Global engineering and design firm Stantec has signed a letter of intent to acquire True Grit Engineering.
Based in Thunder Bay, True Grit specializes in engineering, project management and planning, and environmental services, with clients including Hydro One, Resolute Forest Products, and Indigenous communities and municipalities across Northern Ontario.
It employs 55 people across its Sioux Lookout, Thunder Bay and Welland locations.
“True Grit Engineering continually worked to find ways to meet our client’s growing needs. Joining Stantec allows True Grit Engineering to offer world-class expertise and a much wider variety of services through the same team that our clients have grown to trust,” said Eric Zakrewski, president and CEO at True Grit, in an Aug. 28 news release.
“As a trusted joint venture partner to several Indigenous communities throughout northern Ontario, we are also excited to be able to assist our partners as Stantec and respond to business opportunities and engineer infrastructure to meet the needs of their growing communities.”
Stantec said the acquisition would “strengthen Stantec’s foothold in Northern Ontario.”
“We have a longstanding relationship with True Grit Engineering and have experienced the quality work they deliver after partnering with them on a number of great projects,” said vice-president Eric Wiens.
“True Grit Engineering will increase our office presence in key markets, providing our clients and the local community with increased personal contact and a deep knowledge of issues impacting projects.”
The acquisition is expected to close the fourth quarter of 2018.
