Montreal-based WSP to buy U.S. engineering firm LBG
The purchase will add 150 workers to the Canadian company's U.S. operations and boost its water and environmental business
MONTREAL—Quebec-based WSP Global Inc. is extending its reach in the U.S. water and environmental engineering sector.
The infrastructure company said Sept. 1 it will acquire Leggette, Brashears and Graham Inc., or LBG, a Shelton, Connecticut-based company that employs 150.
WSP did not release the terms of the deal, but said it will finance the purchase through cash and available credit.
“The addition of LBG to the WSP team, along with the 2016 acquisition of Schlumberger Water Services, further strengthens our market share in the water and environment sectors, while expanding our engineering and consulting services to private, municipal and federal clients,” said Gregory Kelly, president and CEO of WSP’s business in the U.S. and Latin America.
The Canadian company said the deal aligns with its strategic plan and that its American water and environmental business now comprises 600 workers at 40 locations across the country.
LBG has a more than 70 year track record and specializes in groundwater and surface water modeling, dewatering and depressurization and environmental investigation, among other areas.
Montreal-based WSP has grown significantly through acquisitions over the past five years, most notably its US$1.35 billion purchase of Parsons Brinckerhoff in 2014.