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Franceschini began his career with a consulting engineering firm in Toronto, Ontario in 1975 after graduating from the University of Waterloo with a degree in civil engineering, where he worked with Triffo. The year Franceschini became president and CEO, Stantec had 2,000 employees in 40 offices and reported $185.5 million in gross revenue.
MWH Global Inc. was a global water and natural resources firm providing technical engineering, construction services and consulting services. In 2016, MWH was acquired by Stantec Consulting Inc. The firm provided planning, design and construction management for water and natural resources projects around the world. [3]
Morrison Hershfield is a professional services firm, subsidiary of Stantec since Jan 2024, [2] providing engineering and management consulting services in the areas of energy and industrial, buildings, technology and telecom, transportation, environment, water and wastewater, and land development. The firm has 16 offices across North America. [3]
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The firm invested heavily in its international practice, and faltered after the 2007–2008 financial crisis led to the suspension of many proposed projects in the Persian Gulf. In 2010 it was acquired by Edmonton–based Stantec, which still (2023) maintains offices in Butler and Pittsburgh and a large practice in Western Pennsylvania. [7]
Fay, Spofford & Thorndike was founded in June 1914 by three engineers with ties to the Massachusetts Institute of Technology (MIT). Frederic H. Fay served on many boards and in numerous industry leadership roles, including as the national chairman of the American Institute of Consulting Engineers (AICE). [2]
RNL Design was a Denver-based multidisciplinary design firm offering services in architecture, interior design, planning and urban design, landscape architecture, lighting design, and facilities master planning. They are now closed after their portfolio was acquired by Stantec.
The stock of Stantec (NYSE:STN, 30-year Financials) gives every indication of being significantly overvalued, according to GuruFocus Value calculation.