Chartwell is pleased to announce the sale of Wenck Enterprises, Inc. (“Wenck” or the “Company”) to Stantec Consulting Services Inc. (“Stantec”). Chartwell acted as Wenck’s exclusive financial advisor throughout the transaction, providing comprehensive, unbiased counsel on the sale of the Company.
Wenck and Stantec had a working relationship and were actively collaborating on projects and teaming on future opportunities. Wenck’s leadership believes combining with Stantec will provide both the economic and strategic resources necessary to further expand the Company’s service offerings and accelerate its geographic and market growth plans. In addition, the combination will provide growth opportunities for Wenck’s employees and more comprehensive capabilities to serve clients.
Wenck engaged Chartwell as its exclusive financial advisor to lead and execute a complex transaction involving the sale of a 100% ESOP-owned company. With Chartwell’s in-depth expertise in ESOPs and M&A transactions, Chartwell provided objective counsel and facilitated negotiations on behalf of the Company to ensure a successful outcome.
“Chartwell has been our trusted advisor since 1999, assisting Wenck during multiple stages of growth and with issues related to employee ownership. As we have valued Chartwell’s partnership for so many years, it seemed natural to turn to them to lead us through this transaction. Having Chartwell manage the process and communication with all parties was immensely helpful to keep myself and the management team focused on the business. I was very impressed with Chartwell’s expertise and guidance and the superior outcome for our ESOP participants and Wenck. We are all part of the Wenck family and our new partnership with Stantec will present excellent opportunities for all current and future employees. We are extremely excited about the future of Wenck and Stantec.”
— Rod Ambrosie, CEO, Wenck Enterprises
Founded in 1985, Wenck provides holistic environmental, engineering, construction, and response solutions to both private and public clients throughout the U.S. and Canada. Wenck’s full spectrum services and core expertise in air, water, food, natural resources, and infrastructure has helped business and industries meet their regulatory compliance and quality of life needs while protecting the world’s most essential resources.
Wenck’s seasoned leadership team transformed the company structure to support continued geographic and market expansion while creating a supportive corporate culture. Their multi-disciplinary and united team of engineers, scientists, construction, and business professionals deliver technical expertise and transform concepts into meaningful results for their clients.
Stantec provides professional infrastructure and facilities consulting services for public and private sector clients in Canada, the United States, and internationally. The company offers consulting services in engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management and planning, and project economics. Stantec serves the urban regeneration, infrastructure, education, energy, industrial, building, tourism and leisure, and waste and water sectors, as well as office and commercial, residential, and retail and town centers. Founded in 1954, Stantec is a publicly traded company on the TSX and NYSE and is headquartered in Edmonton, Canada.
For additional information on this transaction, please contact Wil Becker. To learn more about Chartwell’s corporate finance capabilities, contact Greg Fresh.