Dive Brief:
- East Coast design firm ADD Inc. will merge into multinational Stantec, the companies said Wednesday. Stantec sees the merge as an opportunity to grow in the U.S. by adding urban expertise.
- ADD has 210 people in its offices in Miami and Boston, while Stantec has 6,400 employees in the U.S. and 14,000 globally in 230 offices.
- Stantec CEO and President Bob Gomes said in the announcement that ADD is a strategic addition since it designs for city buildings, and "one of the strongest opportunities for growth in North America is its urban centers."
Dive Insight:
The companies said they expect to finish the deal next month. They did not disclose how much money is involved or what the structure of the merged firm will be. ADD said on its website that the merger will help it meet clients' needs "in more creative, personalized ways."