Jacobs Sells Energy, Chemicals, and Resources Business to WorleyParsons for $3.3B

Jacobs Sells Energy, Chemicals, and Resources Business to WorleyParsons for $3.3B

  

Fried Frank acted as counsel to Jacobs Engineering Group Inc. (Jacobs), in its US$3.3 billion definitive agreement to sell its Energy, Chemicals, and Resources (ECR) segment to WorleyParsons Limited. Jacobs provides a full spectrum of services including scientific, technical, professional, and construction, as well as program-management for business, industrial, commercial, government, and infrastructure sectors. WorleyParsons Limited is a professional services company based in Australia. The Jacobs Board of Directors and the WorleyParsons Limited Board of Directors each have approved the transaction. The transaction is expected to close in the first half of calendar 2019, subject to customary closing conditions and regulatory approvals.

The Fried Frank team was led by corporate partner Christopher Ewan and included corporate partners Joshua Thomas Coleman and Michael T. Gershberg; antitrust and competition partners Nathaniel L. Asker and Tobias Caspary; executive compensation & ERISA partner Amy L. Blackman; intellectual property and technology partner Amir R. Ghavi; litigation partner Joshua D. Roth; tax partners Michael J. Alter and Nick Thornton; corporate special counsel Howard A. Fine, Amber Meek, and Simon Saitowitz; environmental special counsel Donna Mussio; tax special counsel Will Gay; corporate associates Dr. Peter Breschendorf, Evan M. Campbell, Charles Cooper-Isow, Corey T. Flick, Matthew Martindale, P. Ryan Messier, Jason D. Meyers, Jessica Pisani, Christina Robinson, and Charles Stern; antitrust and competition associates Matthew E. Joseph and Max Küttner; environmental associate Samuel K. Dykstra; executive compensation & ERISA associate Stephanie Matko; intellectual property and technology associate Marli Sussman; real estate associate Danielle R. Frank; tax associates Thomas Bramall, Shane C. Hoffmann, and Peyton R. Miller; corporate law clerks Ryan P. Fitzpatrick and Juliette N. Rafael; executive compensation & ERISA law clerk Arielle F. Evans; and litigation law clerk Megan M. Howe.

majormatters-detail.inc