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
Employees30,000
Revenue 6.5B CAD (2023)
DESCRIPTION

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

DEAL STATS #
Overall 61 of 61
Sector (Engineering) 45 of 45
Type (Add-on Acquisition) 59 of 59
Country (United Kingdom) 4 of 4
Year (2024) 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 -

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 92 of 93
Sector (Engineering) 2 of 2
Type (Add-on Acquisition) 52 of 53
Country (United Kingdom) 87 of 88
Year (2024) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-13 Fig Power

Bristol, United Kingdom

Fig Power is a developer focused on battery storage with a 1.7GW development pipeline, including 400MW with grid connection offers and a further 1.3GW of exclusive sites. Fig Power was formed in 2022 and is based in Bristol, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-12 Garrison Technology

London, United Kingdom

Garrison Technology provides web browsing technology that enables users to access all web content without risk exposing their organization to cyber-attacks. Garrison Technology was founded in 2014 and is based in London, United Kingdom.

Sell -
Mergr

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