Stantech signs a letter of intent to acquire Philadelphia-based L2P, deepening its expertise in mid-Atlantic architecture.Canadian Business Journal

EDMONTON, ALBERTA, NEW YORK, PHILADELPHIA, OCTOBER 12, 2022 (GLOBE NEWSWIRE) — TSX, New York Stock Exchange: STN

Stantec, a global leader in sustainable architecture, interior design and engineering, has reached a letter of intent to acquire L2P, a 40-employee Philadelphia-based architecture, interior design and planning firm signed the letter. Founded in 2009, his L2P has grown into a trusted advisor in the tech, commercial workplace, higher education, housing and hospitality markets. Terms of the transaction were not disclosed.

The acquisition strengthens Stantech’s scientific and commercial workplace offerings near Philadelphia and beyond. L2P brings extensive experience in strategic asset planning to help clients reach informed real estate decisions. L2P’s portfolio spans complex research laboratories, technology centers, higher education campuses and high-density residential developments. The team has a reputation for delivering projects that balance innovative design and sustainability practices with client objectives.

“L2P and Stantech share a common passion for sustainable design that helps create a sense of place and well-being,” said Josh Gould, Senior Vice President of Buildings at Stantech. . “L2P is a unique complement to our existing offerings in the Philadelphia market, where we are already recognized as leaders in healthcare and education design. The additional knowledge and expertise they bring Our knowledge will enable us to support all our clients in a more comprehensive manner.”

Notable projects in the L2P portfolio include:

• Global Headquarters Master Plan, Workplace Strategy, Architecture, Interior Design air products, an industrial gas giant. Located in Allentown, Pennsylvania, the 50-acre campus includes an administration building, an R&D building, and a parking lot.
• planning, architecture and interior design 2000 Arch Street, an 18-story office tower proposed for Center City in Philadelphia.Developed by Parkway Co., Ltd., the project is designed for Leadership in Energy and Environmental Design (LEED) Platinum certification. The modern and striking tower features glass and unique design elements in the cityscape to reflect the pedestrian character of the neighborhood.
• Masterplan, workplace strategy, architecture, and interior design for a 312,000-square-foot research and innovation center on the University of Delaware’s Science, Technology and Advanced Research Campus in Newark, Delaware.of Chemours Discovery Hub Maximize collaboration by consolidating most of the company’s U.S. innovation teams under one roof. Researchers and engineers utilize laboratories, offices, and amenity spaces to conduct cutting-edge research on fluorine products, chemical solutions, and titanium technology.

L2P aligns with Stantec’s sustainability goals and has important features in sustainable design. The team is responsible for the first LEED-Existing Buildings: Operation and Maintenance (EBOM) building in Philadelphia’s Center City business district and the first LEED-Commercial Interiors (CI) Gold pilot project in the United States, as well as several Green Globes Led the design of the certification project.

L2P Managing Principal John LaProcido said: “Our clients will benefit from a broader geographic footprint and expanded resources provided by our global network of professionals and services. both locally and globally to stay on the cutting edge of design technology and innovation Opportunities available at Stantec for our team to learn, grow and continue to exceed client needs is inspired by.”

L2P joins a team of over 4,000 people within Stantec’s global building practice. Our Philadelphia office has over 115 architects, project managers, engineers and interior design professionals serving the healthcare, education, commercial and public sectors.Stantech ranks among top 10 architectural firms building record When engineering news record.

About Stantech
Community is fundamental. Whether around the corner or around the world, they provide a foundation, a sense of place and a sense of belonging.That’s why at Stantech we always Designed with community in mind.

We are designers, engineers, scientists and project managers, innovating together at the intersection of community, creativity and client relationships. Balancing these priorities results in projects that improve the quality of life in communities around the world.

Stantech is traded on the TSX and NYSE under the symbol STN.

media contact
Ashley Warnock
Stantech Media Relations
Phone: (403) 472-0122
[email protected]

investor contact
Jess Newkirk
Stantech Investor Relations
Phone: (587) 579-2086
[email protected]

Designed with the community in mind

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