Stantec, an Edmonton, Alberta-based planning, engineering, architecture and project-management company, announced that it has signed a letter of intent to acquire Anshen and Allen, an architecture firm headquartered in San Francisco that specializes in healthcare design.
Unlike its takeover last November of the healthcare design firm Granary Associates, which was described as being “structured as an asset purchase,” Stantec spokesman Jay Averill said, “This is an acquisition.”
“We're buying all their client lists and knowledge,” Averill explained. “We're purchasing everything.”
Terms were not disclosed, but Averill said, “It will be an all-cash deal.”
In a news release, Bob Gomes, Stantec president and CEO, said the purchase will help his company achieve its goal of expanding its building design practice across North America, while Anshen and Allen CEO Roger Swanson said it will help his firm “compete for projects that have significance and impact worldwide.”