TORONTO — Balfour Beatty, the international infrastructure group, acquired the Halsall Group, a Canadian professional services firm based in Toronto, for a cash consideration of CAN$53 million (US$52.5 million).
Halsall, which was employee-owned, provides design and engineering services to the building market, with particular strengths in sustainable design and restoration. Halsall also provides structural engineering services to clients in the transportation market.
With seven offices in Canada and more than 300 employees, Halsall has grown in the buoyant Canadian market generating CAN$46 million (US$45.5 million) in revenue in 2009 and achieving strong margins.
Balfour Beatty Chief Executive Ian Tyler said: "The acquisition of Halsall extends the geographic reach of Parsons Brinckerhoff (PB), our professional services business, in Canada, which we believe is an attractive infrastructure market. Halsall will provide PB, and the wider Balfour Beatty Group, with a great platform to develop a successful Canadian business."