Buyers Bet on Infrastructure, With or Without Trump

Industrial acquirers are doing what President Donald Trump can’t when it comes to infrastructure: putting their money where their mouth is.Jacobs Engineering Group Inc. announced on Wednesday it would acquire CH2M HILL Companies Ltd. for $3.27 billion including debt. CH2M, which gets much of its business from government clients, was a project manager for the expansion of the Panama Canal. It will bolster Jacobs’ expertise in water-systems upgrades, pushing buildings and infrastructure services to 32 percent of revenue, up from 21 percent previously.

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Source: Bloomberg

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