On August 12, Katten client POWER Engineers, Incorporated announced the execution of a definitive merger agreement pursuant to which it will be acquired by WSP Global Inc., a premier global professional consulting firm, for $1.78 billion.
Founded in 1976, POWER specializes in providing integrated solutions for clients in the power delivery, power generation, food and beverage, government, renewables and storage, campus energy, chemicals, and oil and gas industries. POWER is employee-owned with 50 offices and more than 4,000 employees across North America.
The Katten team spanned several offices and was led by Mergers and Acquisitions and Private Equity Partners Jessica Schauwecker, Bret Diskin and David Kravitz, and Capital Markets Partners Jonathan Weiner and Mark Wood. The team included Mergers and Acquisitions and Private Equity Partners Michelle Gyves and Dilen Kumar; Transactional Tax Planning Partner Todd Hatcher; Employee Benefits and Executive Compensation Partners Mitchel Pahl and Kate Saracene; Antitrust and Competition Partner Jonathan Rotenberg; Intellectual Property Partner Sean Wooden; Privacy, Data and Cybersecurity Partner Trisha Sircar; Environmental Partner Nancy Rich; and Mergers and Acquisitions Litigation Partner James Bookhout.
- "POWER signs merger agreement with WSP," POWER Engineers Press Release, August 12, 2024
- "WSP to Acquire Power Engineers Setting a Milestone for Accelerated Growth," WSP Press Release, August 12, 2024
- "WSP Global announces US$1.78-billion deal to buy Power Engineers," MarketScreener, August 12, 2024
- "WSP Global to Acquire Consulting Firm Power Engineers for $1.78B," MarketWatch, August 12, 2024
- "WSP Global to buy Power Engineers for $1.78 billion," Reuters, August 12, 2024
*Subscription may be required for article access.