Canada’s WSP plans to become the biggest engineering and design consultant in the US by acquiring engineering firm TRC Companies for a total cash purchase price of US$3.3bn.
Founded some 55 years ago and currently employing around 8,000 people, Windsor, Connecticut-headquartered TRC is currently majority-owned by funds managed by Warburg Pincus.
“TRC has established itself as a leader and recognised strategic advisor in the engineering and consulting industry, maintaining deep, long-term relationships with blue-chip utilities,” WSP said on Monday.
WSP president and chief executive Alexandre L’Heureux said: “The proposed acquisition of TRC is a defining moment in the execution of WSP’s 2025-2027 Strategic Plan. Building on our track record of excellence and compounding financial performance, this strategic move will cement WSP as the Power & Energy consulting leader in the US and globally.”
He added: “Together, we are poised to deliver more complex projects and offer expanded end-to-end services to help solve our clients’ critical needs, from ageing infrastructure to grid modernisation and electrification.”
In October, Montreal-headquartered WSP completed its US$489m purchase of UK engineering consultant Ricardo plc.
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