Acquisition Positions Jacobs in Top Tier of Rail Service Providers in
North America
PASADENA, Calif.--(BUSINESS WIRE)--
Jacobs
Engineering Group Inc. (NYSE:JEC) announced today it completed its
acquisition of J.L. Patterson & Associates (JLP), headquartered in
Orange, California.
Company officials did not disclose the terms of the agreement.
JLP is a consulting and professional services engineering firm
specializing in rail planning, environmental permitting, design and
construction management. It provides services to numerous public transit
agencies and is a major provider of professional consulting services to
Class 1 railroads across the U.S. Jacqueline Patterson, president of
JLP, founded the company in 1990 as a certified Women Business
Enterprise/Disadvantaged Business Enterprise.
The acquisition significantly enhances Jacobs’ overall rail services
capability, positioning the company in the top tier of rail professional
service providers in North America.
JLP's design concentration in the West Coast combined with Jacobs’
national systems resources enables Jacobs to bid for full service
programs in the growing U.S. West Coast rail markets, providing
additional capacity to pursue the anticipated $17 billion commuter
rail/transit capital programs. In particular, the acquisition
increases the company’s capability in supporting planning, design and
construction management for North America’s seven Class 1 railroads.
Jacobs Senior Vice President Buildings and Infrastructure Randy Pierce
stated, "We are delighted to welcome JLP to Jacobs. We are already very
familiar with JLP’s outstanding credentials, having worked closely with
it to deliver rail projects for many years. JLP is a premier
rail company that has grown rapidly to become a recognized leader
in rail consulting. JLP's talented employees and its unwavering focus on
quality, safety and client relationships align extremely well with our
core values. As well as positioning us for Class 1 Freight rail
opportunities, this acquisition means we can now leverage JLP’s customer
service model to meet the expanding rail needs of our Industrial, Oil &
Gas and Mining & Minerals clients.”
President of JLP Jacqueline Patterson added, "We are delighted to be
combining forces with Jacobs. This decision enables us to leverage the
additional resources of the Jacobs network to meet the needs of our
clients in a growing market. In addition, this move provides many
additional opportunities for our employees to contribute to larger, more
complex rail projects."
Jacobs offers full service rail consulting, providing all aspects of
rail planning, environmental, design and construction services to most
of the public and private railroads in the U.S.
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 2014 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.
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Source: Jacobs Engineering Group Inc.