M&A Deal Summary

WSP Acquires Parsons Brinckerhoff Group

On September 3, 2014, WSP acquired engineering company Parsons Brinckerhoff Group from Balfour Beatty WorkPlace for 1.2B USD

Acquisition Highlights
  • This is WSP’s 3rd transaction in the Engineering sector.
  • This is WSP’s largest (disclosed) transaction.
  • This is WSP’s 1st transaction in the United States.
  • This is WSP’s 1st transaction in New York.

M&A Deal Summary
Date 2014-09-03
Target Parsons Brinckerhoff Group
Sector Engineering
Buyer(s) WSP
Sellers(s) Balfour Beatty WorkPlace
Deal Type Divestiture
Deal Value 1.2B USD

Target

Parsons Brinckerhoff Group

New York, New York, United States
Parsons Brinckerhoff is a professional services firm with a network of approximately 170 offices and nearly 13,500 employees on five continents. The firm is a premier infrastructure consultancy providing services in transportation, power, energy, community development, water, mining and environment segments.

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Buyer(S) 1

Buyer

WSP

Montreal, Quebec, Canada
Category Company
Founded 1885
Sector Business Services
Employees47,100
Revenue 14.4B CAD (2023)
DESCRIPTION

WSP Global is a professional services firm based in Canada, providing engineering and design services as well as consultancy services across various sectors. The company 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. Their expertise covers the complete lifecycle of projects, from initial concept and feasibility studies through to design, construction, operation, and maintenance. WSP was founded in 1885 and is based in Montreal, Quebec.

DEAL STATS #
Overall 5 of 29
Sector (Engineering) 3 of 15
Type (Divestiture) 1 of 5
State (New York) 1 of 2
Country (United States) 1 of 7
Year (2014) 3 of 5
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-30 Technip TPS S.A.S.

Paris, France

Technip TPS S.A.S. is a provider of engineering services to design and supervise a variety of work in the public and private sectors in France and abroad.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-06 Texas Energy Engineers

Houston, Texas, United States

Texas Energy Engineers, Inc. (dba ccrd) is an engineering firm of 200 people headquartered in Houston, Texas. ccrd is a well-established and recognized leading building systems provider with a strong market position in the healthcare and science & technology sectors. ccrd is a leading MEP (mechanical, electrical and plumbing) engineering and commissioning firm with a focus on providing innovative and technically advanced engineering and energy solutions for complex facilities.

Buy -

Seller(S) 1

SELLER

Balfour Beatty WorkPlace

London, United Kingdom
Category Company
Founded 1816
Sector Business Services
DESCRIPTION

Balfour Beatty WorkPlace Ltd (BMS), lifecycle management, planned preventative and reactive maintenance, fabric and grounds maintenance, and gates and barriers; and lifts, hoists, and conveyance systems.

DEAL STATS #
Overall 1 of 1
Sector (Engineering) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-01 Power Efficiency

Sidcup, United Kingdom

Power Efficiency Ltd is a provider energy procurement and carbon reduction consultancy services.

Buy -
Mergr

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