​WSP Global Inc. completes US$1.3 billion acquisition of Parsons Brinckerhoff Group Inc. from Balfour Beatty PLC

Date Closed: 10/31/2014

Value: US$1,310.2 million

On October 31, 2014, WSP Global Inc. (WSP or the Corporation) completed the acquisitions of all issued and outstanding capital stock of the entities comprising the business of Parsons Brinckerhoff Group, the professional services division of Balfour Beatty plc, for a purchase price of approximately US$1,310.2 million, which was paid in cash, included preliminary working capital adjustments and cash retained by Parsons Brinckerhoff of US$85.5 million, but excluded debt.

Balfour Beatty plc, headquartered in London, England is an international infrastructure group.

WSP, headquartered in Montreal, Quebec is an engineering firm.

BLG represented Balfour Beatty plc as Canadian counsel with a team led by Gordon Raman and  Andrew Harrison that included Subrata Bhattacharjee, Olivier Tardif and Rick Coburn.