Diversification: The company offers services in various sectors across the project life cycle through five BOUs: Infrastructure, Environmental Services, Water, Buildings, and Energy & Resources. Design Focus: The company serves the design phase of infrastructure, water, buildings, and energy projects, which offers higher margin opportunities and more controllable risk than integrated engineering and construction firms. Life-cycle Solutions: The company provides professional services in all phases of the project life cycle: planning, design, construction administration, commissioning, maintenance, decommissioning, and remediation. The company’s first and fourth quarters (year ended December 2022) generally have the lowest revenue generation and project activity because of holidays and weather conditions in the northern hemisphere, but the company’s diverse business model allows the company to adapt to these slowdowns. Services Stantec serves clients in private and public sectors by providing knowledge-based solutions through value-added professional consulting services in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics. The company’s focus is on the higher-margin, lower-risk design phase of buildings, energy, infrastructure, and water projects, as well as science and consultancy work in environmental sciences. Through the company’s service diversification and offering professional services for all phases of the project life cycle, Stantec intends to establish ongoing relationships with clients to produce repeat business. The company works on tens of thousands of projects for thousands of clients in hundreds of locations, thereby ensuring that the company does not rely predominantly on a few large projects for the company’s revenue. Global Operations The company’s Global operations encompass the company’s operations outside of North America. In 2022, Stantec remained active internationally. The company performs work and has permanent offices in the United Kingdom, Europe, Australia, New Zealand, India, the Middle East, China, Taiwan, Türkiye, South and Central America, and the Caribbean. History The company was founded in 1954. It was incorporated under the Canada Business Corporations Act in 1984. The company was formerly known as Stanley Technology Group Inc. and changed its name to Stantec Inc. in 1998.