Jacobs Announces Acquisition of Eagleton Engineering

PASADENA, Calif.--(BUSINESS WIRE)--

Jacobs Engineering Group Inc. 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.