TAMPA, FLA. — WS Atkins plc officially completed its acquisition of The PBSJ Corp., parent company of PBS&J and Peter R. Brown Construction, Inc., on Oct. 1, 2010. This follows the announcement made on Oct. 1, 2010, that, at a special meeting of the stockholders of PBSJ, the resolution required for the acquisition of PBSJ by Atkins was duly passed by the holders of more than 97 percent of PBSJ’s capital stock eligible to vote, with approximately 99 percent of votes cast in favor of the resolution.
Keith Clarke, Atkins chief executive, commented: “This is an important acquisition for Atkins, which forms part of our plan to grow our business through a multi-skill, multi-local strategy. The completion of this acquisition means that we now have an experienced management team and a U.S. business which has a strong, long-standing reputation for technical excellence and quality, underpinned by deep client relationships. This gives Atkins a strong platform for growth in the United States, which will enable us to drive significant value for our shareholders.”
Atkins has acquired the entire issued share capital of PBSJ for a cash consideration of $280 million (approximately £178 million).
For more information, visit www.atkinsglobal.com.