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AtkinsR茅alis Group, an international engineering services and nuclear company based in Montreal, has entered into a definitive agreement to acquire a majority stake in David Evans Enterprises, the parent company of David Evans and Associates. Portland-based David Evans has 34 offices in 10 states and approximately 1,250 employees. It serves transportation, power, water and environment, surveying and geomatics, and land development markets, as well as staffing services.

Under the terms of the transaction, AtkinsR茅alis will pay approximately $300 million in cash, payable at closing, for a 70 percent stake in David Evans 鈥� with a clear path to full ownership within a defined time frame. Until then, David Evans will continue as a legal entity, its leadership team will remain in place, and employee shareholders will remain minority shareholders in the company. The transaction is subject to customary closing conditions and David Evans鈥� shareholders鈥� approvals. It is expected to close in the first half of 2025.

鈥淭ogether our two firms significantly enhance our geographic footprint and capabilities in a core growth market, aligning with our U.S. Land and Expand strategy,鈥� Ian Edwards, president and CEO of AtkinsR茅alis, stated in a news release. 鈥淔or our strategy, this creates a Western U.S. platform on which to grow both companies, capable of delivering comprehensive solutions to address our combined clients鈥� most critical challenges.鈥�

Founded in 1976 and employee-owned, David Evans is nationally recognized for its culture, technical excellence, innovative and sustainable designs, and management and staffing solutions, according to the news release. AtkinsR茅alis and David Evans expect to support the expansion of large-scale infrastructure needs of state transportation departments in the Pacific Northwest, California and the Mountain West region. David Evans鈥� capabilities also will allow AtkinsR茅alis to further bolster its offerings across the U.S. with local, state and federal governments and private clients.

The transaction will give both businesses immediate access and a leading position in the Western U.S. and complements a growing national presence. The future combination will strengthen AtkinsR茅alis鈥� U.S. business by increasing its total U.S. workforce by approximately 25 percent.

David Evans generates approximately $275 million in annual revenue, with more than 50 percent coming from the transportation sector.

鈥淭he groundbreaking partnership between David Evans Enterprises Inc. and AtkinsR茅alis is aligned with our strategic vision and leverages our exceptional professional services in the Western United States and beyond,鈥� Al Barkouli, chairman and CEO of David Evans Enterprises, stated in the news release. 鈥淲ith highly complementary geographical footprints and technical expertise, this positions us as a leader with comprehensive project execution capabilities.鈥