WSP Global to acquire U.S.-based TRC Companies in an all-cash deal valued at $4.5B

The WSP Global Inc. logo is seen in Toronto on Sunday, Sept. 1, 2024. THE CANADIAN PRESS/Sean Vokey

WSP Global Inc. 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 Canadian) 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.

This report by The Canadian Press was first published Dec. 15, 2025.