Mr. Ian Edwards reports
ATKINSREALIS COMPLETES AGREEMENT TO ACQUIRE A MAJORITY STAKE IN DAVID EVANS ENTERPRISES, INC.
Atkinsrealis Group Inc. has completed its previously announced plan to acquire a 70-per-cent stake in David Evans Enterprises Inc., parent company of David Evans and Associates Inc., a leading employee-owned engineering and staff augmentation services firm headquartered in Portland, Ore.
"This transaction aligns with our U.S. land and expand strategy of acquiring firms possessing deep local customer relationships in high growth and whitespace markets," said Ian L. Edwards, president and chief executive officer, Atkinsrealis. "It expands our reach in the Western U.S. transportation, water, and power and renewables markets, while leveraging our combined strengths to deliver large-scale, complex projects."
"David Evans's excellent industry reputation and our shared values -- focused on client commitment and a people-first approach -- make this an ideal partnership," said Steve Morriss, president, United States, Latin America, and minerals and metals, Atkinsrealis. "We now look forward to bringing the benefits of this collaboration to the market."
"This partnership marks an exciting new chapter, combining our Western U.S. expertise with Atkinsrealis's global capabilities," said Al Barkouli, chairman and chief executive officer of David Evans Enterprises. "Together, we will enhance our ability to deliver transformative infrastructure projects."
About Atkinsrealis Group Inc.
Created by the integration of long-standing organizations dating back to 1911, Atkinsrealis is a world-class engineering services and nuclear company dedicated to engineering a better future for the planet and its people. The company creates sustainable solutions that connect people, data and technology to transform the world's infrastructure and energy systems. The company deploys global capabilities locally to its clients and delivers unique end-to-end services across the whole life cycle of an asset including consulting, advisory and environmental services, intelligent networks and cybersecurity, design and engineering, procurement, project and construction management, operations and maintenance, decommissioning, and capital. The breadth and depth of the company's capabilities are delivered to clients in strategic sectors such as engineering services, nuclear and capital.
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