Deal Details
Sale to WSP Global Inc.
Summary
Baird served as financial advisor to the Board of Directors of Ecology & Environment Inc.
About
Ecology and Environment Inc. (“E&E” or the “Company”) (NASDAQ-GM:EEI), recently completed its previously reported acquisition by WSP Global Inc. (“WSP”) (TSX:WSP). Under the terms of the agreement, E&E shareholders received $15.00 per share in cash and a special dividend of $0.50 per share.E&E is an environmental consulting firm that provides professional services to private, public and governmental organizations. Services include engineering, regulatory assessment/compliance, risk assessment, field studies, restoration, impact assessment, IT services and emergency planning and management. The Company operates six wholly-owned and majority-owned subsidiaries across North and South America and has one contract agreement with an engineering company in Chile. E&E is headquartered in Lancaster, New York.
As one of the world's leading professional services firms, WSP provides technical expertise and strategic advice to clients in the Transportation & Infrastructure, Property & Buildings, Environment, Industry, Resources (including Mining and Oil & Gas) and & Energy sectors, as well as offering project and program delivery and advisory services. WSP is headquartered in Montreal, Canada. The closing of the transaction is subject to customary closing conditions, including the approval of E&E’s shareholders and applicable regulatory approvals.
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- Date
- December 2019
- Company
- Ecology and Environment Inc.
- Transaction
- M&A
- Sectors
- Technology & Services
- Target Location
- North America
- Acquiror Location
- North America
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