Engineering and architecture firm Santec is getting bigger in Texas.
Santec is expected to close its transaction acquiring Austin-based multidisciplinary design firm Bury in March, according to a news release. The acquisition of Bury, a firm with 300 employees, would double Santec’s presence in Texas, according to the release.
“Bury’s strong community development and buildings market share will be enriched by Stantec’s full suite of consulting services, which will open new doors in the transportation, water, and architectural markets,” Bury President and CEO Paul Bury said in the release. “Our combined forces will also provide significant growth opportunities for our staff, allowing them to continue to work on the most innovative, prominent projects in the region.”
Bury works primarily in the south and southwest region of the U.S., handling design in the plumbing, mechanical and electrical fields among others. The company also does surveying, land planning and landscape architecture. Some of Bury’s past projects include the 700-acre Mueller Airfield in Austin and the George W. Bush Presidential Library in Dallas. Outside of Texas, Bury is redeveloping the Tempe campus at Arizona State University. In Fort Worth, Bury is involved in the Left Bank project on West Seventh and the Champions Circle, a mixed-use development just south of Texas Motor Speedway.
Santec has 170 offices across the nation. Bury, headquartered in Austin, also has offices in Dallas, Houston, and San Antonio, as well as in Phoenix, Arizona, and Orlando, Florida.
“Bury’s extensive background in community development, coupled with their seasoned staff, will advance Stantec as a top-tier consultant in Texas,” Santec President and CEO Bob Gomes said in the release. “Together, we will provide client-centered, comprehensive design services and opportunities for staff development and engagement.”
Earlier in February, Stantec announced it signed a letter of intent to acquire VOA Associates Inc. (VOA), a 280-person Chicago-based architecture and planning firm. Stantec trades on the New York Stock Exchange under the STN symbol. For 2015, the company reported profit of $117.2 million, or $1.24 per share. Revenue was reported as $1.78 billion. – FWB’s Robert Francis contributed to this report.
www.buryinc.com/
www.stantec.com