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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.”

PA Consulting Brand Strength Amplified

PA Consulting CEO Christian Norris said the merger will allow the unified firm to “deliver even greater impact as one global company.” Norris added that leveraging PA’s brand and innovation expertise will position the company to tackle the broadest spectrum of client challenges.

Transaction Structure and Advisory Teams

The acquisition is expected to close by the end of Jacobs’ fiscal 2026 second quarter. It will primarily be implemented through a U.K. Scheme of Arrangement and is contingent upon customary regulatory and shareholder approvals.

Centerview Partners LLC and Perella Weinberg Partners LP served as financial advisers to Jacobs, while Goldman Sachs advised PA Consulting.