Stantec conducting strategic review of its MWH Constructors business
April 27, 2018
By
CCE
Acquired through as part of MWH Global in 2016, Constructors is primarily involved in water-related projects in the U.S. and UK.
Stantec has initiated a strategic review for MWH Constructors, Stantec Treatment and Slayden (“Constructors”), a portion of the company that provides construction and construction management services on mainly water-related projects for key long-term clients.
Stantec acquired Constructors through its acquisition of MWH Global, completed in May 2016.
As part of this review, Stantec will evaluate a range of strategic options to optimize the value of the business which operates predominantly in the U.S. and the UK.
In the U.S., Constructors and Slayden offer construction capabilities to municipal, utility, federal, and industrial clients, including commissioning and start-up services.
In the UK, operating as Stantec Treatment, it participates primarily in design-build water and wastewater projects through joint ventures and alliance agreements.
Together, Constructors generated over $1 billion in gross revenue in 2017 representing 18.3% gross revenue organic growth over 2016. Constructors has approximately 1,900 professionals in North America and the UK.
