CH2M, which is part of UCOR, the federal cleanup contractor in Oak Ridge, is being acquired by Jacobs Engineering Group Inc.
The acquisition was announced Wednesday. It’s a a cash-and-stock transaction of about $3.27 billion, including a $2.85 billion purchase and roughly $416 million of CH2M net debt. It’s expected to close in the first quarter of Jacobs’ fiscal year 2018, which ends at the end of 2017.
The two companies are separate until then.
It’s too early to say whether the acquisition would have any effect on the federal contract with UCOR, but the companies said the transaction is about growth, acquiring the expertise of CH2M, and expanding the presence of the combined company.
CH2M, which is based in Colorado, is a partner in UCOR, or URS | CH2M Oak Ridge LLC. UCOR is the U.S. Department of Energy’s cleanup contractor for the DOE Oak Ridge Reservation, and it is primarily focused on cleanup of East Tennessee Technology Park (the former Oak Ridge K-25 Site). But UCOR also works on cleanup and waste management activities at other Oak Ridge Reservation sites. [Read more…]