Global design and professional services giant WSP Global Inc. has secured a $1.8-billion deal to purchase the environment and infrastructure consulting business of Wood Group, enabling it to add 5,500 employees for a workforce total of about 20,000 and $830 million in revenue for its earth and environmental practice, the Montreal-based firm said.
The purchase value of the transaction, which is set to close in the fourth quarter, represents around 14.6 times the earnings before interest, taxes, depreciation and amortization (EBITDA) of Wood’s environment and infrastructure (E&I) business, WSP Global said in its June 1 announcement.