WSP Acquires Earth Consulting Group and Broadens Its Environmental Consulting Expertise in the United States
MONTREAL, Feb. 23, 2021 (GLOBE NEWSWIRE) -- 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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