CA - Stantec signs letter of intent to acquire Philadelphia-based L2P

• Stantec ( NYSE: STN ) has signed a letter of intent to acquire L2P, a 40-person Philadelphia-based architecture, interior design, and planning firm.

• L2P was founded in 2009 and has grown to be a trusted advisor in the science and technology, commercial workplace, higher education, residential, and hospitality markets.

• The terms of the transaction are not disclosed.

• The acquisition will bolster the company’s science and technology and commercial workplace offerings in greater Philadelphia and beyond.

• “L2P and Stantec share a common passion for sustainable design that helps create a sense of place and well-being. L2P uniquely complements our existing offerings in the Philadelphia market where we are already a recognized leader in healthcare and education design. The additional knowledge and expertise that they bring will allow us to support all of our clients in a more comprehensive manner.” said Josh Gould, Senior Vice President, Buildings, at Stantec.

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