Houston — KBR, Inc. agreed to sell its Infrastructure Americas division to North American design firm Stantec. The company said its sale of Infrastructure Americas is consistent with its restructuring plans announced in December 2014.
With offices in Houston, Austin, and Dallas, Texas; and Mobile, Ala., Infrastructure Americas will bring to Stantec approximately 180 professionals with experience in transportation, water/wastewater, and aviation projects. Stantec said the acquisition will strengthen its Texas presence and enhance the firm’s infrastructure design capabilities in the Gulf Region.
“One of the strongest opportunities for growth in North America is within the transportation and infrastructure markets, particularly in Texas,” said Stantec president and CEO, Bob Gomes. “As a part of KBR, Infrastructure Americas has a strong background in design/build, highway and bridge design; construction engineering and inspection; aviation experience including airside and landside design; and civil and structural engineering. This project experience and their seasoned staff will give us a platform to continue growing in these areas across the country, while significantly boosting our presence in Texas and Alabama.”
The transaction's price is $19 million, subject to working capital adjustments, with closing expected in December of 2015.