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Market: TSX NYSE
Sector: Business Support Services
EPIC: STN
Latest Price: 28.30  (0.50% Ascending)
52-week High: 30.22
52-week Low: 21.70
Market Cap: 1,288.35M
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Stantec
www.stantech.com

Edmonton-based Stantec provides consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects.

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Stantec continues acquisition spree, announces ninth buy this year with Burt Hill

9th Sep 2010, 6:01 pm by Deborah Sterescu
Stantec continues acquisition spree, announces ninth buy this year with Burt Hill

Architecture and engineering company Stantec (TSX: STN) (NYSE: STN) has signed a letter of intent to acquire Pennsylvania-headquartered firm Burt Hill, known for its design of higher education facilities.

Burt Hill is an international architecture and engineering firm with over 600 employees in 13 offices, including three offices overseas. The firm's clients include health care institutions, colleges and universities, K-12 schools, technology and biotechnology companies, government bodies, multinational corporations, real estate developers, and non-profit organizations.

Last month, as part of its acquisition spree, Stantec also announced plans to buy Anshen + Allen, a San Francisco-based architecture firm with more than 200 employees and expertise in health care design.

The company, as part of its plans to become a top 10 global design firm, has announced plans to acquire nine firms this year, strengthening almost every practice and market in which it operates in North America.

"The addition of Burt Hill will bring to Stantec a wealth of experience in the markets we've targeted and give us a much stronger building design presence in the eastern United States to complement the practice we're developing on the West Coast with Anshen + Allen," said Stantec president and CEO Bob Gomes.

Burt Hill's projects include the University of Rhode Island Ocean Science and Exploration Center, Doherty Hall at Carnegie Mellon University, the Harrisburg University Academic Center, the University of Wisconsin's student center, the Dorrance H. Hamilton Building at Thomas Jefferson University and many others.

Burt Hill president and CEO Peter Moriarty will continue at Stantec in a leadership role.

Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects.

The company was up 2.6% on Thursday, trading at $26.73 on the Toronto Stock Exchange as of 12:55pm ET.

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