By Elias Schisgall

WSP Global is acquiring TRC Cos. for $3.3 billion in cash.

The global engineering consultancy said Monday that the purchase of TRC, a Connecticut-based firm that focuses on energy and infrastructure consulting, is initially expected to be accretive to adjusted earnings per share in the low- to mid-single digits.

The deal will be accretive to adjusted EPS in the high-single digits once cost synergies are fully realized, the company added.

WSP said that with the acquisition, it will be the largest engineering and design company in the U.S. It said adding TRC to the portfolio would expand WSP's footprint in the growing power and energy sector, adding that the acquisition is aligned with the company's 2025-2027 Global Strategic Action Plan.

To help finance the acquisition, WSP will issue $732 million in shares in a bought deal public offering, along with $118 million of shares in a private placement to La Caisse.

Those transactions were expected to close on Dec. 22, the company said.

CIBC Capital Markets, BMO Capital Markets, and National Bank Capital Markets are the lead underwriters for the public offering.

WSP also said that CIBC and JP Morgan Chase provided commitments for $3.3 billion in senior unsecured non-revolving term loans.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

December 15, 2025 16:55 ET (21:55 GMT)

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