Overview
- The company says the acquisition would make it the largest U.S. engineering and design firm by revenue once the transaction closes.
- Closing is targeted for the first quarter of 2026, subject to regulatory approvals and customary conditions.
- WSP plans to finance the purchase with new debt and an equity raise of at least $850 million, including a bought deal and a private placement with the Caisse de dépôt et placement du Québec that would lift its stake to about 14 percent.
- TRC, owned by funds managed by Warburg Pincus and based in Windsor, Connecticut, brings roughly 8,000 employees and power and energy expertise.
- Management expects the deal to be accretive to adjusted earnings per share initially, with greater benefits anticipated as cost savings are realized.