Jacobs Engineering Group

Jacobs Engineering Group Inc. (NYSE: J) is an American international technical professional services firm.[6] The company provides technical, professional and construction services, as well as scientific and specialty consulting for a broad range of clients globally including companies, organizations, and government agencies.[5] Its worldwide annual revenue reached nearly $15 billion in the 2018 fiscal year.[4] Jacobs is ranked No. 1 on both Engineering News-Record (ENR)'s 2018 Top 500 Design Firms[7] and Trenchless Technology’s 2018 Top 50 Trenchless Engineering Firms.[8]

"Jacobs Engineering" redirects here. It is not to be confused with Jacobs School of Engineering.
Jacobs Engineering Group Inc.
Public
Traded asNYSE: J
S&P 500 Component
ISINUS4698141078 
IndustryEngineering
Architect
Construction
Founded1947
FounderJoseph J. Jacobs
Headquarters
Harwood Center
Dallas, Texas[1]
,
United States
Area served
Worldwide
Key people
Steven J. Demetriou
(Chairman and CEO)[2]
Dawne Hickton
(COO space/tech/nuclear)[3]
Revenue US$ 14.98 billion (2018)[4]
US$ 648.0 million (2018)[4]
US$ 163.4 million (2018)[4]
Total equity US$ 5,854.3 million (2018)[4]
Number of employees
52,000 (2020) [5]
Websitewww.jacobs.com

Overview

Jacobs Engineering was founded in 1947 by Joseph J. Jacobs. The company's current Chief Executive Officer is Steven J. Demetriou. He has been the Chairman of the Board since July 28, 2016 and has been its CEO and President since 2015.[9] The previous President and CEO was Craig L. Martin from 2006 until 2014.[10]

The company is publicly traded as a Fortune 500 company.[11] As of September 2018, Jacobs had more than 80,800 employees globally, and more than 400 offices in North America, South America, Europe, the Middle East, Australia, Africa, and Asia.[5]

In October 2016, the company moved its headquarters from Pasadena, California to Dallas, Texas.[1]

On August 9, 2017, the Pentagon awarded a $4.6 billion Integrated Research & Development for Enterprise Solutions (IRES) follow-on contract to Jacobs Technology Inc, a unit of Jacobs Engineering Group Inc. to provide products and services for the Missile Defense Agency and its Missile Defense Integration and Operations Center.[12][13]

In October 2018, Jacobs agreed to sell its Energy, Chemicals and Resources (ECR) segment to WorleyParsons.[14]

Acquisitions

In FY 2008, Jacobs spent $264 million to acquire Carter and Burgess, Lindsey Engineering and a 60% stake in Zamel and Turbag Consulting Engineers.[15]. In FY 2010, Jacobs acquired TechTeam, Tybrin and Jordan, Jones and Goulding for $259.5 million total.[16]

In FY 2014, Jacobs announced it completed a merger transaction with Sinclair Knight Merz (SKM), a 6,900-person professional services firm headquartered in Australia. The purchase price reflects an enterprise value of AUS$1.2 billion (US$1.1 billion) plus adjustments for cash, debt and other items. [17]

On August 2, 2017, Jacobs acquired CH2M Hill – a global engineering firm in key infrastructure and government service sectors, including water, transportation, environmental and nuclear in a $3.27 billion cash-and-stock deal.[18]

In March 2020, Jacobs acquired Wood Nuclear, the nuclear services arm of UK-based John Wood Group, for £250 million, adding 2000 staff and bringing Jacobs' total UK workforce to almost 11,000.[19]

In June 2020, during the COVID-19 pandemic in the United Kingdom, Jacobs planned up to 200 redundancies.[20]

See also

References
  1. "Global engineering firm to relocate headquarters from California to Dallas". Archived from the original on 2017-08-05. Retrieved 2017-08-27.
  2. "Steve Demetriou Appointed Chairman of the Jacobs Board; Linda Fayne Levinson Named Lead Director". Business Wire. 2016-07-28. Retrieved 2017-05-27.
  3. Jane Edwards, May 3, 2019, GovConWire, Dawne Hickton to Succeed Terry Hagen as COO of Jacobs’ Aerospace, Tech & Nuclear Business, Retrieved July 20, 2019
  4. "U.S. Securities and Exchange Commission Form 10-K: Jacobs Engineering Group Inc". Sec.gov. Retrieved 2019-01-06.
  5. "A Company Like No Other". Retrieved 2019-04-15.
  6. "Can Jacobs Engineering Group Inc. (NYSE:JEC) Surprise Analysts?". Investor Newswire. Archived from the original on 30 June 2015. Retrieved 3 July 2015.
  7. "ENR 2018 Top 500 Design Firms," ENR, Retrieved January 6, 2019.
  8. "Trenchless Technology’s Top 50 Trenchless Engineering Firms of 2018," Trenchless Technology, December 10, 2018. Retrieved January 6, 2019.
  9. "Steven J. Demetriou," Bloomberg, Retrieved 06 January 2019.
  10. "Jacobs Engineering CEO Craig Martin announces retirement, cites health reasons". Star Tribune. 23 November 2014. Archived from the original on 29 November 2014. Retrieved 25 November 2014.
  11. "Jacobs Engineering Group". Fortune. Retrieved 2018-11-29.
  12. "Jacobs Technology wins $4.6 billion U.S. defense contract: Pentagon". Reuters. August 9, 2017. Retrieved 2017-08-09.
  13. "Contracts for August 9, 2017". U.S. Department of Defense. Retrieved 2017-08-09.
  14. "Australia's WorleyParsons to buy Jacobs energy, resources arm for $3.3 billion". Reuters. Retrieved 2019-01-06.
  15. "2008 Annual Report" (PDF). Jacobs. Retrieved 2019-09-03.
  16. "2010 Annual Report" (PDF). Jacobs. Retrieved 2019-09-03.
  17. http://invest.jacobs.com/investors/Press-Release-Details/2013/Jacobs-Completes-Merger-Transaction-with-Sinclair-Knight-Merz/default.aspx. Missing or empty |title= (help)
  18. "Jacobs Engineering to boost government business with CH2M buy," Reuters, 2 August 2017. Retrieved 2 August 2017.
  19. Lowe, Tom (9 March 2020). "Jacobs snaps up Wood's nuclear business for £250m". Building. Retrieved 9 March 2020.
  20. Prior, Grant (11 June 2020). "Osborne making 7% of staff redundant". Construction Enquirer. Retrieved 11 June 2020.
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