Divestiture • Information Technology

Jacobs Acquires Federal Network Systems

On April 22, 2014, Jacobs acquired information technology company Federal Network Systems from Verizon Communications

Acquisition Context
  • This is Jacobs’ 3rd transaction in the Information Technology sector.
  • This is Jacobs’ 14th transaction in the United States.
  • This is Jacobs’ 2nd transaction in Virginia.

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M&A Deal Summary

Date April 22, 2014
Target Federal Network Systems
Sector Information Technology
Buyer(s) Jacobs
Sellers(s) Verizon Communications
Deal Type Divestiture

Target Company

Federal Network Systems

Ashburn, Virginia, United States
Federal Network Systems LLC provides systems integration and communication, information technology and data security solutions for the global market; with particular focus on supporting the Intelligence Community, the Department of Defense, and federal civilian customers.
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Buyer Overview 1

Buyer

Jacobs

Dallas, Texas, United States

Category Company
Founded 1947
Sector Engineering
Employees45,000
Revenue 11.5B USD (2024)
DESCRIPTION
Jacobs' corporate headquarters in Pasadena, California.
Jacobs' corporate headquarters in Pasadena, California.

Jacobs is a provider of professional technical and engineering services. The company 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 Context for Buyer #
Overall 21 of 32
Sector: Information Technology 3 of 8
Type: Divestiture 3 of 5
State: Virginia 2 of 4
Country: United States 14 of 22
Year: 2014 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-11 Eagleton Engineering

Houston, Texas, United States

Eagleton Engineering LLC is a specializes in pipeline engineering, primarily providing professional services and resources to the oil, gas and petrochemical industries. Eagleton Engineering services cover the full life cycle of project planning and delivery, from conceptual studies and design to full turnkey engineering, procurement and construction solutions and operational support.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-07 J.L. Patterson & Associates

Orange, California, United States

J.L. Patterson & Associates, Inc. is a transportation-engineering firm, which provides engineering design, construction management, and staff augmentation services for public and private sector clientele.

Buy -

Seller Profile 1

SELLER

Verizon Communications

New York, New York, United States

Category Company
Founded 1983
Sector Communications
Employees99,600
Revenue 134.8B USD (2024)
DESCRIPTION
Verizon storefront in New York City.
Verizon storefront in New York City.

Verizon Communications is a provider of communications, information, and entertainment products and services to consumers, businesses and governmental agencies. Verizon offers voice, data and video services and solutions on wireless and wireline networks that are designed to meet customers’ demand for mobility, network connectivity, security and control. Verizon Communications was founded in 1983 and is based in New York, New York.


Deal Context for Seller #
Overall 6 of 14
Sector: Information Technology 1 of 3
Type: Divestiture 5 of 13
State: Virginia 1 of 2
Country: United States 6 of 14
Year: 2014 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-07 Cincinnati Bell - Wireless Spectrum Licenses

Cincinnati, Ohio, United States

Cincinnati Bell, Inc. - Wireless Spectrum Licenses is a provider of communication services in US.

Buy $210M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-05 Verizon Communications - Wireline Operations in California Florida and Texas

New York, New York, United States

Verizon's Wireline Operations in California, Florida and Texas include 3.7 million voice connections, 2.2 million broadband connections, and 1.2 million FiOS® video connections.

Sell $10.5B