WSP secures $62.5 mln from Caisse de dépôt to support MMM deal

The Caisse de dépôt et placement du Québec has invested $62.5 million in WSP Global Group Inc, an engineering services provider based in Montréal. The investment is intended to faciliate WSP’s proposed acquisition of MMM Group Ltd, a Canadian engineering consulting business. The deal, which is priced at about $425 million, will strengthen WSP’s presence in domestic transportation and infrastructure sectors and enhance its expertise in public-private partnerships, the Caisse said. The Caisse has invested some $420 million over the past four years in support of WSP’s growth strategy. In 2014, it and the Canada Pension Plan Investment Board (CPPIB) backed the company’s purchase of Parsons Brinckerhoff.


CDPQ’s new investment in WSP linked to its acquisition of MMM Group

Montréal, August 25, 2015 – Caisse de dépôt et placement du Québec (“CDPQ”) announced today a $62.5-million equity investment in WSP Global Group Inc. (“TSX: WSP”), a global engineering leader, whose head office is in Montréal.

This investment is in connection with the announcement made today by WSP to acquire MMM Group, a Canadian consulting services leader in the engineering industry, with around 20 offices in Canada, including one in Montréal.

“This new investment by la Caisse is consistent with the business relationship we have built with WSP, a global firm well rooted in Québec, to support its growth strategy through acquisition,” said Christian Dubé, Executive Vice-President, Québec. “The acquisition of MMM Group will enable WSP to strengthen its presence in Canada’s transportation and infrastructure sectors and further its expertise in PPPs, particularly in Ontario.”

In addition to this new investment of $62.5 million, CDPQ invested some $420 million over the past four years to allow WSP to broaden its presence on all continents and consolidate its positioning in global markets.


Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at June 30, 2015, it held $240.8 billion in net assets. As one of Canada’s leading institutional fund managers, la Caisse, which marks its 50th anniversary this year, invests globally in major financial markets, private equity, infrastructure and real estate. For more information about la Caisse:

Photo courtesy of MMM Group Ltd