Stantec initiates strategic review of water business
Stantec has begun a strategic review of its water business, comprising MWH Constructors, Stantec Treatment, and Sladen.
The review is “to provide the best prospects for our people, clients, and shareholders,” the company said. In the US, Constructors and Slayden offer full construction capabilities to municipal, utility, federal, and industrial clients, including commissioning and start-up services. In the UK, where it operates as Stantec Treatment, the company offers primarily design-build services for water and wastewater projects.
Constructors provides construction and management services for mainly water-related products, for longterm clients, and was acquired by Stantec as part of its acquisition of MWH Global in 2016. The business generated more than $1 billion in gross revenue in 2017, representing 18.3 per cent growth over 2016. It employs 1,900 people.