WSP Global Inc. is a Canadian company with American and British roots, providing management and consultancy services to the built and natural environment. It is listed on the Toronto Stock Exchange. After the purchase of New York-headquartered professional services firm Parsons Brinckerhoff in October 2014, WSP Global effectively became one of the largest professional services firms in the world, with approximately 43,600 employees in 500 offices serving in 40 countries.
|TSX: WSP |
S&P/TSX Composite Component
|Industry||Design, Engineering consulting, Environmental consulting, Planning, Professional services|
WSP Group plc
(President and CEO)
|Revenue||C$6.4 billion (2016)|
Number of employees
In 1969 in England, WSP was established by Chris Cole and three other partners trading as the Williams Sale Partnership. In 1976, it was a founder member of the Building Services Research and Information Association (BSRIA). It was first listed on the London Stock Exchange in 1987.
After acquiring three firms and geographical expansion in 1993, the name of the Canadian firm GBGM was changed to GENIVAR.
In the 1990s, the company expanded at home and overseas forming WSP Asia in 1995, incorporating T P O'Sullivan and Partners in 1997, acquiring US practices Cantor Seinuk and Flack + Kurtz in 2000, as well as buying Jacobson & Widmark (J&W) in Sweden in 2001 (J&W was founded in 1938), LT Consultants Oyj and EMP Projects Oyj in Finland in 2003 and, PHB Group in the UAE in 2005.
On 7 June 2012, Genivar Inc. announced that it made a friendly takeover cash offer of £278 million (C$442 million) for WSP Group plc, headquartered in London. The offer was backed by WSP's board of directors as well as investors holding 37% of the company's shares and the take over was completed on 1 August 2012. This merger created a professional services firm with approximately 15,000 employees, working in over 300 offices worldwide.
The company reorganised its corporate structure on 1 January 2014, to create a parent company named WSP Global Inc. and adopted the common brand of WSP.
On 31 October 2014, WSP Global announced that it had completed the purchase of New York-headquartered professional services firm Parsons Brinckerhoff from Balfour Beatty for USD$1.24 billion. The company has a network of approximately 170 offices and nearly 13,500 employees on five continents and became a wholly owned independent subsidiary. Together, WSP | Parsons Brinckerhoff is one of the largest professional services firms in the world with approximately 32,000 employees in 500 offices serving 39 countries.
In early 2015, WSP Global announced the engineering consultancy firm's plans to expand to 45,000 employees by 2020.
In January 2017, WSP | Parsons Brinckerhoff announced that it would assume the name "WSP USA", effective from May 2017.
In July 2018, WSP announced its intention to buy Berger Group Holdings Inc., parent of the group of companies operating under the name of Louis Berger Group, a Morristown, N.J.-based international professional services firm, for $400 million.
In February 2020, WSP announced the acquisition of US-based environmental consulting firm LT Environmental (LTE) which strengthened the firm's expertise in the Environmental sector.
On December 3, 2020, WSP announced the acquisition of Canadian based geotechnical consulting firm Golder for $1.14 billion, which will further strengthen WSP's expertise in the Earth Sciences and Environmental Sector.
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- "Canada's WSP Global makes takeover bid for NZ's Opus International". Stuff.co.nz. 14 August 2017.
- Rubin, Debra. "WSP Global Will Acquire Louis Berger for $400 Million". Engineering News-Record (ENR). BNP Media. Retrieved 22 October 2018.
- "WSP Acquires LT Environmental". Tunnel Business Magazine. 2020-02-03. Retrieved 2020-03-17.
- "WSP to Acquire Golder Creating the Leading Global Environmental Consulting Firm". Yahoo!Finance. 2020-12-03. Retrieved 2020-12-10.
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