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Stantec Signs Agreement to Sell MWH Constructors

Paul, Weiss is representing global design firm Stantec in the sale of its construction division, MWH Constructors, to funds managed by Oaktree Capital Management, L.P. MWH Constructors provides a full range of construction and construction management services, primarily for the water and wastewater markets in the United States and the United Kingdom. With the divestiture of MWH Constructors and the 2017 divestiture of Innovyze, both of which joined Stantec through its MWH acquisition in 2016, Stantec will focus on its core consulting services business globally. Paul, Weiss also represented Stantec in the acquisition of MWH and the sale of Innovyze. The sale of MWH Constructors is expected to close in the fourth quarter of 2018. Term of the transaction were not disclosed.

The Paul, Weiss team includes corporate partner Adam Givertz; tax partner Lindsay Parks; employee benefits partner Andrew Gaines; intellectual property partner Claudine Meredith-Goujon; real estate partner Salvatore Gogliormella; antitrust counsel Marta Kelly; environmental counsel William O’Brien; international trade counsel Richard Elliott; and litigation counsel Peter Jaffe.

October 19, 2018

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