AtkinsRéalis Acquires Majority Stake in David Evans Enterprises
AtkinsRéalis Group Inc. (TSX: ATRL), a global engineering and nuclear services firm headquartered in Montreal, has finalized its acquisition of a 70% stake in David Evans Enterprises, Inc., the parent company of David Evans and Associates, Inc. This strategic move, valued at approximately $300 million, marks a significant expansion of AtkinsRéalis’ presence in the U.S. infrastructure market, particularly in the Western United States .
Strategic Expansion into the U.S. Market
The acquisition aligns with AtkinsRéalis’ “U.S. Land and Expand” strategy, aiming to deepen local customer relationships in high-growth and underserved markets. By integrating David Evans’ established operations, AtkinsRéalis enhances its capabilities in transportation, water, power, and renewable energy sectors across the Western U.S. This move positions the company to deliver large-scale, complex infrastructure projects more effectively.
David Evans Enterprises: A Complementary Partner
Founded in 1976 and headquartered in Portland, Oregon, David Evans Enterprises is an employee-owned engineering and staff augmentation services firm. With approximately 1,250 employees across 34 offices in 10 states, the company has a strong presence in transportation, power, water and environment, surveying and geomatics, and land development markets. In 2024, David Evans reported revenues of around $275 million, with over half generated from the transportation sector.
The partnership is built on shared values of client commitment and a people-first approach. Steve Morriss, President of U.S., Latin America, and Minerals & Metals at AtkinsRéalis, emphasized the cultural alignment between the two firms, highlighting their mutual focus on delivering value to clients and communities .
Al Barkouli, Chairman and CEO of David Evans Enterprises, expressed enthusiasm about the collaboration, noting that the combined expertise and geographical footprints of both companies will enhance their ability to execute transformative infrastructure projects.
Operational Continuity and Future Plans
Under the terms of the agreement, David Evans will continue to operate as a separate legal entity, maintaining its leadership team and employee ownership structure. This approach ensures continuity for clients and employees while leveraging the strengths of both organizations. The acquisition includes a clear path to full ownership by AtkinsRéalis within a defined timeframe, subject to customary closing conditions and shareholder approvals.
Enhanced Capabilities and Market Reach
The acquisition significantly boosts AtkinsRéalis’ U.S. workforce and expands its footprint in key markets. By integrating David Evans’ specialized services in transportation, water, and environmental sectors, AtkinsRéalis is better positioned to support state departments of transportation and other clients in delivering critical infrastructure projects, particularly in the Pacific Northwest and California .
About AtkinsRéalis
Created by the integration of long-standing organizations dating back to 1911, AtkinsRéalis is a world-class engineering services and nuclear company dedicated to engineering a better future for our planet and its people. We create sustainable solutions that connect people, data and technology to transform the world’s infrastructure and energy systems. We deploy global capabilities locally to our clients and deliver unique end-to-end services across the whole life cycle of an asset including consulting, advisory & environmental services, intelligent networks & cybersecurity, design & engineering, procurement, project & construction management, operations & maintenance, decommissioning and capital. The breadth and depth of our capabilities are delivered to clients in strategic sectors such as Engineering Services, Nuclear and Capital.
About David Evans
David Evans is a professional services consulting firm with offices in the Western United States, Mississippi, New York, and Texas. David Evans specializes in design for transportation, land development, energy, and water and environmental infrastructure projects across the nation. The firm’s staff includes engineers, surveyors, hydrographers, planners, landscape architects, and natural resources scientists. David Evans is consistently ranked among ENR’s Top 100 Pure Design Firms in the U.S. In addition, David Evans’ staffing subsidiaries focus on staff augmentation, contract-to-hire, and direct placement services.
