WSP to Acquire TRC Cos. for $3.3B to Expand Power Sector Position

WSP Global Inc. of Montreal will acquire U.S.-based TRC Cos. Inc. for $3.3 billion in cash, with the deal expected to close in Q1 2026. This acquisition, supported by Caisse de Depot et Placement du Quebec, Canadian Imperial Bank of Commerce, and JPMorgan Chase & Co., aims to bolster WSP's presence in the power and data center sectors, adding approximately 8,000 employees.

The purchase price reflects 14.5 times TRC's adjusted net earnings for the fiscal year ending June 30, 2025. Following this acquisition, WSP will have a global workforce of 27,000 and projected net revenue of $7.2 billion for 2025.

WSP's previous acquisition of Power Engineers for $1.78 billion last year further strengthened its energy market position. The integration will enhance capabilities across the utility and infrastructure value chain, focusing on power generation and environmental solutions.