WSP Global将以33亿美元收购TRC Companies

2025-12-16 05:43

WSP Global (WSP:CA) has entered into an agreement to acquire TRC Companies for $3.3 billion in an all cash transaction.
The proposed acquisition will position WSP as the largest engineering and design firm in the U.S., supercharging its Power & Energy offering and enhancing its capabilities across Water, Infrastructure, and Environment.
The transaction is expected to be low-to-mid single-digit percentage accretive to WSP’s adjusted net earnings per share before synergies.
WSP expects 2027 accretion to be high single-digit percentage accretive once cost synergies are fully realized.
Expected cost synergies to exceed 3% of TRC’s net revenues for the financial year ended June 30, 2025, plus potential cross-selling revenue synergy opportunities in alignment with our POWER Engineers experience.
Estimated pro forma Net Debt to Adjusted EBITDA ratio of ~2.4x upon closing of the Acquisition with the expectation to return to below 2.0x within 12 months.
Equity raise of ~$850 million: $732 million bought deal public offering and ~$118 million private placement of common shares of WSP expected to close on or about December 22, 2025.
Source: Press Release

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