Sustainable design and engineering business Stantec has acquired Bristol headquartered engineering company Hydrock for an undisclosed sum.
Hydrock was founded in 1995 and currently operates from 22 UK locations. The firm has extensive expertise in fire safety, energy and sustainability, civil and structural, MEP, transport, environmental and geotechnical services, and works with public and private sector clients on major projects across the country.
The transaction closed on April 30 and the terms of the deal have not been disclosed.
Gord Johnston, Stantec’s president and chief executive officer, said: “We look forward to welcoming the Hydrock team to Stantec. When combined with the strategic acquisitions of ZETCON and Morrison Hershfield, we will have grown our global workforce by over 2,700 people within the first four months of 2024, further strengthening our offering in line with market demands.”
Cath Schefer, Stantec’s executive vice president and chief operating officer for global, added: “The coming together of Stantec and Hydrock is an ambitious and compatible evolution for both our firms in the UK. Hydrock provides us with a highly complementary line of services and expertise which only reinforces our UK offering. Our combined experience, knowledge, and creativity, as well as our shared commitment to create better, more liveable places for people and communities, puts us in an exceptional position to deliver meaningful value for our industry-leading clients.”
Dr Scott Elliott, managing director of Hydrock, said: “Hydrock’s people are united by a shared purpose to be a force for good. I’m delighted that this aligns so well with Stantec’s culture. Through our integration, we’ll be able to expand our reach and influence internationally, penetrate exciting new markets, and provide excellent new career opportunities for our people.
“Together, we will pioneer engineering solutions, drive energy resilience, and support this country’s vital transition to a low carbon economy. I’d like to thank our retiring founder Dr Brian McConnell for his tireless efforts growing the business over the last 29 years into what is now a highly respected national brand. This is a pivotal moment in our company’s history and an exciting new chapter for our colleagues and our clients.”
