A global design firm has announced its intentions to scoop up a local company.
Alberta-based Stantec is planning an acquisition of consulting engineering firm Occam Engineers Inc. The deal is set to close in March for an undisclosed amount.
John Take, Stantec senior vice president of water, wrote in a statement, “OEI’s strong client relationships in both the water and transportation markets will help us as we continually expand both the depth and breadth of our professional services across the Southwest U.S.”
Occam Engineers Inc. President Scott Verhines told Albuquerque Business First the deal isn’t expected to impact the workforce.
“Our goal is to continue to grow the business. In a transition period, there may be few select roles that overlap, but by and large there will not be job losses,” said Verhines.
Stantec also acquired Redding, California-based North State Resources Inc. in November, adding 60 new employees to Stantec. The company reported $4.3 billion in gross revenue for the year ending Dec. 31, 2016.
Albuquerque-based Occam Engineers Inc. is the result of a previous merger between Engineers Inc., Occam Consulting Engineers Inc. and Easterling Consultants LLC. The firm is comprised of 55 people and has locations throughout New Mexico and a firm in Texas, according to a news release.
“OEI and Stantec make perfect teaming partners. We share the qualities of integrity, competency and we just enjoy working with each other. We both focus on people, clients and creativity. Our local strength, knowledge and relationships, coupled with Stantec’s world-class expertise and global reach, allow us to meet our clients’ needs in more creative and personal ways. We are excited to become part of a company that cares about creating communities as much as we do,” said Verhines.