On December 3, 2020, WSP announced it has entered into an agreement to acquire Golder Associates Corporation for $1.5 billion. The acquisition will create the leading global environmental consulting firm and positions WSP’s strategic environment platform to capitalize on environmental, social and governance trends. The transaction also aligns with WSP’s strategic plan and is anticipated to contribute strategic growth and value creation. The acquisition will be funded through $310 million in private placements which includes $260 million by GIC and $50 million from BCI, and the remaining $1.2 billion through new bank debt.
WSP is a one of the world’s leading professional services firms specializing in offering strategic advisory services and providing engineering and design services to clients in the Transportation & Infrastructure, Property & Buildings, Environment, Power & Energy, Resources and Industry sectors.
Golder Associates Corporation is a private, employee-owned engineering and consulting firm focused on the geosciences sector. Golder specializes in providing engineering, remediation, regulatory & compliance, design and environmental services to its clients in the mining manufacturing, oil & gas, power and infrastructure industries.
Osler, Hoskin & Harcourt LLP advised Golder Associates Corporation with a team consisting of Frank Turner, Heidi Wong, Justin Sherman, Jacob Young, Allan Morgan, Storme McKop (Corporate), Colena Der, Paul Seraganian, Edward Rowe, Andrew Granek (Taxation) and Kaeleigh Kuzma (Regulatory).