Conestoga-Rovers & Associates (CRA) and GHD Inc. have joined forces, and will soon create one of the largest mergers in the engineering and environmental industry.
CRA is an engineering, environmental, construction, and information technology services firm, while GHD is one of the world’s leading engineering, architecture, and environmental consulting companies.
A key feature of the merger is that all ongoing employee shareholders in CRA will become shareholders of GHD. The two firms are combining resources, pooling equity interests and each company’s shareholders will become mutually dependent on each other for the creation of value over time.
“CRA was seeking a way to leverage our 38 years of private sector engineering and environmental services into a more diverse business with a global presence while staying staff-owned,” said CRA President Ed Roberts in a March 2014 statement. “We found a merger partner that has an overall philosophy, business approach, and work ethic similar to CRA’s. It was not a difficult decision to find a way for GHD and CRA to become one organization. We believe that this merger will be an excellent springboard for further growth and opportunity for our employees,” added Roberts.
Closing conditions of the transaction are expected to be completed by July 2014.