November 12, 2018 by

Stantec to sell MWH Constructors

Global design firm Stantec on Oct. 19 announced it has signed an agreement for the sale of its construction division, MWH Constructors, to funds managed by Oaktree Capital Management, L.P (“Oaktree”). The sale of MWH Constructors is inclusive of MWH Constructors’ U.K. and U.S. divisions and Slayden Constructors Inc. MWH Constructors joined Stantec through the MWH acquisition in 2016. Subject to customary conditions, the sale is anticipated to close in the fourth quarter of 2018.

The divestiture concludes the strategic review of construction services Stantec announced in April 2018. The strategic review set out to determine an option that would optimize the value of MWH Constructors and provide the best prospects for employees, clients, and shareholders.

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