Jacobs bags CH2M in $3.27bn deal

Transportation infrastructure firm Jacobs has bought engineering consultancy CH2M HILL in a cash and stock transaction worth $3.27 billion, including some $416 million of CH2M net debt.

The combination unites companies with “complementary capabilities, cultures and relationships, resulting in a differentiated, end-to-end value proposition for clients and an enhanced platform for sustainable, profitable growth,” said CH2M.

CH2M chairman and chief executive, Jacqueline Hinman said: “Since late 2014, we’ve been transparent about our plans to pursue an ownership transition, providing sustained access to capital for growth.