Opus International Consultants (Opus) has completed the purchase of Canadian land surveying, engineering and environmental consultancy Stewart Weir. The acquisition, including all legal entities, will add some 550 staff and six offices in Canada, bringing the Opus Canadian team to around 700 staff in 16 offices, and the Opus global team to more than 3,000 staff and 91 offices worldwide. Opus first established in Canada in 2002.
“Stewart Weir’s market status for pipeline, infrastructure and energy related projects makes them a market leader in Alberta – Canada’s highest growth market”, says Opus Managing Director and Chief Executive, Dr David Prentice.
“Our strategic plan calls for both diversification in existing markets and expansion into new markets. This acquisition fulfils both those objectives. Oil and gas is a vital global industry, and Canada is well positioned for growth.
“In recent years, Stewart Weir has expanded its service offering from surveying and engineering to include industrial engineering, geographical information systems, and environmental services. The merger gives us a broader range of complementary services, and added strength to our diverse capabilities.”
The acquisition comprises an initial payment of CAD$50m followed by integration and performance-based payments up to a potential of CAD$40m.
“In addition to our entry into the Oil & Gas sector, the Canadian federal government has highlighted infrastructure as one of its top priorities for the future,” says Dr Prentice. “Acquiring Stewart Weir is strategically important given their market strength and growth prospects both in Canada generally and in the Oil & Gas sector.”
Stewart Weir’s CEO, Brian Pearse, who will stay with the company as President, says he welcomes becoming part of the global Opus team, and that he sees this as a further development opportunity for their business.
“I am delighted that our two companies have come together, and I believe that combined, we will form a greater presence in the market place,” says Mr Pearse. “Stewart Weir has established a reputation for service excellence and for providing value to clients. Opus enjoys a similar reputation, so our combined synergies will provide us with a significant collective strength. The merger will also offer greater access to a wider range of skills and specialist knowledge, with the potential to add greater value for our clients.”
Stewart Weir is an employee-owned company that recently celebrated its 100th anniversary, and has its head office in Sherwood Park with local offices in Calgary, Grande Prairie, Bonnyville and Lethbridge.
Stewart Weir will work alongside the existing Opus offices in Abbotsford, Calgary, Detroit (USA), Halifax, Kelowna, Fredericton, Whitehorse, Prince George, Smithers, Vancouver and Victoria. The Canadian operation will continue to be led in Canada by Opus’ President, Sean Brophy, who is based in Vancouver.
For further information and comment please contact:
Dr David Prentice
Chief Executive and Managing Director
Tel: 04 471 7022