Jacobs Engineering Group Inc. and CH2M HILL Companies Ltd. have entered into a definitive agreement under which Jacobs will acquire all of the outstanding shares of CH2M in a cash and stock transaction with an enterprise value of approximately $3.27 billion.
The combination unites two industry-leading, innovative companies with complementary capabilities, cultures and relationships, resulting in an enhanced platform for sustainable, profitable growth. Applying CH2M’s advanced design, technical and program management expertise across Jacobs’ global footprint will enable the combined company to deliver more solutions to more clients in both the government and private sector.
“By increasing our industry reach and adding to our already extensive skills, this transaction enhances our value to our clients and bolsters Jacobs’ position as a premier consulting, design, engineering, construction, and operations and maintenance technical services firm,” said Steve Demetriou, Jacobs’ chairman and CEO.
For more information, visit www.jacobs.com or call Mendi Head at (214) 920-8015.