Forming a Leading Growth Platform for the
Western U.S.
MONTREAL, April 14,
2025 /PRNewswire/ - AtkinsRéalis Group Inc. (TSX:
ATRL), a world-class engineering services and nuclear company with
offices around the world, has completed its previously announced
plan to acquire a 70% stake in David Evans Enterprises, Inc.,
parent company of David Evans and
Associates, Inc. (collectively "David Evans"), a leading
employee-owned engineering and staff augmentation services firm
headquartered in Portland,
Oregon.
"This transaction aligns with our US Land and expand strategy of
acquiring firms possessing deep local customer relationships in
high growth and whitespace markets," said Ian L. Edwards, President and Chief Executive
Officer, AtkinsRéalis. "It expands our reach in the Western
U.S. transportation, water and power & renewables markets,
while leveraging our combined strengths to deliver large-scale,
complex projects."
"David Evans' excellent industry
reputation and our shared values—focused on client commitment and a
people-first approach—make this an ideal partnership," said
Steve Morriss, President, U.S.,
Latin America, and Minerals &
Metals, AtkinsRéalis. "We now look forward to bringing the benefits
of this collaboration to the market."
"This partnership marks an exciting new chapter, combining our
Western U.S. expertise with AtkinsRéalis' global capabilities,"
said Al Barkouli, Chairman & CEO of David Evans Enterprises,
Inc. "Together, we will enhance our ability to deliver
transformative infrastructure projects."
About AtkinsRéalis
Created by the integration of long-standing organizations
dating back to 1911, AtkinsRéalis is a world-class engineering
services and nuclear company dedicated to engineering a better
future for our planet and its people. We create sustainable
solutions that connect people, data and technology to transform the
world's infrastructure and energy systems. We deploy global
capabilities locally to our clients and deliver unique end-to-end
services across the whole life cycle of an asset including
consulting, advisory & environmental services, intelligent
networks & cybersecurity, design & engineering,
procurement, project & construction management, operations
& maintenance, decommissioning and capital. The breadth and
depth of our capabilities are delivered to clients in strategic
sectors such as Engineering Services, Nuclear and Capital.
News and information are available at
www.atkinsrealis.com or follow us
on LinkedIn.
About David
Evans
David Evans is a professional
services consulting firm with offices in the Western United States, Mississippi, New
York, and Texas.
David Evans specializes in design
for transportation, land development, energy, and water and
environmental infrastructure projects across the nation. The firm's
staff includes engineers, surveyors, hydrographers, planners,
landscape architects, and natural resources scientists.
David Evans is consistently ranked
among ENR's Top 100 Pure Design Firms in the U.S. In addition,
David Evans' staffing subsidiaries
focus on staff augmentation, contract-to-hire, and direct placement
services. www.deainc.com
Forward-Looking Statements
References in this press release to the "Company",
"AtkinsRéalis", "we", us" and "our" mean, as the context may
require, AtkinsRéalis Group Inc. or all or some
of its subsidiaries or joint arrangements or associates. Statements
made in this press release that describe the Company's expectations
or strategies constitute "forward-looking statements", which can be
identified by the use of the conditional or forward-looking
terminology such as "estimates", "expects", "forecasts", "intends",
"may", "objective", "plans", "projects", "should", "will",
"likely", or other variations thereon. Forward-looking statements
also include any other statements that do not refer to historical
facts. The Company cautions that, by their nature,
forward-looking statements involve risks and uncertainties, and
that its actual actions or results could differ materially from
those expressed or implied in such forward-looking statements.
Forward-looking statements are presented for the purpose of
assisting investors and others in understanding certain key
elements of the Company's current objectives, strategic priorities,
expectations and plans, and in obtaining a better understanding of
the Company's business and anticipated operating environment.
Readers are cautioned that such information may not be appropriate
for other purposes. Forward-looking statements made in this press
release are based on a number of assumptions believed by the
Company to be reasonable as at the date hereof. The assumptions are
set out throughout the Company's 2024 annual management disclosure
& analysis ("MD&A") (particularly in the sections entitled
"Critical Accounting Judgments and Key Sources of Estimation
Uncertainty" and "How We Analyze and Report our Results") filed
with the securities regulatory authorities in Canada, available on SEDAR+ at
www.sedarplus.com and on the Company's website
at www.atkinsrealis.com under the "Investors"
section. If these assumptions are inaccurate, the Company's actual
results could differ materially from those expressed or implied in
such forward-looking statements. In addition, important risk
factors could cause the Company's assumptions and estimates to be
inaccurate and actual results or events to differ materially from
those expressed in or implied by these forward-looking statements.
Those risks are identified in the Company's 2024 annual MD&A
(particularly in the section entitled "Risk and Un
certainties"), as may be updated from time to time in
the Company's interim quarterly MD&A, are not
exhaustive. The forward-looking statements herein reflect the
Company's expectations as at the date of this press release and are
subject to change after this date. The Company does not undertake
to update publicly or to revise any such forward-looking statements
whether as a result of new information, future events or otherwise,
unless required by applicable legislation or
regulation. The forward-looking information and
statements contained herein are expressly qualified in their
entirety by this cautionary statement.
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SOURCE AtkinsRéalis
