AtkinsRéalis to Acquire 70% Stake in David Evans Enterprises for $300 Million

AtkinsRéalis, a Montreal-based engineering firm, has agreed to acquire a 70% stake in David Evans Enterprises for approximately $300 million, with the deal expected to close in the first half of 2025. This acquisition will enhance AtkinsRéalis's presence in the U.S. West, increasing its workforce by 25% and strengthening its capabilities in transportation and infrastructure design. Founded in 1976, David Evans operates 34 offices across 10 states and generates about $275 million in annual revenue, primarily from the transportation sector. The acquisition aligns with AtkinsRéalis's strategy to expand its market footprint and support large-scale infrastructure projects in regions such as the Pacific Northwest and California. David Evans will continue to operate as a legal entity with its current leadership and employee shareholders until the acquisition is fully completed. Ian Edwards, CEO of AtkinsRéalis, emphasized the partnership's potential to drive innovation and deliver comprehensive solutions to clients' challenges.