Jacobs and PA Consulting announced that they will form a strategic partnership in which Jacobs will acquire a 65% stake in PA. The investment places an enterprise value of PA at GBP 1.825bn (USD 2.4bn). The remaining 35% stake will be held by PA employees, following the exit of the existing majority stakeholder, The Carlyle Group.
The partnership (i) Sets a new industry benchmark in differentiated solutions that deliver end-to-end value for Jacobs and PA clients, employees, and investors changing the shape of the industry. (ii) Transforms PA to a global player at scale; accelerating their growth plan through access to Jacobs client base and global platform, particularly in the U.S. (iii) Advances opportunities for both Jacobs and PA employees through collaboration and co-creation of innovative solutions. (iv) Provides timely positioning of ingenious solutions-based platforms for enhanced agility in response to current-day challenges such as climate change, decarbonization, urbanization and the ongoing healthcare crisis. (v) Targets joint go-to-market teams toward initial high growth sectors of Health and Life Sciences, Public Services, Consumer and Manufacturing, and Defense and Security to capitalize on immediate revenue synergy opportunities.
