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Louis Berger to be acquired for $400M

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Louis Berger employees participate on the Casa del Amparo restoration project in Puerto Rico earlier this year.
Louis Berger employees participate on the Casa del Amparo restoration project in Puerto Rico earlier this year. - ()

Morristown-based global professional services corporation Louis Berger has entered into a $400 million agreement to be acquired by Canadian engineering company WSP Global Inc.

WSP said this pending acquisition, which is expected to be completed by Dec. 31, will add 5,000 people to its workforce. WSP provides technical expertise and strategic advice to clients in the transportation, infrastructure, environmental and energy sectors.

The purchase price will be financed by an underwritten term loan.

WSP intends to acquire Louis Berger to strengthen its presence in the U.S., Spain, France, the Middle East and Latin America.

Louis Berger anticipates playing an active role in the development and growth of WSP’s multidisciplinary activities. Louis Berger President and CEO Jim Stamatis said the merger will create new opportunities for employees and clients.

Greenhill & Co. acted as financial advisors and Kirkland & Ellis legal advisors to Louis Berger.

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David Hutter

David Hutter


David Hutter grew up in Darien, Conn., and covers higher education, transportation and manufacturing for NJBIZ. He can be reached at dhutter@njbiz.com.

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