LOI Announcement: Penfield & Smith Engineers signs letter of intent with Stantec (NYSE: STN)

Anaheim Hills, CA, Aug. 28, 2014 – Meritage Partners is pleased to announce that our client Penfield & Smith (“P&S” or the “Company”) has signed a letter of intent to be acquired by Stantec (NYSE: STN). Founded in 1946 and headquartered in Santa Barbara, CA with offices in Camarillo, Santa Maria, and Lancaster, P&S is a leading engineering firm with 90 employees servicing clients in both public and private sectors. P&S offers its clients civil engineering, geomatics (surveying and mapping), land use planning and permitting, civil structures engineering; transportation engineering and planning, water resources engineering, and construction management and inspection services. For more information on this transaction, please see news releases on MarketWatch and Yahoo Finance.