On Tuesday, a Montreal engineering business announced that it will purchase a $300 million share in the parent company of David Evans and Associates, a Portland-based firm.
owned by employees The 1,250 employees of David Evans work in engineering, land surveying, transportation design, and related fields. It was established in 1976 and currently has 34 offices in 10 states, bringing in an estimated $275 million annually.
When the acquisition concludes in a few months, the financial agreement gives the Canadian engineering firm AtkinsRalis Group a 75% ownership position in parent business David Evans Enterprises. AtkinsRalis stated that it will eventually increase its 70% stake to complete ownership.
Ian Edwards, CEO of AtkinsRalis, stated in a news release that the combination of our two companies greatly expands our worldwide reach and capabilities in a key growing industry.
The Canadian company’s capacity to work on major infrastructure projects for transportation departments in the western United States will be strengthened by the acquisition. According to AtkinsRalis, its rail and transit design capabilities will complement David Evans’ local knowledge of mass transit projects in the Pacific Northwest and California.
The collaboration, according to David Evans Enterprises Chairman and CEO Al Barkouli, “positions us as a leader with comprehensive project execution capabilities.”
–Jonathan Bach covers real estate and housing. You can contact him by phone at 503-221-4303 or by email at [email protected].
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