Jacobs acquires majority stake of PA Consulting

Jacobs said today it will form a strategic partnership with PA Consulting, through which it will acquire a 65% stake in PA.

The remaining 35% will be held by PA employees as the existing majority shareholder -- private-equity firm the Carlyle Group -- will exit, Jacobs said.

The company said the deal will accelerate PA's growth plan by giving it access to Jacobs clients. Jacobs anticipates teams focused on health and life sciences, public services, consumer and manufacturing as well as defense and security.

The transaction is expected to close next year.