Major engineering firm PBSJ is in talks with Atkins to be acquired by the London-based firm. PBSJ, which is employee-owned, reportedly sought out the sale to bring in more capital for expansion.
Atkins is the world's 11th largest engineering firm, employing 18,000 people. PBSJ has 3500 employees and 80 offices worldwide.
Toll Roads News quotes Atkins' CEO Keith Clarke in a statement: "This is an important acquisition for Atkins and forms part of our plan to grow our business through a multi-skill, multi-local strategy. PBSJ operates a business model we understand and complements our business superbly, enhancing our skills in environmental, transportation, building design and programme (NOTE: Brit spelling) management disciplines."
EDITORS NOTE: The original Planetizen summary said that the acquisition had been completed, but we have been informed that the PBSJ Corporation, parent company of PBS&J, PBS&J International, and Peter R. Brown Construction, Inc., has entered into an agreement to be purchased by WS Atkins. PBSJ shareholders must still agree that it is an appropriate move, and the meeting where that decision would take place has yet to be determined. Planetizen regrets the error.
Read the full story: PBSJ bought by British Atkins for $280m (TAKEOVER)
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
The state-sanctioned urbicide of Austin
People don’t kill cities. Freeways do.
US to reduce Colorado River water deliveries to Mexico
A new Colorado Treaty amendment reduces Mexico’s Colorado River water allocation by 250,000 acre feet.
Nation's most wind-powered state turns to coal as data centers increase energy demand
For the first time in decades, Iowa has increased its generation of coal power.
NYC cools commuters with city's first rain garden above a bus stop
New York City officials say the plants in the rain garden can absorb 16 gallons of rainwater during heavy storms.
Brightline West’s future may rely on $6 billion federal loan
The company has until Nov. 2 to make a $400 million equity investment into its proposed high-speed rail line.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
Greater Baltimore Committee
Eagle County Government
Harvard University Graduate School of Design
The Architects Foundation
University of Cincinnati Online
The Pocatello Development Authority
The Urban Renewal Agency of the City of Pocatello
Journal of the American Planning Association