Stantec

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Stantec Inc.
Type Public
Traded as TSX: STN
NYSE: STN
Industry Technical Services
Headquarters Edmonton, Alberta, Canada
Key people Bob Gomes, President & CEO
Employees Approximately 12,000 (2012)
Website www.stantec.com
Stantec Consulting Michigan, Ann Arbor

Stantec Inc. is an international professional services company in the design and consulting industry. Founded in 1954, Stantec provides professional consulting services in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects. The Company provides services on projects around the world through approximately 12,000 employees operating out of more than 190 locations in North America and 4 locations internationally.

History

Stantec’s founder, Don Stanley, was the first Canadian to earn a Ph.D. in environmental engineering.[1] Attending Harvard University on a Rockefeller Foundation scholarship, he earned his doctorate in 1952 and two years later founded D.R. Stanley & Associates, working as the sole proprietor out of a 250-square-foot (23 m2) office in Edmonton, Alberta. In 1955 Stanley hired a retired railway engineer, Herb Roblin, and a former chief bridge engineer for the provincial government, Louis Grimble. The firm was renamed Stanley, Grimble and Roblin Ltd. With the two new partners’ transportation backgrounds, the firm diversified quickly.

The 1970s were boom years for Stanley Associates, but with the advance of the sharp recession of the 1980s, Stanley was ready to turn the company over to his second-in-command, Ron Triffo, in 1983. Triffo held a bachelor’s degree in civil engineering from the University of Manitoba and a MSc in Engineering from the University of Illinois. In 1983, when Alberta’s economy was struggling in response to the Canadian government’s National Energy Program, Triffo became president and COO, while Stanley retained his role as CEO and chair. “We had cut our staff in half from 400 to about 200,” Triffo said. “We really started to think about a new way of doing things for the company. We were heavily involved in Alberta in a big, big way and therefore very vulnerable to the up and down cycles of the province. We decided we had to diversify the company in a discipline sense. We had to become more than just a civil engineering company and we had to diversify geographically.”

The company started its diversification by forming an urban development company under another name, IMC, which grew to 200 people. The diversification of Stanley Associates occurred by acquision as well. The firm expanded into British Columbia and Saskatchewan and internationally, beginning a corporate move into central Canada. Stanley also made its first U.S. acquisition, in Phoenix, establishing a base for specialty services and future expansion in the US Southwest.

Following the success of IMC, Stanley Associates' various practices operated under boutique names, with as many as 20 different companies. By the early 1990s, the companies were placed under the umbrella of Stanley Technology Group, and most subsidiaries featured the name Stanley in their name. Staff numbers neared 900 and the firm went public on the Toronto Stock Exchange in 1994.[2][3]

In 1998, Triffo stepped into the role of board chair, where he remained until retiring in 2011. Tony Franceschini, then vice president of the Commercial/Institutional sector and a Board member, became president and CEO. Franceschini began his career with a consulting engineering firm in Toronto, Ontario in 1975 after graduating from the University of Waterloo with a degree in civil engineering, where he worked with Triffo.

The year Franceschini became president and CEO, Stantec had 2,000 employees in 40 offices and reported $185.5 million in gross revenue. “Our vision is to grow the company into a 10,000 employee, billion-dollar firm by 2008,” Franceschini said. Franceschini was instrumental in launching the new global, single-brand identity, Stantec, which enabled the company’s services to be delivered through an integrated approach. “The move was a major achievement –– in a two-month period, we sought and received shareholder approval to change the name of over 30 companies,” says Franceschini.

Stantec was listed on the New York Stock Exchange in 2005.[4] Franceschini retired in 2008 but remains on the Stantec Board. Robert Gomes[5] was appointed president and CEO. Like the Stantec’s previous three presidents, Gomes[6] is a licensed engineer who earned his degree in civil engineering from the University of Alberta and joined Stantec in 1988.

Since 2008, Gomes has led Stantec through the worst recession in 50 years. Between 2008 to 2011, gross revenue increased from $1.4 billion to $1.7 billion, the Stantec team grew from 8,000 staff to over 12,000 staff, the Company acquired 16 firms, and has strengthened its presence in markets across North America and internationally. According to REUTERS, US Edition, "Its services are offered through more than 170 locations in North America and four locations internationally"[7]

References

  1. ↑ http://www.rewedmonton.ca/content_view2?CONTENT_ID=453
  2. ↑ http://www.google.com/finance?cid=666886
  3. ↑ http://www.reuters.com/finance/stocks/overview?symbol=STN.TO
  4. ↑ http://www.google.com/finance?cid=702186
  5. ↑ http://www.theglobeandmail.com/globe-investor/steering-a-new-phase-of-the-stantec-growth-story/article4202667/
  6. ↑ http://www.forbes.com/profile/robert-gomes/
  7. ↑ http://www.reuters.com/finance/stocks/overview?symbol=STN.TO

External links

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