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Jacobs' $2.85B Buyout Of Rival CH2M Will Create A Global Engineering Giant

London

Dallas-based Jacobs Engineering Group will acquire rival CH2M Hill Cos. for $2.85B in a deal that will create one of the largest engineering and building consultancy firms in the world.

The combined firms will have revenue of $15B, trailing close behind Aecom, one of the largest engineering firms in the world, which has revenue of $17B.

Jacobs said the deal would allow it to increase its presence in the growing markets of high-value infrastructure and government services.

Denver-based CH2M is involved in one such project in the U.K. — it is a key contractor in  the refurbishment of the Palace of Westminster, which could cost up to £4B. 

The deal values CH2M at an enterprise value of $3.27B, including debt.

Related Topics: CH2M, Jacobs Dallas