Stantec to acquire US-based environmental consultancy Wenck
Stantec, a global engineering and design consultancy, has signed a letter of intent to acquired Wenck, a Maple Plain, Minnesota-based environmental engineering firm. Financial terms for the deal were not disclosed.
Founded in 1985, Wenck provides environmental engineering services in air, water, waste, food processing, natural resources, and infrastructure to US and international clients. The firm works with private and public sector clients in the energy, infrastructure, real estate, and industrial markets.
Wenck has 300 professionals across a dozen offices in the US, including five in Minnesota, two in North Dakota, two in Wyoming, two in Colorado, and one in Georgia. Some of the firm’s recent projects include working on soil and groundwater remediation for a former factory converted into residential land; conducting surveys, biological assessments, site permitting, and federal environmental reviews for Palmer’s Creek Wind Farm in Minnesota; and designing the air dispersion system for a canola oil processing facility.
The acquisition will strengthen Stantec’s environmental services team, particularly in the Midwestern US. The Edmonton-based firm will look to capitalize on opportunities in environmental consulting services, which is projected to grow at a CAGR of 3% from 2021 to 2023, reaching a global market value of $33.3 billion in 2023, according to Research and Markets.
“We have worked with Wenck across multiple business lines over many years, and we’re actively collaborating on several projects currently,” said Gord Johnson, CEO of Stantec. “While Wenck complements our current suite of markets and sectors, they fill important gaps in expertise, services, geography, and clients.”
Wenck’s air quality, process engineering, solid water, water resources, mining, and environmental remediation teams will add presence and capabilities in the US Midwest, Mountain, and Southeast regions. The firm’s municipal infrastructure, geospatial resources, and construction services group will enhance Stantec’s municipal practice in the US.
“We’re excited to see a strong alignment with Stantec’s purpose, values, and culture, which we believe is a strong foundation for success,” said Rod Ambrosie, CEO of Wenck. “By integrating into a global company network, this acquisition provides new opportunities for both our employees and clients.”
Stantec has more than 150 offices in the US, and a total of 22,000 employees across six continents.
Montreal-based WSP recently made a sizeable acquisition in the environmental consulting space, adding the 7,000-person team at Golder. Meanwhile, Braun Intertec bought boutique Minneapolis-based environmental consultancy Anderson Kelsey Group.
