Business Achievement: Large Firms ($1 billion+)


WSP Global Inc. (Montreal, Canada) for reported gross revenue growth of 152% to $4.4 billion and net revenue growth of 117% to $3.2 billion for the nine months ended September 26, 2015. Much of that growth was attributable to the September 2014 acquisition of infrastructure services firm Parsons Brinckerhoff, which added 13,500 people to WSP's 17,500 global workforce, but WSP continued a global acquisition program that netted 7 firms in 2015 and 6 firms in 2014. In releasing third quarter results, WSP's president and CEO Pierre Shoiry said: "As we reach the milestone of one year since the Parsons Brinckerhoff acquisition… We continue to focus on increasing revenues stemming from our enhanced and diversified platform. This demonstrates the soundness of our growth model, which is based on expanding our global presence and deepening our technical expertise in the market segments that we serve. The recent acquisition of MMM is consistent with this objective, and we are pleased to welcome 2,000 new colleagues to the team." MMM is a Canada-based leader in public-private partnerships and the delivery of large-scale, complex P3 projects involving transportation, highways, bridges, transit, airports and buildings.

SNC-Lavalin Group Inc. (Montreal, Canada) for revenue growth of 28% to $6.9 billion for the first nine months of 2015. Growth was mainly due to an increase in the company's Oil & Gas and Power segments as a result of its August 2014 acquisition of Kentz Corporation Ltd., a global company with 15,500 employees in 36 countries providing engineering, construction management and technical support services to the oil and gas industry. Overall the transaction created a group with approximately 45,000 employees, annual revenues of about C$10 billion and continued SNC-Lavalin's "ongoing transformation into a global Tier-1 engineering and construction (E&C) company." In releasing financial results, Neil Bruce, president and CEO remarked on the company's focus on its ICI or Infrastructure Concession Investments business, but said: "Our principal focus right now is on maximizing profitability of the E&C [engineering and construction] platform. We will update the market in due course on our plans to crystallise value from this important asset."

Stantec (Edmonton, Canada) for gross revenue growth of 15% to $2.2 billion and net revenue growth of 16% to $1.8 billion for the nine months ended September 30, 2015. Stantec's growth has been paced by acquisitions, with more than 75 since 2000 of which eight were in 2014 (all in the United States) and five in 2015 (four in the U.S. and one in Canada). Stantec's 2015 acquisitions include VI Engineering, VA Consulting, and Fay, Spofford & Thorndike, in addition to the Canadian engineering operations of Montreal-based Dessau, with 1,300 Dessau employees from 20 offices throughout Quebec and Ontario joining Stantec. Stantec's acquisition strategy allowed the company to maintain growth in 2015 as organic gross revenue was reported down $98 million through three quarters of 2015, primarily due to retractions in Stantec's Energy & Resources business operating unit. Stantec's 15,000 employees working in over 250 locations provide planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics services for infrastructure and facilities projects.