Jacobs to Buy Remaining Stake in PA Consulting for $1.6B
AI Article Summary
Jacobs has announced a $1.6 billion acquisition of the remaining stake in PA Consulting, valuing the company at approximately $4 billion. This move demonstrates the growing influence of advisory services in transforming the economics of infrastructure delivery. The acquisition highlights the changing landscape where consulting plays a critical role in the construction industry.
What This Means for Canadian Contractors
This acquisition shows how advisory services are becoming increasingly essential in infrastructure projects. For Canadian builders, this means a potential shift in how projects are planned and executed, potentially affecting timelines and costs due to enhanced advisory inputs. It suggests that Canadian companies may need to adapt by integrating comprehensive consulting strategies to stay competitive.
