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 whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, 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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