Jacobs Engineering Group Inc. (NYSE:JEC) announced today that it has acquired assets of MARMAC Field Services, Inc. (MARMAC) headquartered in Costa Mesa, Calif.
The acquisition enhances Jacobs’ capabilities in pipeline engineering and design services; both geographically and by adding additional capabilities to serve the utility and gas industries. For over forty years, MARMAC has provided pipeline engineering services in the Western U.S.
In making the announcement, Jacobs Group Vice President Kevin McMahon stated, "MARMAC's solid performance history, 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 the utility and gas pipeline engineering business."
MARMAC Chief Executive Officer Wendie Hendrix said, "This acquisition takes advantage of our shared client base and increases our capabilities in the fast growing gas pipeline engineering and design marketplace. With Jacobs, we have access to a much wider resource base that enables us to enhance our 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; including any operational, cultural or financial difficulties resulting from the transaction. For a description of some of the other factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our 2013 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.
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