Cardno Sells Its Americas Consulting and Asia-Pacific Consulting divisions to Stantec

Technology & Services

Cardno sale of its Americas Consulting and Asia-Pacific Consulting divisions to Stantec


Summary

Cardno Ltd. (“Cardno” or the “Company”) (ASX:CDD) has entered into an Agreement with Stantec, Inc. (“Stantec”) (TSX, NYSE: STN) for the sale of its Americas Consulting and Asia-Pacific Consulting divisions for total aggregate cash consideration of US$500 million. The transaction is subject to various regulatory approvals and customary closing conditions.

Baird served as the lead financial advisor to Cardno Ltd. on this transaction.

About

With over 4,000 employees, Cardno is a global provider of integrated professional services focused on the physical and social environments. Cardno’s team of multidisciplinary specialists around the world design, develop and deliver programs and projects encompassing infrastructure, environmental, cultural, scientific and government services. Cardno is headquartered in Brisbane, Australia.

Stantec is a global provider of integrated professional services with 22,000 employees working in more than 350 locations across six continents. Stantec collaborates across disciplines and industries to bring buildings, energy & resource, environmental, water and infrastructure projects to life. Stantec is headquartered in Edmonton, Canada.

Through a strategic alliance, Baird partnered with Australia-based Gresham Advisory Partners (“Gresham”) on this transaction. Gresham, established in 1985, is the leading independent, Australian-owned advisory business. Gresham is focused on achieving superior financial outcomes for its clients and has a track record of advising on many of the largest and most complex transactions completed in the Australian marketplace. Gresham is headquartered in Sydney, Australia.
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Technology & Services

Cardno sale of its Americas Consulting and Asia-Pacific Consulting divisions to Stantec

Date
October 2021
Company
Cardno Ltd.
Transaction
M&A - Sellside
Sectors
Technology & Services
Target Location
Other
Acquiror Location
North America

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