Hogan Lovells advises AtkinsRéalis in acquisition of majority stake in David Evans Enterprises, Inc., creating leading growth platform

Under the terms of the transaction, AtkinsRéalis will acquire a 70% stake in David Evans for approximately US$300 million in cash payable at closing, with a clear path to entire ownership within a defined agreed time period. The transaction is subject to customary closing conditions and David Evans’ shareholders’ approvals, and is expected to close in the first half of 2025.

AtkinsRéalis is a leading engineering services and nuclear company dedicated to engineering a better future for the planet and its people. The company creates sustainable solutions that connect people, data and technology to transform the world’s infrastructure and energy systems. In addition to the complementary geographic footprint in the U.S., the investment in David Evans further strengthens AtkinsRéalis’ technical capabilities in full-scale transportation and infrastructure design. By leveraging its combined strengths in design and project management, AtkinsRéalis further increases its ability to deliver large-scale complex projects, thus generating sustained long-term value for its clients and the communities it serves.

More information on the transaction can be found here.

The Hogan Lovells New York-based deal team was led by partners Peter Cohen-Millstein and Megan Ridley-Kaye, senior associates Spencer Caldwell-McMillan and Jason Lee, and associate David Duquette.