Business Case Study: Stantec Inc.

Stantec Incorporated was a sole proprietorship founded in 1954 in a 250 square foot office in Edmonton by Dr. Don Stanley. It was initially named D.R. Stanley and Associates. In 1955, Stanley hired a railway engineer named Herb Roblin and a former chief bridge engineer named Louis Grimble. The company was renamed to Stanley, Grimble and Robin Ltd. In 1983, Stanley appointed Ron Triffo as president and COO, while Stanley retained his role as CEO and chair. The company formed an urban development company called IMC, which grew to include over 200 employees. This success led them to create over 20 more companies, and in 1994, they went public on the Toronto Stock Exchange. In 1998, Tony Franceschini became president and CEO, replacing Ron Triffo.
The trend in the stock has been going up and down over the past few months, but it recently dropped quite suddenly. Now would be a great time to buy stock in this company, and not a very good time to sell stock for this company. This is because the stock price has experienced a sharp drop in the last week. Stock for this company is currently very cheap, and is going to increase soon. The reason the stock dropped was because Stantec recently released their earnings, and it was lower than expected. This is because of some integration costs that they recently incurred. However, the costs are not recurring, so Stantec will be making much more profit in the future. Also, Stantec is soon starting a big project in New York. Stantec was recently chosen as the lead engineer for a $1.9 billion design-build railway project in Nassau County, New York. The project will involve adding about 16km of track to the Long Island Rail Road, expanding eight bridges across local streets, improving six train stations, and multiple safety improvements. Also, Stantec has signed a letter of intent to acquire a transportation engineering company in New Zealand called Traffic Design Group (TDG). TDG specializes in traffic, engineering planning, pedestrian access and mobility, master planning, and road safety. TDG provided consultant services for the conversion of Wigram
provides services that are a part of the industrial sector and engineering and construction industry. They specialize in design, management or build engineering projects, and providing consultant services for many different industries. Some of the biggest projects they have worked on are the design of the visitor centre at the Kennedy Space Centre in Florida, the design and management of the 346,000km keystone pipeline from Alberta to Illinois, and the design and management of the Telus Spark museum in Calgary. They have worked on thousands of small projects, and many big ones as well. Some local projects they worked on are the design and management of the 40km VivaNext program, the design and management of the 9km York-Spadina Subway Extension, and security design at the Pan Am games in Markham in 2015. Stantec has been providing these design, management and build services to many countries all around the world for 64 years. Stantec Inc. does not have a corporate slogan, but their logo is shown at the bottom of the