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NERC’s Fall Conference – Recycling Today 30 Years Later

Posted August 31, 2017 by

 

Press Release – August 30, 2017 – The Northeast Recycling Council’s 30th Anniversary & Fall 2017 Conference is just around the corner and will address some of the topics of greatest concern for sustainable materials management. Attendees and exhibitors from the US and Canada will gather at the Lord Jeffery Inn in Amherst, Massachusetts on November 13 – 14, to participate in presentations and discussions that look at today’s current issues and reflects
on the lessons we’ve learned from the past 30 years for managing materials.

The Conference will open with introductory remarks from Commissioner Martin Suuberg of the Massachusetts Department of Environmental Protection.  Following Mr. Suuberg will be Keynote Speaker, David Levine of the American Sustainable Business Council, a network of businesses committed to the triple bottom line of people, planet, and profit. Mr. Levine will talk about the connection between sustainable materials management and doing business in an environmentally friendly manner.

The Conference will continue with Shannon Davis of the Oregon Department of Environmental Quality, Liza Casella of Casella Waste Systems, and Lisa Skumatz of Skumatz Economic Research Associates, who will discuss solutions for and the future of sustainable materials management. Another noteworthy session will feature Monique Oxender of Keurig Green Mountain, and Kathleen Niesen of Pepsico, who will present on brand name companies’ recycling involvement and impact over the past several decades. And the last session of Day One will include Resa Dimino of Resource Recycling Systems, Peter Cooke of Manomet, and Megan Pryor, of the Maine Department of Environmental Protection, who will present on the successes and not so successful extended producer responsibility initiatives.

Day One will end with NERC’s 30th Anniversary celebration and awards ceremony.

Day Two of the Conference will begin with a recycling train the trainers session that will be presented by Ray Dube of Coca Cola Bottling Company of Northern New England.  Concurrently, a  session on plastic grocery bag recycling programs and bans will be presented by  Tonya Randell of More Recycling and the WRAP Recycling Action Program; Sherill Baldwin of the Connecticut Department of Energy & Environmental Protection and the Connecticut WRAP PROGRAM; Jennie Romer, Esq. of plasticbaglaws.org;  and Kayla Montanya of the New York Department of Environmental Conservation (participating remotely).

These sessions will be followed by Ted Siegler and Natalie Starr of DSM Environmental Services discussing the state of construction and demolition waste in the Northeast region.  And the final session will include Mark Lennon of the The Reuse Network and Kyle Wiens of iFixit discussing the role of reuse for dealing with surplus furnishings as assets and the Right to Repair electronic devices.

Some of the things you can be sure to find at NERC’s Conference include:

  • An Agenda that includes topics identified by NERC’s audience as being the most critical industry issues.
  • Presenters that are experts in understanding and implementing strategies for increasing the diversion of waste materials.
  • A good mixture of sessions, networking time, and social events, that allow you to network with the presenters and attendees.
  • Affordable rates at a Hotel that incorporates green business practices into their operations—towel and linen program, recycling, collection of food scraps for composting, energy efficiency, and the purchase of local foods.

NERC’s conferences and workshops provide attendees with opportunities to learn, share ideas, discuss the issues, and network with others. Frequent attendees include: businesses; federal, state, and municipal environmental officials; recycling trade associations; haulers, processors, and manufacturers; municipal recycling coordinators and facility operators; school and university recycling coordinators; environmental consultants and non-profit organizations; and public and private sector sustainability coordinators.

For more information, visit NERC’s web page or contact Events Coordinator Mary Ann Remolador at 802.254.3636.

***

Contact: Mary Ann Remolador, maryann@nerc.org, 802-254-3636

NERC is a non-profit organization that conducts research, projects, training, and outreach on issues associated with source reduction, reuse, recycling, composting, and environmentally preferable purchasing.

NERC Blog About NERC Projects Resources Conferences & Workshops Advisory Members Consulting Services

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Douglas Landry, AICP Joins Tighe & Bond

Posted August 30, 2017 by
LAND DEVELOPMENT EXPERT CHOSEN TO LEAD FIRM’S REAL ESTATE SECTOR GROWTH

Westfield, Massachusetts – August 30, 2017 – Tighe & Bond, a Northeast leader in engineering and environmental consulting, announced today that Douglas Landry, AICP has joined the firm as a vice president and leader for the firm’s real estate sector. He has 30 years of public and private sector experience, and will serve Tighe & Bond’s real estate development clients across the Northeast, working from the firm’s Westwood, Massachusetts office.

