Jacobs Announces Acquisition of Compass Technology Services, Inc.

06/14/2013

Enhances Wireless Telecommunications Capabilities

PASADENA, Calif. -- (BUSINESS WIRE) -- Jun. 4, 2013 -- Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it has acquired Compass Technology Services, Inc. (Compass) headquartered in Atlanta, Ga.

The acquisition of Compass enhances Jacobs’ capabilities in wireless telecommunications infrastructure design and construction; both geographically and by adding additional capabilities to serve the wireless telecommunications industry. For over a decade, Compass has been a major provider of telecommunications professional and field services in the Southeastern U.S.

In making the announcement, Jacobs Group Vice President Kevin McMahon stated, "We are pleased to acquire this solid business with a history of good performance. Compass' talented employees and strong client relationships align well with our relationship-based business model. This acquisition allows us to further diversify our services and drive greater growth in our telecommunications business."

Compass’ Chief Executive Officer JC Massey said, "Compass is excited to be joining Jacobs. This acquisition takes advantage of our shared client base and increases our capabilities in the fast growing telecommunications marketplace. With Jacobs, we have access to a much wider resource base that enables us to enhance our services for clients as well as provide more opportunities for our employees."

Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.

Statements made in this release that are not based on historical fact are forward-looking statements. We base these forward-looking statements on management’s current estimates and expectations as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our 2012 Form 10-K, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We do not undertake to update any forward-looking statements made herein.

Source: Jacobs Engineering Group Inc.

Jacobs Engineering Group Inc.
John W. Prosser, Jr.
Executive Vice President, Finance and Administration
626.578.6803

Statements that are not based on historical fact are forward-looking statements.   Although such statements are based on management’s current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain.  We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in our forward-looking statements.

For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our 2009 Form 10-K, and in particular the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We caution readers that we do not undertake to update any forward-looking.