Stantec, Inc. (STN) to Acquire NYC-Based Edwards & Zuck,

August 12, 2016 7:06 AM EDT

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Stantec (NYSE: STN) has signed a letter of intent to acquire Edwards & Zuck, a 120-person, New York City-based firm with a history of pioneering engineering technologies to create efficiency, stability, and beauty in buildings along the east coast.

In addition to its 80-person New York City location, Edwards & Zuck has offices in Stamford, Connecticut, Morristown, New Jersey, and Miami, Florida. The acquisition, which will continue to strengthen Stantec's Buildings business line in the US, is expected to close in September.

Edwards & Zuck provides mechanical, electrical, and plumbing design across diverse market sectors, including: corporate workplace, education, hospitality, gaming, and high-rise residential, retail, and commercial office development. The firm's expertise includes commissioning, telecommunications, security, and sustainability consulting.

"Edwards & Zuck is widely respected for engineering sophisticated building systems in demanding urban environments," says Bob Gomes, Stantec president and CEO. "Their embrace of innovation and their commitment to community engagement will further elevate our presence in key markets and geographies."

Peter Sposato, Edwards & Zuck's president and managing partner, replied, "We are building on a heritage that dates back to 1929, and look forward to continuing this journey as part of Stantec. Both firms share a strong commitment to engaged, inspired employees who embrace new opportunities and who bring that energy and talent to our clients every day. I am certain that our employees and clients will benefit from the combined expertise of both firms."

From hardening of mission critical facilities to illuminating a soaring hotel lobby, Edwards & Zuck's expertise is reflected in landmark buildings, including:

-- the award-winning renovation of the historic Rainbow Room at 30
Rockefeller Plaza in Rockefeller Center after a five-year absence from
the New York City skyline
-- the International Gem Tower in the heart of midtown Manhattan with its
360-degree views and floor-to-ceiling glass
-- the renovation and development of the Aqueduct Racetrack into the
Resorts World Casino in Queens
-- Miami's Brickell World Plaza, a Class A LEED® platinum-certified high-
rise building on the eastern seaboard

The planned acquisition aligns well with Stantec's well-established design practices in New York City, Boston, Washington DC, Miami, Detroit, and Chicago.

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