Dallas-based engineering and consulting powerhouse Jacobs announced Monday it will acquire the remaining stake in U.K.-based innovation consultancy PA Consulting for approximately £1.216 billion ($1.6 billion). The deal, guided by Akin Gump Strauss Hauer & Feld LLP for Jacobs and Milbank LLP for PA Consulting, marks a major expansion in Jacobs’ advisory capabilities.
The transaction values PA Consulting at roughly £3.05 billion, according to Jacobs’ official release. Jacobs will pay £1.216 billion upfront, with 80% in cash and 20% in shares, plus an additional £75 million in deferred Jacobs shares payable on the second anniversary of closing.
Strengthening Strategic Advisory Across Sectors
Jacobs first invested in PA Consulting in March 2021, and taking full ownership will allow it to deepen its footprint across high-growth sectors including advanced manufacturing, life sciences, energy, and transportation. The firm also aims to accelerate artificial intelligence-driven initiatives, a key differentiator in its consulting strategy.
Bob Pragada, Jacobs’ chair and CEO, emphasized the strategic impact: “This combination enhances Jacobs’ leadership as we redefine the asset lifecycle, embedding us earlier in client journeys and expanding our impact across strategy, transformation, and advisory.”
