Stantec to acquire Caltech Group
Canadian consulting giant looks to strengthen Power, Oil & Gas operations.
Alberta-based engineering consulting firm, Stantec, announced it will acquire the 180-person consulting engineering firm, The Caltech Group. The company is comprised of its two business units—Caltech Senex Oil & Gas and Caltech Utilities—and headquartered in Calgary, Alberta.
“In the last few years, we have been looking to strengthen our power and oil and gas engineering practices in North America,” says Bob Gomes, Stantec president and CEO.
The Caltech Group has more than 20 years experience working with North American oil, gas and utility companies. The Senex Oil & Gas unit provides multidisciplinary engineering, procurement and construction management services. Caltech Utilities unit specializes in design of utility electrical asset and telecom facilities.
“Becoming part of Stantec allows us to tap into many more resources, finances and staffing than we could have had access to as a smaller private company,” said Kelly Gerry, The Caltech Group CEO.
The Caltech Group’s two Calgary locations will complement Stantec’s existing operations in Alberta and the firm’s North American work in the oil and gas and power sectors.