Wednesday, August 2, 2017

Jacobs Engineering Buys CH2M Hill For $3.27 Billion

Dallas-based Jacobs Engineering Group said this morning that it will buy CH2M Hill Companies Ltd., a fellow provider of consulting, design, and engineering services, in a deal worth $3.27 Billion. Jacobs said that CH2M stockholders have the option to either receive $88.08 in cash, 1.6693 shares of Jacobs common stock or a mix of $52.85 in cash and 0.6677 shares of Jacobs common stock subject to proration such that the aggregate consideration paid to CH2M stockholders will equal 60% cash and 40% Jacobs common stock. The company said the buy will help bolsters its position as a consulting, design, engineering, construction, and operations and maintenance technical services firm.