WSP Acquires Earth Consulting Group and Broadens Its Environmental Consulting Expertise in the United States
February 23 2021 - 5:00PM
WSP Global Inc. (TSX: WSP) (“WSP” or the
“Corporation”) is pleased to announce that it has acquired
Earth Consulting Group, Inc. (“EarthCon”), a 90-employee US-based
environmental and engineering consulting firm.
Aligned with WSP’s 2019-2021 Global Strategic
plan, the acquisition of EarthCon adds highly specialized technical
expertise in remediation to WSP’s existing suite of services. It
also further strengthens WSP’s capabilities in strategic
environmental engineering and consulting services, compliance, due
diligence, and data management, while expanding its geographic
presence in the southeastern United States. In addition, WSP’s
clients will have access to EarthCon’s proprietary
Groundwater Plume Analytics® tools, which process simple or complex
numerical data sets into easy-to-understand graphics, helping
governmental agencies and industrial clients better understand
groundwater plume behavior.
By drawing on EarthCon’s expertise and local
presence, this acquisition will expand our service offering and
value for our clients in the United States, while also highlighting
our commitment to sustainability, ESG matters, and to our
fast-growing Earth & Environment Sector,” noted Alexandre
L’Heureux, WSP’s President and Chief Executive Officer.
“This transaction will enable us to fulfill our
strategic ambitions of further strengthening our activities in the
Southeast Region of the United States, while continuing to build on
our position as a leading Earth & Environment services
consulting firm,” added Lou P. Cornell, President and CEO of WSP
USA.
Commenting on the transaction, EarthCon’s Chief
Executive Officer, Earl Scott said: “Joining WSP will present
exciting opportunities for our employees and clients. We look
forward to leveraging WSP’s broad national
and international networks to better serve our clients
and offer greater opportunities for our people.”
ABOUT EARTHCON Launched in 1998,
EarthCon is an environmental and engineering consulting firm with
approximately 90 scientists, engineers, data management specialists
and field technicians. Headquartered in Atlanta, Georgia, USA, with
additional offices in Memphis, TN; Jackson, MS; Anaheim, CA;
Houston and Corpus Christi, TX, EarthCon specializes in multi-media
assessment and remediation, compliance and permitting, civil and
environmental engineering, due diligence, and innovative and
proprietary Groundwater Plume Analytics® tools.
ABOUT WSP As one of the
world’s leading professional services firms, WSP provides
engineering and design services to clients in the Transportation
& Infrastructure, Property & Buildings, Environment, Power
& Energy, Resources and Industry sectors, as well as offering
strategic advisory services. WSP's global experts include
engineers, advisors, technicians, scientists, architects, planners,
environmental specialists and surveyors, in addition to other
design, program and construction management professionals. Our
talented people are well positioned to deliver successful and
sustainable projects, wherever clients need us. For more
information about WSP, please visit wsp.com.
FORWARD-LOOKING
STATEMENTS Certain information regarding WSP
contained herein may constitute forward-looking statements.
Forward-looking statements may include estimates, plans,
objectives, expectations, opinions, forecasts, projections,
guidance, outlook or other statements that are not statements of
fact, including statements regarding the sufficiency of WSP’s
liquidity and working capital requirements for the foreseeable
future. Forward-looking statements made by the Corporation in this
press release are based on a number of assumptions believed by the
Corporation to be reasonable as at February 23, 2021,
including assumptions about general economic and political
conditions; the state of the global economy and the economies of
the regions in which the Corporation operates; the state of and
access to global and local capital and credit markets; the
anticipated impacts of the COVID-19 pandemic on the Corporation’s
businesses, operating results, cash flows and/or financial
condition, including the effect of measures implemented as a result
of the COVID-19 pandemic. Although WSP believes
that the expectations reflected in such forward-looking statements
are reasonable, it can give no assurance that such expectations
will prove to have been correct. These statements are subject to
certain risks and uncertainties and may be based on assumptions
that could cause actual results to differ materially from those
anticipated or implied in the forward-looking statements, including
risks relating to the COVID-19 pandemic. WSP's forward-looking
statements are expressly qualified in their entirety by this
cautionary statement. The complete version of the cautionary note
regarding forward-looking statements risk factors, which, if
realized, could cause the Corporation's actual results to differ
materially from those expressed or implied in forward-looking
statements, are included in the amended Management’s
Discussion and Analysis for the year ended December 31, 2019 and
the Management’s Discussion and Analysis for the quarter ended
September 26, 2020, which are available on SEDAR at www.sedar.com.
The forward-looking statements contained in this press release are
made as of the date hereof and WSP does not assume any obligation
to update or revise any forward-looking statements, whether as
a result of new information, future events or otherwise unless
expressly required by applicable securities laws.
FOR ADDITIONAL INFORMATION, PLEASE
CONTACT: Alain Michaud Chief
Financial Officer WSP Global
Inc. alain.michaud@wsp.com Phone:
438-843-7317
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