August 12, 2024
BCI is pleased to announce that we have agreed to invest an additional C$125 million in WSP Global Inc. (TSX: WSP) through a private placement of subscription receipts to partially finance WSP’s announced acquisition of POWER Engineers.
“We are pleased to support WSP with their announced acquisition of POWER Engineers,” said Jeff Morris, CFA, Senior Managing Director, Active Equities at BCI. “WSP is a Canadian champion and global leader in the engineering and consulting industry. The proposed acquisition propels WSP to a top position within the North American power and energy engineering industry – adding another pillar of growth for the company in an area that is critical to the global energy transition. We believe the acquisition is both strategically and financially compelling, and expect WSP’s growth will continue to create value for our clients.”
