Peter Brett Associates (PBA) has said that its plans to sell the business to Canada-based consultancy Stantec is an exciting opportunity for its geotechnical division.
News that PBA had signed a letter of intent with Stantec emerged last week and PBA chairman Keith Mitchell has already vowed that the takeover will not result in job losses.
Commenting on the impact for the geotechnical division, a spokesperson for the company said: “PBA’s existing strong geotechnical, contaminated land and geo hazards expertise is further enhanced by the skills and expertise in tunnelling, mining and mega structures. This is an exciting opportunity for the joint entity to develop even further geotechnical expertise.”
PBA ranked 13th in GE’s top 50 geotechnical consultants in the 2018 Geotechnical Services File with a UK geotechnical turnover of £4M.
According to the announcement, the acquisition is part of Stantec’s strategy to grow in the UK and Europe and to diversify into the community development and infrastructure market.
“Joining forces with Stantec will enable us to provide our clients with greater insights and expertise from the wider Stantec team and allow PBA to capitalise on the opportunities it is creating in the development and infrastructure markets,” said Mitchell. “We are excited about the opportunities that can flow from joining a team which shares our values and approach to client relationships, and that has demonstrated its track record as a great place to work.”
The takeover is expected to be completed in September.