M&A Deal Summary |
|
|---|---|
| Date | 2025-12-15 |
| Target | TRC |
| Sector | Engineering |
| Buyer(s) | WSP |
| Sellers(s) | Warburg Pincus |
| Deal Type | Add-on Acquisition |
| Deal Value | 3.3B USD |
| Advisor(s) | Harris Williams UBS Investment Bank AEC Advisors Houlihan Lokey (Financial) Paul, Weiss, Rifkind, Wharton & Garrison (Legal) |
SEARCH BY
| Category | Company |
|---|---|
| Founded | 1885 |
| Sector | Business Services |
| Employees | 73,000 |
| Revenue | 16.2B CAD (2024) |
WSP Global is a professional services firm providing engineering and design services as well as consultancy services across various sectors. WSP operates in fields such as buildings, transportation, infrastructure, environment, water, energy, and resources. WSP offers strategic advisory, planning, engineering, and project management services to clients ranging from governments and municipalities to private businesses and international organizations. WSP was founded in 1885 and is based in Montreal, Quebec.
| DEAL STATS | # |
|---|---|
| Overall | 32 of 32 |
| Sector: Engineering M&A | 16 of 16 |
| Type: Add-on Acquisition M&A Deals | 27 of 27 |
| State: Connecticut M&A | 2 of 2 |
| Country: United States M&A | 8 of 8 |
| Year: 2025 M&A | 3 of 3 |
| Size (of disclosed) | 1 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-06-11 |
Ricardo
Shoreham-by-Sea, United Kingdom Ricardo is a strategic engineering and environmental consultancy that specializes in the transport, energy, and scarce resources sectors. Its work extends across a range of market sectors including passenger cars, commercial vehicles, rail, defense, motorsport, energy, and environment, and possesses a client list that includes transport operators, manufacturers, energy companies, financial institutions, and government agencies. Ricardo was founded in 1915 and is based in Shoreham-by-Sea, England. |
Buy | £363M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1966 |
| PE ASSETS | 83.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 264 of 265 |
| Sector: Engineering M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 96 of 97 |
| State: Connecticut M&A | 2 of 2 |
| Country: United States M&A | 149 of 150 |
| Year: 2025 M&A | 13 of 14 |
| Size (of disclosed) | 7 of 67 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-11-25 |
Topcast
Hong Kong, China Topcast connects suppliers with customers in all segments of aviation including airlines, Maintenance, Repair, and Overhaul (MRO) service providers and Original Equipment Manufacturers (OEMs). Topcast operates as an extension of the suppliers offering not only aftermarket support, but also the development of new businesses for its principals. The company also provides technical support and maintenance services and distribution of industrial cables and wires. Topcast was founded in 1991 and is based in Hong Kong, China. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-12-17 |
Softeon
Reston, Virginia, United States Softeon is a provider of supply chain solutions from planning through execution, anchored by our Warehouse Management System (WMS) and Distributed Order Management (DOM) solutions. Softeon's solution platform is engineered to reduce complex problems into simple solutions for a faster time to market and lower the cost of ownership. Softeon was founded in 1999 and is based in Reston, Virginia. |
Sell | - |
