Mr. Bob Gomes reports
STANTEC SIGNS LETTER OF INTENT TO ACQUIRE SOUTH FLORIDA ENGINEERING FIRM C3TS
Stantec Inc. has signed a letter of intent to acquire the assets of C3TS, a Florida engineering and design firm with 150 employees. The move will establish a strong presence for Stantec on Florida's Atlantic coast, bringing total staff in the state to more than 350 in 12 offices.
In addition to its Miami-Dade county headquarters in Coral Gables, C3TS has offices in Fort Lauderdale, Boca Raton, West Palm Beach and Orlando. Established in 1988, C3TS provides transportation and civil engineering, architecture, and environmental engineering services to major transportation agencies, municipalities and education institutions across the state.
C3TS has significant experience in the alternate-project-delivery models for major capital projects, a growing practice among transportation agencies. For example, members of C3TS's staff have had lead roles in design of complex highway, interchange and bridge design/build projects, representing more than $2-billion in construction and relieving congestion areas along I-95, I-75 and US-1, among others.
"A strong presence in the U.S. south is important to Stantec's growth strategy," says Bob Gomes, Stantec president and chief executive officer. "C3TS significantly enhances our reach in this area, and their experience in solving transportation challenges in highly populated areas under new project-delivery methods will be a valuable enhancement to our service offerings."
C3TS president Robert Carballo noted: "We are thrilled to be joining Stantec, a well-established North American firm. This will provide new opportunities for our talented staff to work on more diverse projects and enable us to bring a much broader range of services and solutions to our existing clients."
The firm's capabilities augment Stantec's multidiscipline engineering and environmental services in Florida and the southeast United States. Key clients for C3TS include the Florida Department of Transportation, Florida Turnpike Enterprise, Miami-Dade Expressway Authority, Orlando/Orange County Expressway Authority, Miami-Dade County, Florida International University, and the cities of Miami, Coral Gables, Palm Beach and Fort Lauderdale.
Stantec currently has more than 200 employees in Florida in seven offices. The transaction is expected to close at the end of November.
We seek Safe Harbor.
© 2013 Canjex Publishing Ltd. All rights reserved.