COMPANY NEWS
Jacobs acquires Jordan, Jones and Goulding Feb 2010
Jacobs acquires Jordan, Jones and Goulding Feb 2010
Jacobs Engineering News Release
- Jacobs Engineering Group Inc (tickertape JEC on the New York Stock Exchange) announced today its acquisition of Jordan, Jones and Goulding, Inc (JJG), the 500-person professional services firm based in Atlanta, Georgia. JJG significantly expands Jacobs' position in the North American water and wastewater market, and broadens the company's strong position in the global aviation, transit, and transportation infrastructure markets.
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- The terms of the transaction are not disclosed. Founded in 1958, JJG has 17 offices across the southern United States and is a highly respected company that provides engineering, planning and consulting services to water, wastewater, environmental and other clients. The addition of JJG to Jacobs gives both companies the ability to provide comprehensive water solutions for clients, from assessments, planning, and design of new systems to the expansion and upgrade of existing systems.
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- In making the announcement, JJG President and Chief Executive Officer Don Allen said: "We expect our employees and clients to benefit greatly from us joining Jacobs. Combining our capabilities with a company that shares our values allows our employees to continue to grow and provides a larger platform to better serve our clients."
- Jacobs President and Chief Executive Officer Craig Martin said: "JJG has a very talented team. Their expertise in water infrastructure is not only a great complement to Jacobs strengths, but it also positions us for growth." Martin went on to say: "Like many other challenges resulting from the aging infrastructure worldwide, water and wastewater is a critical concern. This acquisition boosts our global capabilities to support public and private clients with the water solutions they urgently need."
- From its headquarters in Pasadena, California, publicly listed company Jacobs Engineering is one of the world's largest and most diverse providers of technical, professional, and construction services.
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