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M&A Deal Summary

Stantec Acquires Cardno

On October 21, 2021, Stantec acquired engineering company Cardno for 500M USD

Acquisition Highlights
  • This is Stantec’s 39th transaction in the Engineering sector.
  • This is Stantec’s 2nd largest (disclosed) transaction.
  • This is Stantec’s 2nd transaction in Australia.

M&A Deal Summary
Date 2021-10-21
Target Cardno
Sector Engineering
Buyer(s) Stantec
Deal Type Add-on Acquisition
Deal Value 500M USD

Target

Cardno

Fortitude Valley, Australia
Cardno is a professional infrastructure and environmental services company, with specialist expertise in the development and improvement of physical and social infrastructure for communities around the world. Cardno’s team includes leading professionals who plan, design, manage and deliver sustainable projects and community programs. Cardno was founded in 1945 and is based in Fortitude Valley, Australia.

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Buyer(S) 1

Buyer

Stantec

Edmonton, Alberta, Canada
Category Company
Founded 1954
Sector Business Services
Employees32,000
Revenue 7.5B CAD (2024)
DESCRIPTION

Stantec is a multi-disciplinary professional engineering consulting services. Stantec was incorporated in 1954 and is based in Edmonton, Alberta.

DEAL STATS #
Overall 54 of 63
Sector: Engineering M&A 39 of 46
Type: Add-on Acquisition M&A Deals 52 of 61
Country: Australia M&A 2 of 2
Year: 2021 M&A 1 of 3
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-02 AGEL adviseurs

Oosterhout, Netherlands

AGEL adviseurs is a multi-discipline engineering firm specializing in environmental services, spatial development, infrastructure, and GIS services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-03 Driven by Values

Sittard, Netherlands

Driven by Values is an engineering and consulting firm is a trusted partner for governmental and utility clients navigating the transition toward sustainable energy generation, sustainable building design, energy infrastructure upgrades, sustainable district heating networks, and e-mobility. Driven by Values is based in Sittard, Netherlands.

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