Jacob Engineering Group, Inc.’s (JEC) Acquisition Of Jordan Jones And Goulding Expected To Be A Postive Catalyst
February 16, 2010 2:16 PM
Analysts at KeyBanc Capital Markets have released an update on Jacob Engineering Group, Inc. (NYSE: JEC). The company has announced yesterday that it is acquiring Jordan Jones and Goulding, which is water, and wastewater oriented professional services firm based in Atlanta, Georgia.
According to analysts, the acquisition is in line with Jacob management’s view of focusing on small to mid-size acquisitions in the infrastructure, federal contracting, and energy upstream segments.
Jacob is yet to disclose the terms of acquisition, however, analysts expect the purchase price to be below $100 million. Analysts believe that acquisitions are an important catalyst for growth at the company.
Analysts at KeyBanc Capital Markets continue to rate Jacobs Engineering Group, Inc. as a Buy.
