We Think Jacobs Is Poised to Capitalize on Favorable Secular Trends in Infrastructure

Under the leadership of former CEO Steve Demetriou, Jacobs Solutions transformed its portfolio to increase recurring revenue and reduce cyclicality. In 2017, Jacobs acquired CH2M for $3.3 billion to bolster its presence in the transportation, water, nuclear, and environmental services end markets. In April 2019, Jacobs Solutions sold its energy, chemicals, and resources, or ECR, business to WorleyParsons for $3.3 billion. Jacobs Solutions operates four business segments: critical mission solutions, people and places solutions, divergent solutions, and PA consulting.