What is Jacobs' (NYSE:J) recent acquisition?

Jacobs announced the completion of its acquisition of the remaining equity interest in PA Consulting, an innovation and transformation consultancy. The transaction is valued at approximately £1.2 billion (~$1.6 billion) upfront, with an additional £75 million in deferred consideration. This acquisition gives Jacobs full 100% ownership of PA Consulting.

How did PA Consulting's stakeholders respond to the acquisition?

The acquisition was overwhelmingly supported by PA Consulting's stakeholders, with more than 97% of voting shareholders, representing over 99% of the share value, approving the deal.

What are the expected financial impacts of Jacobs' acquisition of PA Consulting?

Jacobs expects the transaction to be accretive to adjusted earnings per share (EPS) within the first 12 months after closing. This suggests that the acquisition will positively contribute to Jacobs' profitability in the near term.

How does this acquisition impact Jacobs' share structure?

As a result of the acquisition, Jacobs now fully owns PA Consulting, which will increase its consolidation and control over the consultancy. The deal was partly financed through Jacobs' common stock, which could slightly impact its share structure, although the overall ownership is now complete.

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Jacobs completes full acquisition of PA Consulting to create global advisory powerhouse

Written by Heidi Cuthbert Published Mar 23, 2026, 12:00 AMLast Updated Jul 6, 2026, 10:31 AM

Jacobs (NYSE:J) announced today the completion of its acquisition of the remaining equity interest in PA Consulting, a leading innovation and transformation consultancy.

The transaction, valued at an upfront consideration of approximately £1.2 billion (~$1.6 billion) plus £75 million in deferred consideration, brings Jacobs' ownership to 100%.

The deal was overwhelmingly supported by PA’s stakeholders, with over 97% of voting shareholders—representing more than 99% of the share value—approving the move.

The acquisition was funded through a disciplined mix of 80% cash and 20% Jacobs common stock, utilizing cash on hand along with existing and incremental debt facilities.

To support the cash component, Jacobs successfully priced $1.3 billion in senior notes earlier this month.

Management confirmed that the transaction is expected to be accretive to adjusted earnings per share (EPS) within the first 12 months post-closing.