Atkins (WS) - Acquisition of The PBSJ Corporation

  • 05 Aug 2010
 

Slaughter and May, working as an integrated team with Hunton & Williams LLP, is advising WS Atkins plc, the UK's largest engineering and design consultancy, on its recommended acquisition of The PBSJ Corporation for US $280 million (£178 million) in cash.

The consideration for the acquisition will be satisfied from Atkins' available cash resources and new credit facilities. Atkins has agreed a new four year debt facility of £150 million which replaces the pre-existing £100 million facility which was due to expire in June 2011.

PBSJ is employee owned and one of America's leading providers of engineering, planning, architecture, construction, environmental and programme management services and is headquartered in Florida.

The acquisition was announced on 2 August 2010.

 
 

Contacts

 

Steve Cooke (partner), Martin Hattrell (partner), Chris McGaffin (associate), Giles Lock (associate); Financing: Matthew Tobin (partner), Ivo Stourton, (associate), Alexander Biles (associate); Tax: Sara Luder (partner), Sarah Ring (associate), Ed Milliner (associate)

 
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