Jacobs Engineering Group Inc. (JEC) and CH2M HILL Companies Ltd have entered into a definitive agreement under which Jacobs will acquire all of CH2M’s outstanding shares in a cash and stock transaction with an enterprise value of approximately USD $3.27 billion, including approximately USD $416 million of CH2M net debt.
CH2M has trailing 12 month revenues of USD $4.4 billion and a team of 20,000 employees. Applying its advanced design, technical and program management expertise across Jacobs’ global footprint will allow the combined company to deliver more solutions to more clients in the oil and gas industry.
“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.