M&A Deal Summary

Worley Acquires Jacobs Engineering Group - Energy Chemicals and Resources

On October 21, 2018, Worley acquired energy services and equipment company Jacobs Engineering Group - Energy Chemicals and Resources from Jacobs for 3.3B USD

Acquisition Highlights
  • This is Worley’s 4th transaction in the Energy Services and Equipment sector.
  • This is Worley’s largest (disclosed) transaction.
  • This is Worley’s 2nd transaction in the United States.
  • This is Worley’s 1st transaction in California.

M&A Deal Summary

Date 2018-10-21
Target Jacobs Engineering Group - Energy Chemicals and Resources
Sector Energy Services and Equipment
Buyer(s) Worley
Sellers(s) Jacobs
Deal Type Divestiture
Deal Value 3.3B USD

Target

Jacobs Engineering Group - Energy Chemicals and Resources

Pasadena, California, United States
Jacobs Engineering Group - Energy, Chemicals and Resources is a division of Jacobs Engineering Group based in California.

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Buyer(S) 1

Buyer

Worley

North Sydney, Australia

website


Category Company
Founded 1971
Sector Engineering
Employees51,855
Revenue 13.0B AUD (2020)
DESCRIPTION
Entrance to WorleyParsons' office in Houston, Texas.
Entrance to WorleyParsons' office in Houston, Texas.

Worley is a provider of engineering, procurement, construction to the energy industry. The Company also offers a range of consulting and advisory services as well. Worley was formed in 1971 and is based in Sydney, Australia.


DEAL STATS #
Overall 10 of 12
Sector (Energy Services and Equipment) 4 of 6
Type (Divestiture) 4 of 4
State (California) 1 of 1
Country (United States) 2 of 2
Year (2018) 1 of 2
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-21 Bergen Group Rosenberg AS

Hundvag, Norway

Bergen Group Rosenberg AS is a provider of fully-integrated engineering, fabrication and construction environment, Rosenberg has a strong track record in the offshore oil and gas front end engineering and design, reimbursable EPC, long-term maintenance, modifications and operations, subsea fabrication, installation and hook-up markets.

Buy Nkr1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-19 New Zealand Oil Services

Wellington, New Zealand

New Zealand Oil Services Ltd. core business is the safe operation, maintenance, and development of our energy storage terminals across New Zealand. The company provides expert terminal services and product management via shipping and truck loadings.

Buy -

Seller(S) 1

SELLER

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 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-22 The KEYW Holding

Hanover, Maryland, United States

The KEYW Holding Corp. is a provider of mission-critical cybersecurity, cyber superiority, and geospatial intelligence solutions to the U.S. Government defense, intelligence, and national security agencies, and commercial enterprises. The KEYW Holding was founded in 2008 and is based in Hanover, Maryland.

Buy $815M