In a major consolidation move that reshapes the architectural landscape, global design powerhouse Stantec is set to acquire Washington, D.C.-based Page, catapulting the combined entity to become the second-largest architecture firm in the United States.
The strategic acquisition is projected to expand Stantec’s operations by 35 percent, Bisnow reported, and increase its U.S. workforce to 13,500 employees. Prior to the merger, Stantec ranked as the sixth-largest U.S. architecture firm in 2024, according to Architectural Record, while Page held the 13th position.
Stantec claims this acquisition will boost it to No. 2, only behind Gensler.
“This acquisition will greatly support our strategic market growth in our buildings business while enabling us to leverage our expanded platform to better serve our North American clients and grow our worldwide market presence,” Stantec CEO Gord Johnston said in a statement.
Founded in Austin in 1898, Page counts 1,400 employees across 20 offices throughout the United States and Mexico, including locations in New York City, Denver and Boston. The firm, formerly known as Page Southerland Page, is responsible for projects such as the Indeed Tower in Austin.
Page had recently been on its own acquisition trajectory. The firm purchased New York-based EYP Group Holdings’ assets out of bankruptcy for $70.4 million in 2022, then acquired Austin-based DB Structures and New York-based David Brody Bond by the end of 2023.
This expansion briefly elevated Page to become the 10th-largest U.S. architectural firm in 2023 before a round of layoffs in May, attributed to “macro forecasts and simplifying operations.”
Page CEO Thomas McCarthy explained the merger, saying the company’s “strategic plans were to achieve domestic primacy and global influence for our team, joining Stantec positions us to accelerate these plans.”
Last year, Page generated $503 million in total revenue, according to the Washington Business Journal. Stantec generated $5.31 billion.
The two firms previously partnered on healthcare projects including the $193 million, 150,000-square-foot Jellison Cancer Institute tower at Sarasota Memorial Hospital in Florida, as well as the 200,000-square-foot Outpatient Cancer Center Institute for Sarasota Memorial Health Care System in 2021.
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