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AtkinsRealis to buy 70 per cent stake in Portland-based David Evans

AtkinsRéalis has signed a deal to acquire a 70 per cent stake in David Evans Enterprises for approximately US$300 million, focusing on the transportation sector.
The acquisition will increase AtkinsRéalis's U.S. Workforce by approximately 25 per cent, pending approval from David Evans shareholders.
David Evans generates nearly US$275 million annually, with over 50 per cent of its revenue stemming from transportation, and has 34 offices across 10 states.
Ian Edwards, CEO of AtkinsRéalis, stated that this deal creates a Western U.S. Platform for growth and emphasizes the need for infrastructure improvements in the U.S.

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Financial Post

AtkinsRealis to buy 70 per cent stake in Portland-based David Evans

Montreal-based engineering firm AtkinsRealis is on solid enough financial footing to resume acquisitions, its CEO said Tuesday, after the company announced it had made a US$300-million deal to expand its footprint in the western United States.

3 days ago·Canada

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La Presse

A "first major acquisition" for AtkinsRealis since its recovery

Montreal's engineering firm AtkinsRealis now has the kidneys strong enough to take over the road of acquisitions, assures its boss. The Montreal company has just extended its footprint in the western United States with a transaction of nearly 425 million.

3 days ago·Montreal, Canada

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Winnipeg Free Press

+23 Reposted by 23 other sources

AtkinsRéalis to buy 70 per cent stake in Portland-based David Evans

Breaking News, Sports, Manitoba, Canada

3 days ago·Winnipeg, Canada

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atkinsrealis.com

AtkinsRéalis to acquire majority stake in David Evans Enterprises, Inc.

The $300 million acquisition will give the company a 70% stake with a path to entire ownership.

2 days ago

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Daily Journal of Commerce

Firm purchasing majority stake in David Evans Enterprises

(Depositphotos) AtkinsRéalis Group, an international engineering services and nuclear company based in Montreal, has entered into a definitive agreement to acquire a majority stake in David Evans Enterprises, the parent company of David Evans and Associates. Portland-based David Evans has 34 offices in 10 states and approximately 1,250 employees. It serves transportation, power, water and environment, surveying and geomatics, and land developmen…

2 days ago

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Canadian Manufacturing

AtkinsRéalis To Buy 70 Per Cent Stake In Portland-based David Evans - Canadian Manufacturing

Montreal-based engineering firm AtkinsRéalis is on solid enough financial footing to resume acquisitions, its CEO said Tuesday, after the company announced it had made a US$300-million deal to expand its footprint in the western United States. After markets closed, the company formerly known as SNC-Lavalin said it would acquire a 70 per cent stake in David Evans Enterprises, a Portland, Ore.-based firm specializing primarily in the transportatio…

2 days ago

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