Business
WSP to acquire TRC, supercharging its leading position in the Power & Energy sector
Milestone transaction: Welcoming a U.S. premier Power & Energy brand of approximately 8,000...
About this update from Wsp Global Inc
[{"type":"text","content":"WSP to acquire TRC, supercharging its leading position in the Power & Energy sector\n\n\n\n\n\n Milestone transaction:\n \n Welcoming a U.S. premier Power & Energy brand of approximately 8,000 people to create the #1 Power & Energy platform in the U.S.\n \n 1\n \n for a total cash purchase price of US$3.3 billion.\n \n\n\n Highly accretive:\n \n Expected to be low- to mid-single digit percentage accretive to WSP’s adjusted net earnings per share\n \n 2\n \n and high-single digit percentage accretive once cost synergies are fully realized\n \n 2,\n \n\n 3\n \n .\n \n\n\n Highly complementary\n \n : Expands our offering in the Power & Energy sector and provides potential cross-selling opportunities similar to our POWER Engineers experience.\n \n\n\n Drives scale across strategic high-growth areas\n \n fuelled by strong fundamentals:\n \n\n Grows Advisory capabilities\n \n\n Expands Program Management expertise\n \n\n Adds to Digital offering with innovative solutions\n \n\n Enhances service offering across Water, Infrastructure and Environment\n \n\n\n\n\n Elevates leading position in the U.S.:\n \n Combined with TRC, WSP will become the largest engineering and design firm in the U.S. by revenue\n \n 4\n \n , with approximately 27,000 employees.\n \n\n\n Provides further diversification:\n \n 34% of U.S. net revenues to be derived from the Power & Energy sector.\n \n 5\n \n\n\n\n Accelerates WSP’s organic growth rate profile globally:\n \n Approximately two-thirds of WSP’s global net revenues to be derived from Canada and the Americas, and approximately 20% from Power & Energy—a double-digit organic growth rate sector.\n \n 6\n \n\n\n\n Fully aligned with WSP’s 2025-2027 Global Strategic Action Plan\n \n : Pioneering change for empowered growth.\n \n\n\n Equity Offering\n \n : ~$850 million equity offering composed of $732 million bought deal and approximately $118 million concurrent private placement with La Caisse.\n \n\n\n\n\n NOT FOR RELEASE, PUBLICATION, OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES, OR THE DISTRICT OF COLUMBIA.\n \n\n BASE SHELF PROSPECTUS IS ACCESSIBLE, AND THE PROSPECTUS SUPPLEMENT WILL BE ACCESSIBLE WITHI...