Sale to EQT Partners

Technology & Services
Sale to EQT Partners

Summary

Baird served as exclusive financial advisor to Stantec Inc. on this transaction

About

Innovyze, Inc. (“Innovyze” or the “Company”), a subsidiary of Stantec Inc. (“Stantec”), was recently acquired by EQT Partners (“EQT”) for $270 million.

Innovyze is a leading provider of water infrastructure software solutions designed to meet the analytical needs of water / wastewater utilities, government agencies and engineering organizations worldwide. The Company’s clients include the majority of the largest United Kingdom, Australian, East Asian and North American cities, the foremost utilities on all six continents, and Engineering News-Record top-rated design firms. Innovyze is headquartered in Broomfield, Colorado.

Stantec is a global design firm with approximately 22,000 employees working in over 400 locations across 6 continents. Stantec provides engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, construction services, project management, and project economics, from initial project concept and planning through to design, construction, commissioning, maintenance, decommissioning, and remediation. Stantec Inc. is an international company, listed on the Toronto Stock Exchange and the New York Stock Exchange (TSX, NYSE: STN). Stantec is headquartered in Edmonton, Canada.

EQT is a private equity group in Europe with approximately EUR 35 billion in raised capital. EQT funds have portfolio companies in Europe, Asia and the United States with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership. EQT is headquartered in Stockholm, Sweden.
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Technology & Services
Sale to EQT Partners
Date
May 2017
Company
Innovyze, Inc.
Transaction
M&A
Sectors
Technology & Services
Target Location
North America
Acquiror Location
Europe

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