WSP acquires U.S.-based groundwater/environmental firmCompanies & People environmental remediation groundwater WSP
Leggette, Brashears and Graham is a 150-employee groundwater and environmental engineering services firm headquartered in Shelton, Connecticut.
Founded in 1944, LBG has 17 regional offices across the U.S., and the company claims to be the first consulting firm in the U.S. to specialize in groundwater geology.
For WSP, LBG adds a long-standing expertise in hydrogeology, groundwater and surface water modeling, dewatering and depressurization, environmental investigation and remediation to the company’s engineering portfolio.
“The addition of LBG to the WSP team, along with the 2016 acquisition of Schlumberger Water Services, further strengthens our market share in the water and environment sectors, while expanding our engineering and consulting services to private, municipal and federal clients,” noted Gregory A. Kelly, president/CEO of WSP in the U.S and Latin America, in a company release.
With 2016 revenues of $6.38 billion, WSP is a global player and this acquisition, financed using available cash and credit facilities, is aligned with firm’s 2015-2018 Strategic Plan. Following the LBG acquisition, WSP’s water and environment business in the U.S. now includes over 600 employees in 40 locations.