Engineering and construction company,
Jacobs Engineering Group Inc.
), recently announced the acquisition of Costa Mesa, CA-based,
privately-owned MARMAC Field Services, Inc. The purchase price
was not disclosed.
MARMAC is a women-owned corporation that has been serving the
oil and gas industry since the 1970s, mainly in the Western U.S.
Over the years, the company has gained expertise in projects
including Process & Related Systems, Environmental
Engineering, Pipelines - Liquid and Natural Gas, Measuring
Stations, Terminals, Pipeline & Integrity Analysis, Land and
Right-of-Way Services, to name a few.
Like Jacobs, MARMAC too believes in maintaining strong
relationship with its clients. The company generates over 85% of
the revenues through long-term relationship with its customers.
Such high percentage of repeat business signifies MARMAC's client
The acquisition will not only let the company leverage on
MARMAC's geographical reach but also enhance Jacobs' capabilities
to serve the utility and gas industry better.
Additionally, on the same day, Jacobs won a contract from QGC,
part of the United Kingdom based BG Group plc. The value of the
contract remained undisclosed. QGC has been promoting the
conversion of coal seam gas (CSG) to liquefied natural gas (LNG)
Per the contract, Jacobs will provide concept study and
pre-front-end engineering and design services to QGC. Also, the
company will offer its services to enhance the transport system
carrying produced gas to the LNG production facilities. The
contract will enable QGC to utilize Jacobs' global experience on
CSG projects in the Australian region.
Jacobs currently carries a Zacks Rank #3 (Hold). Other
better-ranked stocks in the industry include
M/I Homes, Inc.
). While VSE Corp. carries a Zacks Rank #1 (Strong Buy), KB Home
and M/I Homes hold a Zacks Rank #2 (Buy).
JACOBS ENGIN GR (JEC): Free Stock Analysis
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VSE CORP (VSEC): Free Stock Analysis Report
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