Jacobs Makes OC AcquisitionTuesday, November 26, 2013
Jacobs Engineering Group on Tuesday said that it has acquired the assets an Orange County company that provides pipeline engineering services to the utility and gas industries.
The Pasadena company did not disclose how much it paid for the assets of Costa Mesa-based Marmac Field Services, a private company that had been in business for 40 years. The deal boosts Jacob’s pipeline engineering and design capabilities.
“Marmac’s solid performance history, talented employees and strong client relationships align well with our relationship-based business model,” Kevin McMahon, Jacobs vice president, said in a statement.
Shares closed up 82 cents, or 1 percent, to $60.13 on the New York Stock Exchange.