Jacobs Engineering Group Inc. announced that it has acquired KlingStubbins.
Officials did not disclose the terms of the agreement.
Jacobs' acquisition of KlingStubbins, which has approximately 500 employees located in the United States and Asia, particularly enhances the Company's capabilities in design. KlingStubbins provides professional services in planning, architecture, engineering and interiors with a market focus and specialization in Corporate/Commercial, Government, Science and Technology, Higher Education, Mission Critical and Interiors.
KlingStubbins' specializations reinforce high growth markets for Jacobs, particularly Science and Technology (higher education, research and development and laboratory research and development) and Mission Critical (intelligence/cyber security and corporate data centers).
Further deepening Jacobs' architecture and engineering practice allows the Company to strengthen its overall service offerings to all of its clients globally. Additionally, Jacobs is able to provide KlingStubbins' clients with access to significantly increased capabilities and support.
Jacobs President and Chief Executive Officer Craig Martin said, "We are acquiring a solid business with a history of good performance. KlingStubbins' talented employees and strong client relationships align well with our relationship-based business model. This acquisition allows us to further diversify our services and drive greater growth in our business."
KlingStubbins' National Managing Principal Michael Lorenz said, "KlingStubbins is excited to be joining Jacobs. This acquisition takes advantage of our shared client base and increases design opportunities in the global marketplace. Through Jacobs, we have access to a much wider global resource base that enables us to enhance our design services for clients as well as provide more opportunities for 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 2010 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. BD+C
Related Stories
| Sep 6, 2022
Demand for flexible workspace reaches all-time high
Demand for flexible workspace including coworking options has never been higher, according to a survey from Yardi Kube, a space management software provider that is part of Yardi Systems.
| Sep 2, 2022
Converting office buildings to apartments is cheaper, greener than building new
Converting office buildings to apartments is cheaper and greener than tearing down old office properties and building new residential buildings.
| Sep 2, 2022
New UMass Medical School building enables expanded medical class sizes, research labs
A new nine-story, 350,000 sf biomedical research and education facility under construction at the University of Massachusetts Chan Medical School in Worcester, Mass., will accommodate larger class sizes and extensive lab space.
Giants 400 | Sep 1, 2022
Top 100 K-12 School Contractors and CM Firms for 2022
Gilbane, Core Construction, Skanska, and Balfour Beatty head the ranking of the nation's largest K-12 school sector contractors and construction management (CM) firms for 2022, as reported in Building Design+Construction's 2022 Giants 400 Report.
| Sep 1, 2022
ABC: Nonresidential Construction Spending Increases by a Modest 0.8% in July
National nonresidential construction spending increased 0.8% in July, according to an Associated Builders and Contractors analysis of data published today by the U.S. Census Bureau.
| Sep 1, 2022
The University of Iowa opens the new Stanley Museum of Art, a public museum for both discovering and teaching art
The University of Iowa recently completed its new Stanley Museum of Art, a public teaching museum designed by BNIM.
| Aug 31, 2022
A mixed-use development in Salt Lake City provides 126 micro units with mountain views
In Salt Lake City, a new 130,000-square-foot development called Mya and The Shop SLC, designed by EskewDumezRipple, combines housing with coworking space, retail, and amenities, as well as a landscaped exterior for both residents and the public.
Mass Timber | Aug 30, 2022
Mass timber construction in 2022: From fringe to mainstream
Two Timberlab executives discuss the market for mass timber construction and their company's marketing and manufacturing strategies. Sam Dicke, Business Development Manager, and Erica Spiritos, Director of Preconstruction, Timberlab, speak with BD+C's John Caulfield.
Giants 400 | Aug 29, 2022
Top 50 Senior Living Facility Contractors + CM Firms for 2022
Whiting-Turner, Ryan Companies US, W.E. O'Neil Construction, and KBE Building Corp. top the ranking of the nation's largest senior living facility contractors and construction management (CM) firms for 2022, as reported in Building Design+Construction's 2022 Giants 400 Report.
Giants 400 | Aug 29, 2022
Top 40 Student Housing Facility Contractors + CM Firms for 2022
J.H. Findorff & Son, PCL Construction Enterprises, Juneau Construction, and Sundt Construction top the ranking of the nation's largest student housing facility contractors and construction management (CM) firms for 2022, as reported in Building Design+Construction's 2022 Giants 400 Report.
