WSP to Buy Warburg-Owned Engineering Firm for $3.3 Billion (1)

Canada’s WSP Global Inc. reached a deal to buy a US engineering firm from Warburg Pincus LLC with the financial backing of its largest shareholder, Quebec’s public pension fund.

WSP will pay $3.3 billion in cash for Windsor, Connecticut-based TRC Companies Inc., which sells engineering and consulting services to electrical utilities, energy firms and other customers, according to a statement Monday. The Montreal-based company said the transaction would position it as the largest engineering and design firm in the US, building on a series of earlier acquisitions.

It’s the latest in a string of deals that has turned WSP ...