Caisse de dépôt, CPPIB back another major WSP acquisition - the $366 mln buy of Focus
Montréal professional services consultant WSP Global is in acquisition-based growth mode. And the public company's two largest investors, the Caisse de dépôt et placement du Québec and Canada Pension Plan Investment Board, are once again stepping up to help fund its deal-making. WSP has announced plans to buy Focus Corp, a Calgary-based provider of engineering and geomatics services to clients in the oil and gas industry. The price tag: just over $366 million. To finance the transaction, WSP will rely in part on the Caisse de dépôt and CPPIB, to make a private investment totaling $80 million.
13 March 2014•2 mins read
