Jacobs to acquire remaining 100% of PA Consulting for £1.216B upfront; valued at ~£3.05B enterprise

JACOBS SOLUTIONS INC.

Upfront consideration £1.216B ($1.6B), 80% cash / 20% Jacobs stock; deferred £75M in stock at 2-yr anniversary.
Implied enterprise value ~£3.05B; valuation 13.0x expected 2025 adjusted EBITDA (12.3x incl. synergies).
Expected to close by end of fiscal Q2 2026; subject to PA shareholder approval and UK Court sanction.
Expected to be accretive to adjusted EPS in first 12 months; cost synergies £12-15M within 24 months post-close.
Post-close adjusted EBITDA margin would have been 14.5% vs actual 13.9% for FY25 if fully owned.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

JACOBS SOLUTIONS INC. entered into Implementation Deed with PA Consulting Group Limited valued at approximately £3.05 billion (effective 2026-01-02).

Action: entry
Agreement: asset purchase
Counterparty: PA Consulting Group Limited
Value: approximately £3.05 billion
Effective: 2026-01-02

Exact text from the filing

On January 2, 2026, Jacobs Solutions Inc., a Delaware corporation (the “Company”), entered into an Implementation Deed (the “Implementation Deed”) with Jacobs UK Holdings Limited, a company incorporated in England and Wales and a subsidiary of the Company (the “Purchaser”), PA Consulting Group Limited, a company incorporated in England and Wales (“PA Consulting”), and the several persons whose names are set out in Schedule 1 thereto as stakeholder representatives.

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JACOBS SOLUTIONS INC. filing history →

Source: SEC EDGAR

accession 0001193125-26-001432

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