AtkinsRealis Acquires U.S.-based C2AE Architecture and Engineering Firm

Executive Summary

• AtkinsRéalis Group Inc. has acquired C2AE, Inc., a Michigan-based architecture and engineering firm, to accelerate growth in the U.S. market.
• The acquisition expands AtkinsRéalis' footprint in the U.S. Upper Midwest and enhances technical capabilities in key end-markets including Water, Transportation, and Buildings & Places.
• C2AE brings approximately 120 professionals and eight locations across Michigan and upstate New York to AtkinsRéalis, building on previous successful collaborations between the two entities.

Key Details

• Acquirer: AtkinsRéalis Group Inc. (TSX: ATRL).
• Target: C2AE, Inc., headquartered in Lansing, Michigan.
• Target Profile: Founded in 1966, C2AE provides architecture, civil, structural, mechanical, and electrical engineering services.
• Target Assets: Eight locations and approximately 120 professionals across Michigan and upstate New York.
• Strategic Rationale:
  • Accelerates growth in the U.S. by complementing AtkinsRéalis' footprint in the U.S. Upper Midwest.
  • Builds technical solutions and capabilities in key growth end-markets: Water, Transportation, and Buildings & Places.
  • Aligns with AtkinsRéalis' "U.S. Land and Expand" strategy.
• Relationship History: The combination is rooted in a proven track record, with AtkinsRéalis and C2AE having already collaborated successfully on several projects prior to this acquisition.
• Key Personnel Quotes:
  • Ian L. Edwards, President and CEO of AtkinsRéalis: "This acquisition strengthens our presence in the Upper Midwest, expands our capabilities in key growth end-markets such as Water, and aligns with our U.S. Land and Expand strategy."
  • Bill Kimble, President of C2AE: "This agreement sets the stage for immediate collaboration and long-term growth. Together, we can take on more complex projects, broaden our impact in the communities we are so proud to serve, and create new opportunities for our valued employees."
  • Steve Morriss, President, U.S., Latin America, and Minerals & Metals of AtkinsRéalis: "This acquisition is rooted in mutual respect, a shared people-first culture, and a joint commitment to delivering world-class services to the Upper Midwest."

Notable Quotes

• "We are delighted to welcome C2AE to AtkinsRéalis... By combining our expertise and shared commitment to excellence, we are well positioned to deliver comprehensive solutions and long-term value to our clients." — Ian L. Edwards, President and CEO, AtkinsRéalis
• "There's a real sense of excitement across C2AE as we look to join AtkinsRéalis... Together, we can take on more complex projects, broaden our impact in the communities we are so proud to serve, and create new opportunities for our valued employees." — Bill Kimble, President, C2AE