Stantec Signs LoI To Acquire Processes Unlimited International, Inc.

(RTTNews) - North American design firm Stantec said it will add significant strength to its oil and gas, and industrial service capabilities in the United States by acquiring Processes Unlimited International, Inc., or ProU. Stantec anticipates this transaction to close in March, 2014.

Commenting on ProU, the company said it is Based in Bakersfield, California and it is a 450-person multidisciplinary engineering, project management, and design firm founded in 1985 with seven offices across California, Texas, Georgia, and Tennessee. Stantec anticipates this transaction to close in March, 2014.

"ProU shares our cultural focus on clients, with a deep technical expertise that is instrumental to servicing key industrial clients across the United States," said Bob Gomes, Stantec president and chief executive officer.