The engineering and consulting landscape is set to change with WSP Global’s recent acquisition of TRC Companies. This all-cash transaction, valued at $4.5 billion, marks a significant milestone for the Montreal-based firm.
Details of the Acquisition
WSP Global Inc. has announced its agreement to acquire TRC Companies, a U.S.-based consulting and construction firm. The acquisition will cost approximately $3.3 billion USD and is anticipated to close in the first quarter of the upcoming year, pending required regulatory approvals and certain closing conditions.
Strategic Expansion in the Energy Sector
This acquisition is poised to enhance WSP’s capabilities in the power and energy sectors. By integrating TRC Companies, WSP is set to become the largest engineering and design firm in the United States in terms of revenue.
Recent Performance and Growth Strategy
- In November, WSP reported an increase in both third-quarter profit and revenue.
- This growth has been facilitated by a series of strategic acquisitions.
- WSP completed the acquisition of Ricardo PLC on October 9, following an announcement made in June.
The acquisition of TRC Companies continues WSP’s aggressive strategy to grow and enhance its portfolio, ensuring its position as a leader in the engineering domain.
