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Montreal-based WSP Global says a $4.5-billion deal to acquire TRC Companies will expand its offerings in the power and energy sector.Sean Vokey/The Canadian Press
WSP Global Inc. WSP-T says it has agreed to acquire TRC Companies, a U.S.-based engineering, consulting and construction firm.
The all-cash deal is valued at US$3.3-billion ($4.5-billion) and is expected to be completed in the first quarter of next year, pending regulatory approvals and closing conditions.
The Montreal-based company says the deal will expand its offerings in the power and energy sector.
A press release from WSP Global says the deal would see it become the largest engineering and design firm in the U.S. by revenue.
In November, WSP reported higher third-quarter profit and revenue amid a rise in acquisition growth.
WSP completed an acquisition of Ricardo PLC on Oct. 9 after the transaction was initially announced in June.