Landry’s career has been defined by his leadership on numerous high profile projects that include all facets of master planning, land development and transportation strategy, zoning, and environmental permitting. Representative projects include the WGBH headquarters in Boston; the Bristol-Myers Squibb large scale cell culture facility at Devens; the Franklin W. Olin College of Engineering in Needham; the Naismith Memorial Basketball Hall of Fame in Springfield; and the China Railway Rolling Stock Corporation (CRRC) MBTA rail car manufacturing and assembly plant in Springfield.

“Doug’s ability to connect with clients and see their big picture goals will help us deliver higher level land use and development strategies to them in a way that reduces risk and streamlines project execution,” says David Pinsky, President and CEO of Tighe & Bond. “We are thrilled that he has joined our team.”

“The professionals at Tighe & Bond foster an extraordinary environment that values true teamwork and meaningful collaboration,” says Landry. “Clients have many choices in the marketplace, but multi-disciplinary teams that are motivated to work well together – and have fun doing it – offer distinct advantages for successful project outcomes. That’s what this company is all about.”

Landry serves on the national Board of Directors of NAIOP (the Commercial Real Estate Development Association) and the National Steering Committee for LOCUS Developers, a private sector-focused program of Smart Growth America. He was recently appointed to the Advisory Committee of Northeastern University’s School of Public Policy & Urban Affairs. He is also a member of the American Planning Association, the Urban Land Institute, and is an active participant with the Massachusetts Alliance for Economic Development (MassEcon). Landry received his Master of Urban Planning from the University of Michigan – Ann Arbor, and his Bachelor of Arts in Political Science from the University of Massachusetts – Amherst.

Landry is a resident of Natick, Massachusetts, where he serves as an elected Town Meeting member and an appointed member of the Economic Development Committee.

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Tighe & Bond

Tighe & Bond, Inc. provides comprehensive engineering and environmental services to hundreds of public and private clients across the northeastern United States, with emphasis on the education, energy, government, healthcare, industrial, real estate, and water/wastewater market.  A staff of more than 320 people work from offices located in Portsmouth, New Hampshire; Westwood, Pocasset, Worcester and Westfield, Massachusetts; Middletown and Shelton, Connecticut; and Rhinebeck, New York.

An employee-owned firm, Tighe & Bond is invested in its clients’ successes. In business for over a century, the firm never stops evolving and improving to keep pace with client needs. Vision, technical expertise, exceptional service and strong client relationships have always been at its forefront.

Engineering News Record ranks Tighe & Bond a top 10 New England design Firm, a top 500 national design firm, and a top 200 environmental firm. Building Design+Construction also ranks Tighe & Bond one of the top 60 engineering firms in the United States, and Zweig Group has recognized Tighe & Bond several times as a best engineering firm to work for in the United States.

For more information, please contact Marketing/Communications Specialist Debbie Whitney at 413-572-3207, or email at DJWhitney@tighebond.com.

www.tighebond.com

Debbie Whitney | Marketing/Communications Specialist

Tighe & Bond | 53 Southampton Road | Westfield, MA 01085 | 413.572.3207

www.tighebond.com | Follow us on:  Twitter  Facebook  LinkedIn

We hope you like our New Website.

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Global Environmental Industry Generates Revenues of $1.16 Trillion in 2016

Posted August 25, 2017 by

News release: August 25th, 2017

—San Diego, Calif.—

The global environmental industry generated revenues of $1.16 trillion on 3.5% growth in 2016 with developing markets setting the pace of growth, but not to the extent they have in the past decade, according to Environmental Business Journal (EBJ).

EBJ’s latest research on global environmental markets reveals that the United States is the world’s largest environmental market with $363.7 billion in revenues and 32% of the global total in 2016. Western Europe follows with 27% share of the environmental market worldwide, Japan ranks third with 10% share, and the Rest of Asia represents 13%.

