News Releases

Baker Botts Represents WorleyParsons Ltd. in $3.2 Billion Acquisition of Jacobs Engineering Group Inc.’s ECR Business


Deal Description: April 26, 2019 – WorleyParsons Ltd. (ASX: WOR) (“WorleyParsons”) completed its previously announced acquisition of the energy, chemicals and resources division of Jacobs Engineering Group Inc. (NYSE: JEC) (“Jacobs”) for $3.2 billion, consisting of $2.6 billion in cash, subject to adjustments for changes in working capital and certain other items, plus ordinary shares of WorleyParsons equal to $600 million. As previously announced, at closing, Jacobs became the holder of approximately 11.1% of the combined WorleyParsons.

Baker Botts L.L.P. represented WorleyParsons in the acquisition.

Outside Counsel to WorleyParsons: Baker Botts L.L.P.

Inside Counsel to Worley Parsons: Larry Kalban, Senior Vice President and General Counsel 

Financial Advisor to WorleyParsons: UBS AG

Outside Counsel to Jacobs: Fried, Frank, Harris, Shriver & Jacobson LLP

Financial Advisors to Jacobs: Perella Weinberg Partners LP and Centerview Partners

Value: $3.2 billion in cash and stock

Baker Botts Lawyers/Office Involved: 

Corporate: Efren Acosta (Partner, Houston); Laura Katherine Mann (Senior Associate, Houston); Katie Belleville (Associate, Houston); Steven Lackey (Associate, Houston)

Antitrust: Tom Fina (Partner, Washington); David Cardwell (Counsel, Brussels); Michael Bodosky (Special Counsel, Washington); Sofia Doudountsaki (Associate, Brussels); Roxanne Tonnelier (Associate, Brussels); Tom Carter (Associate, Washington); Steven Pet (Associate, Washington)

International Trade: Paul Luther (Partner, Washington); Jason Wilcox (Senior Associate, Washington)

Tax: Ron Scharnberg (Partner, Houston); Peter Farrell (Associate, Washington)

Employee Benefits: Chris Pratt (Special Counsel, Houston)

Intellectual Property: Robinson Vu (Partner, Houston); Ali Dhanani (Partner, Houston) 

Real Estate: Chris Wilson (Partner, Houston); Sarabeth Westwood (Associate, Houston); Emily Quiros (Associate, Houston)


Baker Botts is an international law firm of approximately 725 lawyers practicing throughout a network of 14 offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy and technology sectors. Throughout our 179-year history, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit

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