Jacobs Engineering Group Inc. has agreed to purchase CH2M Hill Cos. Ltd. for $2.85 billion. The transaction is aimed at providing Jacobs a "leading position" and new expertise in the high-growth infrastructure and government services sectors, Jacobs officials said in a press release. In addition, Jacobs will be able to deliver more solutions to more clients by applying CH2M's advanced design, technical and program management expertise, company officials said. The transaction is expected to close in the first quarter of Jacobs' 2018 fiscal year.
Vertex Railcar Corp. has obtained an order for its 2480 CF aggregate car from a rail industry lessor. The lessor chose Vertex after visiting its facility in Wilmington, North Carolina. The deal marks the second time a rail lessor has chosen the company's aggregate car in recent months, Vertex officials said in a press release. In addition, another lessor has recently chosen Vertex's 7500CF wood chip car. Although Vertex didn't disclose the quantity of cars or terms of either order, company officials described both deals as "significant." The cars will begin shipping in early fall.