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Monday, February 15, 2010

Water Stocks News - Jacobs (NYSE:JEC ) Acquires Jordan, Jones and Goulding, Inc; Expands Global Capabilities in Water and Wastewater

Water Stocks News - Jacobs (NYSE:JEC ) Acquires Jordan, Jones and Goulding, Inc; Expands Global Capabilities in Water and Wastewater

PASADENA, Calif., Feb. 15 -- Jacobs Engineering Group Inc. (NYSE:JEC ) announced today that it has acquired Jordan, Jones and Goulding, Inc. (JJG), a 500-person professional services firm. JJG significantly expands Jacobs position in the North American water and wastewater market, and broadens the Company's strong position in the global aviation, transit, and transportation infrastructure markets.

Jacobs did not disclose the terms of the transaction.

Founded in 1958, JJG is based in Atlanta, Ga. and has 17 offices across the southern U.S. The highly respected company provides engineering, planning and consulting services for water, wastewater, environmental and other clients. The addition of JJG to Jacobs gives both companies the ability to provide comprehensive water solutions for clients, from assessments, planning, and design of new systems to the expansion and upgrade of existing systems.

In making the announcement, JJG President and Chief Executive Officer Don Allen stated, "We expect our employees and clients to benefit greatly from us joining Jacobs. Combining our capabilities with a company that shares our values allows our employees to continue to grow, and it provides a larger platform to better serve our clients."

Jacobs President and Chief Executive Officer Craig Martin said, "JJG has a very talented team. Their expertise in water infrastructure is not only a great complement to Jacobs strengths, but it also positions us for growth." Martin went on to say, "Like many other challenges resulting from the aging infrastructure worldwide, water and wastewater is a critical concern. This acquisition boosts our global capabilities to support public and private clients with the water solutions they urgently need."

Jacobs is one of the world's largest and most diverse providers of technical, professional, and construction services.

Any statements made in this release that are not based on historical fact are forward-looking statements. Although such statements are based on management's current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain. We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our 2009 Form 10-K, and in particular, the discussions contained under Items 1 - Business, 1A - Risk Factors, 3 - Legal Proceedings, and 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations. We also caution the readers of this release that we do not undertake to update any forward-looking statements made herein.

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