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WSP Global
Fresh out the oven! Check out my research into WSP Global, $WSP.TO, a global leader in engineering and infrastructure consulting, growing through steady, balanced acquisitions across the globe and organic net revenue growth.

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Locating one definitive point in history that marks the founding of WSP Global is difficult; with a long history of global acquisitions, reorganizations, and consolidation, WSP’s history is scattered and its timeline into the modern day confusing. As investors, this scarcely matters to us; the short story is that WSP, an engineering consulting firm which was then called Genivar, went public on the TSX (Toronto Stock Exchange) in 2006 after decades of growth through strategic acquisitions and mergers. Starting as a small Quebec-based engineering firm, the company was able to build out a vast toolbox of infrastructure services through this growth strategy, and each tool they added expanded their capabilities to serve various sectors, from transportation and energy to the environment and industry.

And that strategy didn’t stop when they came public; just 6 years later, Genivar acquired UK-based WSP and adopted the brand, reorganizing as the company we know today; WSP Global, a global professional services and consulting firm with expertise in planning, design, management, and engineering across a wide array of infrastructure sectors, including building, transport, industrial, energy, water, and environment sectors. Since going public, shares have steadily compounded at an 18% CAGR, easily exceeding the ~10% mark of the benchmark S&P 500 over that same period. This growth is in large part due to the continued expansion of the business through, you guessed it, yet more acquisitions. This strategy has served them well; today the company has:

  • Global Presence - Operations in APAC, AMER, EMEA, with over 50 offices globally

  • Massive Workforce - More than 68K employees (+10.9K in 2022)

  • Multidisciplinary Expertise - Top 10 ranking in eight markets

WSP’s massive footprint across both globe and industries alike means that, regardless of where you are in the world, there’s a good chance that WSP had something to do with the city skyline you're gazing out on, or the bridge that you traveled on to get to work this morning, or the sewage that your daily constitutional traveled down. It’s a reminder that behind every structure is a team of hands and minds at work to shape our world.

And that’s exactly what WSP intends to do; their guiding vision is to “future-proof” the world’s increasingly populated cities and environments against warming temperatures, rising sea levels, and heightening climate risks. By staying ahead of the trends transforming the world - geopolitical contexts, decarbonization, technology & digitization, and community-oriented solutions - WSP considers the drivers, disruptors, and developments that go into consistently delivering future-proof project outcomes. The company envisions their solutions addressing the growing need for sustainable solutions across industries and facets of society, designing for the future, and ultimately building communities where populations can thrive for generations to come.
Read the rest here.
www.hourglassnetwork.ca
WSP Global
Buy, Grow, Expand. Rinse & Repeat. A Rollup of Engineering and Consulting Firms.

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