The private shareholders of VI Engineering, LLC have sold the company to Stantec Consulting Services Inc. for an undisclosed consideration.
VI Engineering is a leading provider of power engineering design and project-based consulting services nationwide.
Founded in 1954, Stantec Consulting Services is a publicly traded global provider of professional engineering consulting services. With more than 15,000 employees working in over 250 locations, the company collaborates across disciplines and industries to bring buildings, energy and resource, and infrastructure projects to life, offering professional consulting in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics.
Oaklins' team in Dallas was referred to the selling shareholders by a former client and subsequently executed a methodical and discrete strategic initiative to source qualified buyers. Our team screened potential buyers for culture, operating philosophy, strategic alignment, and capitalization capability and negotiated the purchase price. The closing purchase price included a significant retention bonus for internal employees and other favorable terms that exceeded shareholder expectations by nearly 20%.
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