Services firm WSP Global said on Monday it will acquire U.S. power and energy firm TRC Companies in a $3.3 billion all-cash deal.
A surge in power consumption from data centers dedicated to artificial intelligence workloads and cryptocurrency mining has raised interest in the power sector.
WSP Global said the proposed acquisition will position it as the largest engineering and design firm in the U.S., growing its power and energy sector, which would contribute to 34% of its U.S. revenue.
TRC Companies, majority-owned by funds managed by Warburg Pincus, is an engineering, consulting and advisory firm with a particular focus on power and energy, utilities, environmental services and program management.
The deal is expected to be low- to mid-single-digit percentage accretive to WSP’s adjusted net earnings per share before synergies.
The transaction is expected to be completed in the first quarter of 2026.
Source: Economic Times