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Stantec adds to US
East operations with addition of Dufresne-Henry
EDMONTON AB, NORTH
SPRINGFIELD VT (April 17, 2006) TSX:STN;NYSE:SXC
Stantec
successfully closed today the previously announced acquisition of multidiscipline
design firm Dufresne-Henry. The addition adds over 270 employees and 12 office
locations to Stantec in the New England states, New York,
and Florida.
“Dufresne-Henry strengthens
our operations in the US East creating a new region in New England and an
initial platform for future growth in Florida,”
says Tony Franceschini, Stantec President & CEO. “This addition also
increases our service offering in the public sector in the environment and
transportation markets.”
Founded in 1955 and headquartered in
North Springfield, Vermont, Dufresne-Henry offers a full range
of professional services in engineering, planning, environmental science, and landscape
architecture. Stantec now has more than 50 offices in 21 states and
approximately 2,300 employees in the United States.
“This is an exciting time for our employees as we
become part of Stantec,” says Dufresne-Henry President & CEO Rich
Allen who will continue with Stantec as Sr. Vice President, US East. “We
are now part of a North American firm with an extensive network of experts
enabling us to provide a wider range of services to our clients.”
Stantec is completing the purchase
using a combination of cash and vendor notes. In 2005, Dufresne-Henry’s
gross revenue was approximately US$30 million.
For more
information visit http://announcements.stantec.com/dufresne-henry
Stantec, founded in 1954, provides professional design and
consulting services in planning, engineering, architecture, surveying, and
project management. We support public and private sector clients in a diverse
range of markets, at every stage, from initial concept and financial
feasibility to project completion and beyond. Our services are offered through
more than 5,500 employees operating out of over 80 locations in North America
and the Caribbean. Stantec trades on the Toronto
Stock Exchange under the symbol STN
and on the New York
Stock Exchange under the symbol SXC.
Cautionary note regarding forward-looking statements
This news release contains
"forward-looking statements". Some of these statements may involve
risks and uncertainties and other factors that may be beyond the control of
Stantec and cause actual results to be materially different from those contained
in such forward-looking statements. Additional information concerning factors
that could cause actual results to materially differ from those in the
forward-looking statements is contained in Stantec's filings with the Canadian
provincial securities commissions and the United States Securities and Exchange
Commission.
Stantec Contact
Jay Averill
Media Relations
Stantec
Tel: (780) 917-7441
Dufresne-Henry
Contact
Richard Allen
President & CEO
Dufresne-Henry
Tel: (802) 886-2261
Investor
Contact
Simon Stelfox
Investor Relations
Stantec
Tel: (780) 917-7288