With the global slump in demand for resources, the fastest growing environmental markets have been in the growing manufacturing economies of Asia including India, China, the Philippines and Indonesia. The Chinese environmental market is estimated by EBJ at $68 billion in 2016 with close to 9% growth, but still poses challenges for global companies.

The environmental industry is comprised of 14 segments with Solid Waste Management, Wastewater Treatment Works and Water Utilities accounting for 43% of revenues globally, a still significant percentage of which are generated by the public sector in these three segments. Clean Energy Systems & Power now represents 20% of the total global market, up from less than 5% as recently as 2004. Environmental Consulting & Engineering, a core environmental service segment, totaled $72 billion worldwide in 2016.

Global Market Drivers Shift From Resources To Infrastructure

According to EBJ’s special biennial edition, despite continuing low oil prices and weaker demand for mined resources, at least half the market for environmental service companies internationally is related to energy or resource development and extraction. However, drivers of environmental work internationally are shifting, and the share of work related to energy and resources has declined in favor of work driven by global corporations and by urbanization and the need for infrastructure.

“Whereas historically international business development strategies have gone where resources and regulations dictated, this will no longer sustain market advantage for leading players,” said Grant Ferrier, president of Environmental Business International Inc. (EBI), publisher of EBJ. “The imperatives of infrastructure investments and planning, building and networking the cities of the future represent expanding opportunities and color the strategic outlook for the global environmental industry.”

Since 2011, environmental industry growth has exceeded global GDP growth by about half a percentage point. Presuming that regional and energy & resource markets regain a more secure footing, EBJ’s forecast calls for 3-4% annual growth in global environmental markets in 2017 and 2018.

EBJ’s Global Environmental Markets 2017 edition breaks down revenues by region, country and by 14 market segments. The global environmental consulting and engineering (C&E) market stood at $69 billion in 2015 to which U.S. firms contributed $30 billion. The top four largest U.S. environmental C&E firms generated 34% of their revenues internationally, and the 45 U.S. environmental C&E firms with revenues of $100-999 million generated 25% of their business overseas.

Regional Prospects, Global Clients, and Biggest Obstacles

The global edition of EBJ also features the results of EBJ’s Global Markets Survey 2017, offering insights into regional prospects for global markets, demand from 24 global client markets, and the opportunities and pitfalls of conducting business internationally.

When asked to rank the biggest obstacles to doing business in Developed Countries the top 5 were:
1. The cost of doing business internationally;
2. Company licensing or certification requirements;
3. State-trading monopoly or state monopoly control of imports;
4. Too much local competition; and
5. Subsidies or tax benefits for competing domestic firms.

The biggest obstacles in Developing Countries were:
1. Contract “risk” of non-payment;
2. Inability to collect;
3. Business or asset ownership restrictions;
4. Safety and security;
5. Lack of intellectual property protection; and
6. Informal “payments” required to conduct business.


For comment and access to research, contact:
Grant Ferrier, President, EBI Inc.
619-295-7685 ext 15
grant@ebimailbox.com
For assistance and support, contact:
619-295-7685 ext 13
celeste@ebimailbox.com

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Rhode Island Society of Environmental Professionals (RISEP) Summer Party

Posted August 23, 2017 by

WHEN:
September 12, 2017
5 p.m. to 8 p.m.

WHERE:
Twelve Acres
North Providence, RI

Dear RISEP Members and Friends,

Please join us on Tuesday September 12 between 5 to 8 pm for RISEP’s annual Summer Party at Twelve Acres in North Providence, Rhode Island. Enjoy an old fashioned Rhode Island barbecue and lobster bake with delicious fixings (steam clams, clam chowder, clam cakes, corn, potatoes and more) among colleagues and friends. Guests are welcome and there will be a cash bar. There will be a cocktail hour between 5 pm and 6 pm, with dinner served at 6 pm. When registering please specify a dinner choice (lobster, steak or chicken).  During the event, RISEP will announce our 2017 scholarship awards.

We welcome sponsorships at Bronze, Silver, and Gold levels, which help support RISEP’s scholarship fund.  You may purchase a sponsorship while registering or contact President Rick Carlone (401-427-2776) for further information.

REGISTER NOW

Registration Deadline-September 5, 2016 

***

RISEP is a nonprofit corporation formed in 1989 to encourage and facilitate the development and support of the environmental services industry in Rhode Island.

