Stantec Inc (TSX:STN)

Infrastructure

Stantec Inc is a multinational professional service and consulting firm based in Canada.

The company primarily deals in infrastructure and facility-related activities in the public and private sectors.

The company was founded in 1954 by an environmental engineer graduate, Don Stanley. Headquartered in Edmonton, Alberta, the company was initially known as D.R. Stanley Associates.

In 1989, Stanley Engineering Group Inc was rebranded as Stanley Technology Group Inc.

On October 28, 1988, the company changed its name to the present name Stantec Inc.

The professional service provider has operations throughout North America and the rest of the world. However, the company claims to generate most of its revenue from the US segment.

The company provides a wide range of consulting services in engineering, construction administration, interior design, landscape architecture, maintenance, remediation, and commissioning and decommissioning.

Stantec manages its operations through different segments, including Consulting services for Canada, Consulting Services for the United States, and Consulting Services for the Global region.

The firm operates through different specialized business units such as:

• Buildings
• Environmental Services
• Infrastructure
• Energy and Resources
• Water

The company claims to have acquired around 125 firms since 1994, including MWH Global Inc., Fay, Spofford, Traffic Design Group, and others.

The consultancy firm's significant projects include:
• Santiago International Airport expansion
• Albany Skyway in New York
• Panama Canal Expansion
• Stantec Tower
• Open Hearth Park
• Blatchford Community
• The Apollo- Saturn V Visitor Center

The Stantec Tower is the tallest building in Edmonton and Western Canada, the firm claims.

The company is listed on Toronto Stock Exchange and New York Stock Exchange and trades under the ticker 'STN'.

It claims to be among Canada's Best Employers list for 2021.

The company was reportedly awarded the 2021 Golden State Award for its work on the San Ysidro Land Port of Entry in San Diego.