BY KATE WUTZ

POWER Engineers, Inc. shareholders have voted to approve the company merger with premiere professional consulting firm WSP.   

“POWER and WSP are both very enthusiastic about the strong support shown for the merger,” said POWER Chief Executive Officer Jim Haynes. “Our shareholders showed that they have confidence in the fact that WSP and POWER can go further together.”  

The merger is anticipated to close in early Q4, though the deal is still subject to regulatory review in the United States. The merger would significantly expand WSP’s global Power and Energy sector, which will operate under the POWER brand for the foreseeable future. This sector will be headed by POWER Chief Operating Officer Holger Peller, who will join WSP’s global leadership team.   

POWER has been an employee-owned company since 1998, when ownership transitioned from the original three founders. WSP has roots as an employee-owned firm before it became a publicly traded company in 2006. Currently, WSP employs more than 69,300 people globally in sectors spanning transportation, infrastructure, environment, building, energy, water, and mining.   

AEC Advisors is acting as POWER’s exclusive financial advisor on the transaction. Katten Muchin Rosenman LLP is serving as POWER’s legal advisor.  

POWER Engineers is a global consulting engineering and environmental firm specializing in integrated solutions for clients in the energy, renewables, food and beverage, government, agribusiness and oil and gas industries. Founded in 1976, we are an employee-owned company with 50 offices and more than 4,000 employees across North America.

WSP, exists to future-proof cities and the environment through strategic advisory, engineering and design services for clients seeking sustainable solutions in the transportation, infrastructure, environment, building, energy, water and mining sectors.