Arlington Capital Partners has sold Secor International Inc. to Stantec (NYSE: SXC), for an undisclosed amount. Secor is a Redmond, Wash.-based provider of environmental consulting and engineering services to the private sector.
“I am pleased that we have completed this acquisition. The addition of Secor significantly increases our Environment practice area's service offering, particularly for our clients in the private sector,” says Tony Franceschini, Stantec President & CEO. “Secor's experience and expertise in permitting, compliance, and environmental remediation along with its roster of clients complement Stantec's experience and expertise allowing us to offer a full suite of services to our expanded client base.”
Founded in 1989, Secor's skilled professionals include engineers, scientists, geologists, project managers, and field technicians. The company's services include environmental due diligence and auditing, remediation, and environmental permitting and compliance services for some of the world's largest oil and gas and manufacturing companies. In 2007, Secor generated gross revenue of approximately US$125 million.
“Joining Stantec is a great opportunity for Secor,” says Jim Vais, Secor President & CEO who will continue with Stantec as Vice President and Practice Leader for Environmental Remediation. “With access to Stantec's robust technical systems, financial resources, and network of professionals across North America we can better serve our national clients while offering them a wider range of services.”
Stantec's Environment practice area now consists of more than 2,300 engineers, scientists, and technical specialists, making it one of North America's leading providers of environmental consulting services. In 2007 Secor ranked number 60 on the Engineering News Record's listing of the Top 200 Environmental Firms in the United States while Stantec was ranked number 32.
For more information visit http://announcements.stantec.com/secor
Stantec provides professional design and consulting services in planning, engineering, architecture, surveying, economics, and project management. We support public and private sector clients in a diverse range of markets in the infrastructure and facilities sector at every stage, from initial concept and financial feasibility to project completion and beyond. Our services are offered through over 8,500 employees operating out of more than 125 locations in North America. Stantec trades on the TSX under the symbol STN and on the NYSE under the symbol SXC. Stantec is One Team providing Infinite Solutions.
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