Warburg Pincus Makes Growth Investment in TRC Companies

WSP Global Completes Acquisition of TRC Companies

December 15, 2025

Professional Services

WSP Global Inc. has completed its previously announced acquisition of TRC Companies, a U.S. engineering and consulting firm focused on power and energy solutions, for an all-cash deal valued at about US$3.3 billion (reported as ~US$4.5 billion in some coverage). The acquisition adds roughly 8,000 TRC professionals and expands WSP’s Power & Energy platform across the full infrastructure lifecycle, including engineering, advisory, program management, water, environment, and digital solutions.

Warburg Pincus and Berkshire Partners Acquire TRIUMPH for $3 Billion

February 3, 2025

Aerospace & Defense

Affiliates of private equity firms Warburg Pincus and Berkshire Partners agreed to acquire Triumph Group, Inc. in an all-cash transaction valuing the company at approximately $3.0 billion ($26.00 per share). The deal was announced in February 2025, will take TRIUMPH private upon closing (expected in H2 2025) and closed in July 2025, with Jorge L. Valladares III named CEO as the company transitions to private ownership to accelerate growth and expand capabilities in aerospace and defense.

Warburg Pincus Makes Minority Investment in United Trust Bank

December 12, 2024

Financial Services

Warburg Pincus has agreed to acquire a minority equity interest in United Trust Bank (UTB), valuing the specialist UK banking group at approximately £520 million. The growth capital investment — subject to regulatory approvals — will support UTB's continued expansion into new products and balance-sheet growth; UTB serves ~60,000 deposit customers with assets approaching £4 billion.

Warburg Pincus Makes Preferred Equity Investment in Service Compression

January 17, 2024

Oil & Gas

Warburg Pincus, through its Capital Solutions Founders Fund, made a preferred equity investment in Service Compression to refinance existing borrowings and provide growth capital. The financing — paired with a new J.P. Morgan-led credit facility and additional shareholder capital — will be used to repay prior borrowings and expand Service Compression's fleet, including electric compression units to support customers' ESG initiatives.

Warburg Pincus (via Canyon Trail) Acquires Majority Stake in Watertec India

June 27, 2023

Building Products

Canyon Trail Investments B.V., an affiliate of Warburg Pincus, has acquired a majority stake in Watertec India Private Limited, a Coimbatore-based polymer bath-fittings manufacturer and brand. The investment will support Watertec’s growth — expanding product portfolio, strengthening brand equity, and broadening geographic reach across Tier 2/3 and rural India; Mathew Job will join as Executive Chairman.

Warburg Pincus Invests Approximately $200M in Indecomm Digital Services

August 13, 2019

IT Services

An affiliate of Warburg Pincus committed approximately $200 million to Indecomm Digital Services, a Scottsdale-headquartered product engineering and digital experience services company. The growth investment will support Indecomm's global expansion, strengthen R&D capabilities, and accelerate organic and inorganic growth.