J · 10-Q · 2026Q2 · Full report
Acquisition / Partnership / Divestiture
JACOBS SOLUTIONS INC. · 2026-08-04 · Importance 71 · Surprise 60 · In source text
Jacobs completed its acquisition of the remaining PA Consulting shares on March 20, 2026 under an Implementation Deed entered into on January 2, 2026. The aggregate initial consideration was approximately £1.21 billion, consisting of approximately £997.6 million in cash and 2,043,537 newly issued Jacobs common shares. Jacobs is obligated to pay an additional £75 million in fiscal 2028 in shares, cash, or a combination, with the amount accrued in other deferred liabilities as of June 26, 2026. Approximately $113.5 million was also paid to the PA Consulting employee benefit trust, and the remaining restricted-cash distribution to eligible employees is expected in the second quarter of fiscal 2027.
Key facts
- Proceeds from the 2026 Term Loan Facility were used to fund the PA Consulting Transaction. source
- In fiscal 2028, the Company is obligated to pay an additional £75 million in consideration for PA Consulting with shares, cash, or combination thereof. source
- On March 13, 2025, Jacobs extinguished $311.5 million under the GBP 2021 Term Loan in exchange for approximately 19.5 million shares in Amentum (Equity-for-Debt Transaction). source
- The Company acquired the PA Shares for an aggregate initial consideration of approximately £1.21 billion, paid through approximately £997.6 million in cash (net of certain PA Consulting shareholder expenses) and 2,043,537 newly issued shares of Jacobs common stock. source
- In March 2026, Jacobs acquired full ownership of PA Consulting source
- On March 20, 2026, Jacobs completed the transaction to acquire all remaining issued share capital of PA Consulting for an aggregate initial consideration of approximately approximately source
- The Company acquired the PA Shares for an aggregate initial consideration of approximately source
- Repurchase of redeemable noncontrolling interests and related costs for the nine months ended June 26, 2026 were $(917,591) thousand. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -7.8% | Repurchase of redeemable noncontrolling interests and related costs for the nine months ended June 26, 2026 were $(917,591) thousand. |
| cash | negative | realized | -2.0% | The increase in operating cash flow was offset by a one time payment of $240.4 million in relation to the PA Consulting Transaction… |
| liability | positive | realized | +2.0% | The increase in operating cash flow was offset by a one time payment of $240.4 million in relation to the PA Consulting Transaction… |
| liability | negative | committed | — | In fiscal 2028, the Company is obligated to pay an additional £75 million in consideration for PA Consulting with shares, cash, or… |
| cash | negative | realized | — | The Company acquired the PA Shares for an aggregate initial consideration of approximately £1.21 billion, paid through approximately… |
| assets | positive | realized | — | The Company acquired the PA Shares for an aggregate initial consideration of approximately £1.21 billion, paid through approximately… |
| liability | negative | committed | — | In fiscal 2028, the Company is obligated to pay an additional in consideration with shares of Company Common Stock, cash… |