M&A Deal Summary

Jacobs Acquires CH2M

On August 2, 2017, Jacobs acquired engineering company CH2M from Apollo Global Management for 3.3B USD

Acquisition Highlights
  • This is Jacobs’ 13th transaction in the Engineering sector.
  • This is Jacobs’ largest (disclosed) transaction.
  • This is Jacobs’ 17th transaction in the United States.
  • This is Jacobs’ 1st transaction in Colorado.

M&A Deal Summary
Date 2017-08-02
Target CH2M
Sector Engineering
Buyer(s) Jacobs
Sellers(s) Apollo Global Management
Deal Type Add-on Acquisition
Deal Value 3.3B USD
Advisor(s) BofA Securities
Credit Suisse Investment Banking (Financial)
Latham & Watkins
Richards, Layton & Finger PA (Legal)

Target

CH2M

Englewood, Colorado, United States
website
CH2M's headquarters in Englewood, Colorado.
CH2M's headquarters in Englewood, Colorado.
CH2M is an engineering firm specializing in government, industrial, infrastructure and energy projects. CH2M was formed in 1971 and is based in Englewood, Colorado.

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Buyer(S) 1

Buyer

Jacobs

Dallas, Texas, United States

website

Category Company
Founded 1947
Sector Engineering
Employees56,700
Revenue 14.9B USD (2022)
DESCRIPTION
Jacobs' corporate headquarters in Pasadena, California.
Jacobs' corporate headquarters in Pasadena, California.

Jacobs is a provider of professional technical and engineering services. Jacobs offers a full-spectrum of support to industrial, commercial, and government clients across multiple markets. Services include scientific and specialty consulting as well as all aspects of engineering and construction, operations and maintenance. Jacobs was formed in 1947 and is based in Dallas, Texas.

DEAL STATS #
Overall 25 of 32
Sector (Engineering) 13 of 13
Type (Add-on Acquisition) 18 of 24
State (Colorado) 1 of 1
Country (United States) 17 of 22
Year (2017) 2 of 3
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-29 Aquenta Consulting Pty

Brisbane, Australia

Aquenta Consulting Pty Ltd. is a provider of independent cost, contract and consulting services to the oil and gas, mining, building, transport, utilities and infrastructure sectors, with an excellent track record of success and high levels of repeat business for major regional and global customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-31 Blue Canopy Group

Reston, Virginia, United States

Blue Canopy Group LLC is a data analytics, cybersecurity and application development firm, as part of ongoing investments to expand Jacobs Connected Enterprise (JCE) solutions. Blue Canopy Group was founded in 2001 and is based in Reston, Virginia.

Buy -

Seller(S) 1

SELLER

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Asset Manager
Founded 1990
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.

DEAL STATS #
Overall 29 of 65
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 4 of 19
State (Colorado) 1 of 1
Country (United States) 23 of 49
Year (2017) 3 of 3
Size (of disclosed) 4 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-09 ClubCorp Holdings

Dallas, Texas, United States

ClubCorp Holdings owns and operates golf, country, business, sports, and alumni clubs. ClubCorp owns or operates a portfolio of over 200 golf and country clubs, business clubs, sports clubs, and alumni clubs in 28 states, the District of Columbia and two foreign countries that serve over 430,000 members, with approximately 20,000 peak-season employees. ClubCorp Holdings was founded in 1957 and is based in Dallas, Texas.

Buy $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-01 Northwoods Energy

Columbus, Ohio, United States

Northwoods Energy is an upstream oil & gas company Specializing in purchasing older, neglected wells and leases, Northwood looks carefully at the geologic potential of each marginal well and develops a plan to maximize energy production while reusing and recycling raw materials from the existing well. Northwoods Energy was founded in 1983 and is based in Columbus, Ohio.

Buy -
Mergr

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Company

Legal