Wedoany.com Report-Dec.17, WSP Global, headquartered in Canada, has agreed to acquire TRC Companies, a U.S.-based power and energy engineering firm, in a transaction valued at $3.3 billion.

This move will establish WSP as the leading engineering and design company in the United States by scale.

The acquisition strengthens WSP's services in power and energy while expanding expertise in water management, infrastructure development, and environmental consulting.

TRC Companies, located in Windsor, Connecticut, employs 8,000 professionals and provides engineering and advisory support to prominent utility operators. It is presently majority-held by investment funds under Warburg Pincus.

WSP highlighted that the integration will align with high-growth areas, broaden client networks, and improve delivery across project stages. Additional benefits include opportunities for combined service offerings in power systems, environmental management, and strategic guidance.

Expected operational efficiencies are projected to surpass 3% of TRC's net revenues, which reached $1.2 billion for the fiscal year concluding June 30, 2025.

Alexandre L’Heureux, president and chief executive officer of WSP said, "Joining forces will position our business for accelerated organic growth and create an integrated platform with industry-leading capabilities in advisory, engineering, and program management. With TRC's highly complementary expertise in power delivery, transmission, distribution, and advisory services, our combined offering will cover the entire utility and infrastructure value chain.

"Together, we are poised to deliver more complex projects and offer expanded end-to-end services to help solve our clients' critical needs, from aging infrastructure to grid modernisation and electrification."

Christopher P. Vincze, chairman and chief executive officer of TRC, said, "The joining of our two firms will create significant and exciting opportunities for our people, our clients and the communities in which we live and work. With TRC's innovative, technology-oriented power business, underscored by an advanced use of digital, we will significantly strengthen WSP's Power & Energy offering.

The deal follows WSP's earlier purchase in June of UK-based Ricardo for £363 million, aimed at reinforcing capabilities in energy, environment, and rail sectors.

For its 2024 fiscal year, WSP recorded revenues of C$16.2 billion ($11.6 billion), with 43% derived from operations in the United States and Latin America.

This combination merges complementary strengths, creating a comprehensive provider capable of addressing full-spectrum requirements in utility modernization and sustainable infrastructure.

TRC's focus on transmission, distribution, and digital tools enhances WSP's existing portfolio, enabling more integrated solutions for large-scale initiatives.

Clients stand to gain from broadened expertise spanning planning, design, execution, and ongoing management.

The enlarged U.S. presence positions the merged entity to capture demand driven by infrastructure renewal and energy transition projects.

Synergies in cost structure support efficient scaling while maintaining service quality across expanded operations.

WSP's growth strategy emphasizes targeted acquisitions that add specialized knowledge and geographic reach.

By incorporating TRC's workforce and client base, the company advances its objective of delivering holistic services in dynamic markets.

The transaction reflects ongoing consolidation in engineering consultancy, where scale facilitates handling of increasingly sophisticated assignments.

Overall, the acquisition equips WSP to offer enhanced value through unified platforms that address evolving client priorities in power systems and related fields.