M&A Deal Summary

Stantec Acquires Hydrock

On May 1, 2024, Stantec acquired engineering company Hydrock from BGF

Acquisition Highlights
  • This is Stantec’s 45th transaction in the Engineering sector.
  • This is Stantec’s 4th transaction in the United Kingdom.

M&A Deal Summary

Date 2024-05-01
Target Hydrock
Sector Engineering
Buyer(s) Stantec
Sellers(s) BGF
Deal Type Add-on Acquisition

Target

Hydrock

Bristol, United Kingdom
Hydrock is a multi-disciplinary engineering design consultancy advising on how to make development sites viable and how to create high-performing buildings and infrastructure. Hydrock was founded in 1995 and is based in Bristol, England.

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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 61 of 63
Sector: Engineering M&A 45 of 46
Type: Add-on Acquisition M&A Deals 59 of 61
Country: United Kingdom M&A 4 of 4
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-09 Morrison Hershfield

Burlington, Ontario, Canada

Morrison Hershfield provides engineering and management consulting services in the areas of energy and industrial, buildings, technology and telecom, transportation, environment, water and wastewater, and land development. Morrison Hershfield was founded in 1946 and is based in Burlington, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-03 Page

Washington, District of Columbia, United States

Page is a design, architecture, and engineering firm, based in Washington, District of Columbia.

Buy -

Seller(S) 1

SELLER

BGF

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2011
PE ASSETS 2.5B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Business Growth Fund (BGF) is a private investment firm focused on early and growth-stage investing across the UK. The Firm also invests in publicly traded companies. BGF's growth team looks to invest £1 to £15 million in small to mid-sized companies looking for additional capital to pursue growth. BGF was established in 2011 and is headquartered in London.


DEAL STATS #
Overall 119 of 131
Sector: Engineering M&A 2 of 2
Type: Add-on Acquisition M&A Deals 63 of 70
Country: United Kingdom M&A 114 of 125
Year: 2024 M&A 8 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-30 Eleven Sports Media

Blackpool, United Kingdom

Eleven Sports Media is a high-growth sports marketing business and a global leader in community-driven partnerships across the highest level of professional sport (including the Premier League). Eleven Sports Media was founded in 2009 and is based in Blackpool, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-07 Celaton

London, United Kingdom

Celaton's machine learning platform helps major companies to process content and information from mail, social media, fax, post paper, and other electronic data streams. Celaton was founded in 2004 and is based in London, United Kingdom.

Sell -