PE-backed WSP to buy Balfour Beatty's U.S. professional services unit: Reuters

Montréal-based WSP Global Inc said it would buy Balfour Beatty Plc's U.S. professional services division, Parsons Brinckerhoff, for an enterprise value of about US$1.24 billion, to increase its footprint in the U.S. transportation segment, Reuters reported. Long-time WSP investors the Caisse de dépôt et placement du Québec and Canada Pension Plan Investment Board (CPPIB) will contribute to a US$400 million private placement that is intended to help finance the deal.

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