Jacobs Announces Acquisition of Eagleton Engineering
February 11 2014 - 7:45AM
Business Wire
Enhances Pipeline Engineering and Design
Capabilities
Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it
has acquired Eagleton Engineering, LLC (Eagleton) headquartered in
Houston, Texas.
The acquisition enhances Jacobs’ capabilities in midstream and
upstream pipeline engineering, design and field surveying
services.
Founded in 1965, Eagleton specializes in pipeline engineering,
primarily providing professional services and resources to the oil,
gas and petrochemical industries. The firm’s 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.
In making the announcement, Jacobs Group Vice President Chip
Mitchell stated, “Eagleton’s pipeline engineering and project
delivery experience, strong project portfolio and talented
employees allow us to enhance our full service offerings to our
customers and drive our growth in the oil and gas business.”
Eagleton President and Chief Executive Officer Duain Cagle
added, “We are excited about our future with Jacobs and the
expanded opportunities that are possible for our business and our
employees.”
Jacobs is one of the world's largest and most diverse providers
of technical professional and construction services.
Statements made in this release that are not based on historical
fact are forward-looking statements. We base these forward-looking
statements on management’s current estimates and expectations as
well as currently available competitive, financial and economic
data. Forward-looking statements, however, are inherently
uncertain. There are a variety of factors that could cause business
results to differ materially from 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 2013 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 do not undertake to update any forward-looking
statements made herein.
Jacobs Engineering Group Inc.John W. Prosser,
Jr.626.578.6803
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