More information about our organization is available at www.risep.org.

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Jacobs to Acquire CH2M to Create Premier $15 Billion Global Solutions Provider

Posted August 22, 2017 by

August 02, 2017 06:00 AM Eastern Daylight Time:

(Original Article)

DALLAS & DENVER–(EON: Enhanced Online News)–Jacobs Engineering Group Inc. (NYSE:JEC) and CH2M HILL Companies Ltd. today announced that they have entered into a definitive agreement under which Jacobs will acquire all of the outstanding shares of CH2M in a cash and stock transaction with an enterprise value (EV) of approximately $3.27 billion, including approximately $416 million of CH2M net debt.

The combination unites two industry-leading, innovative companies with complementary capabilities, cultures and relationships, resulting in a differentiated, end-to-end value proposition for clients and an enhanced platform for sustainable, profitable growth.

With trailing twelve month (TTM) revenues of $4.4 billion1 and a team of 20,000 employees, CH2M is a world-renowned design, engineering and program management firm, and is a leader in key infrastructure and government service sectors that Jacobs has previously targeted for growth, including water, transportation, environmental and nuclear. Applying CH2M’s advanced design, technical and program management expertise across Jacobs’ global footprint will enable the combined company to deliver more solutions to more clients in both the government and private sector.

“By increasing our industry reach and adding to our already extensive skills, this transaction enhances our value to our clients and bolsters Jacobs’ position as a premier consulting, design, engineering, construction, and operations and maintenance technical services firm. CH2M brings to Jacobs a talented, engaged team with capabilities and values that are very complementary to our own. Together, we will bring more solutions to our clients, give more opportunity to our employees and create increased value for Jacobs’ shareholders. In addition, this transaction is consistent with our M&A criteria, accelerating our ability to achieve our financial growth targets and propelling Jacobs toward our vision of providing innovative solutions for a more connected, sustainable world,” said Steve Demetriou, Jacobs’ Chairman and CEO.

“We are delighted about the prospects of combining CH2M with Jacobs,” said CH2M Chairman and CEO Jacqueline Hinman. “Since late 2014, we’ve been transparent about our plans to pursue an ownership transition, providing sustained access to capital for growth. Considering all of the options, we focused on securing greater opportunities for our employees, delivering superior value to our clients and enhanced value for our stockholders, all while continuing to serve the higher purpose our company is known for, providing sustainable solutions for a better world. Throughout this time, we strengthened our business portfolio and performance, which put us in a position to deliver the best possible value and outcome for the future of the company. This was the unanimous choice of our Board, and the value Jacobs will provide to our stockholders, reflects genuine appreciation for our employees and the world-class work we deliver to our clients.”

Compelling Strategic Benefits: Advancing Jacobs’ Strategy to Grow in High Margin, High Growth Business Lines2

  • Provides Leading Position in Infrastructure, Including Water and Transportation: Water represents an approximate $100 billion opportunity, growing 4% to 5% on a compounded annual rate. Engineering News-Record has identified CH2M as the top water design firm in the world. By leveraging CH2M’s world-renowned technical expertise in water across Jacobs’ global operating platform and strong project delivery skills, the combined company will have a premier global water business with the scale, critical mass and experience needed to more fully capitalize on industry growth trends.

Jacobs is already a global leader in the resource-constrained $300 billion transportation sector, which includes highways, rail, aviation and ports, and is growing 4% to 5% on a compounded annual rate. This sector has large spend and significant momentum given population growth and associated need for all transportation modes in multiple geographies, particularly in the United States, Australia, New Zealand, Southeast Asia, the Middle East and the United Kingdom. Jacobs’ premier position in transportation with CH2M is expected to make the combined company an employer of choice, enabling it to better attract and retain talent and address the sector’s resource constraints. Capitalizing on Jacobs’ and CH2M’s combined talent, resources and scale creates a unique opportunity to better serve clients and improve the quality and dependability of their infrastructure.

  • Better Positions Jacobs to Achieve Significant Growth in the Government Services Sector by Establishing Jacobs as a Tier 1 Service Provider to the Global Nuclear Industry and Significantly Expanding its Environmental Capabilities: Nuclear represents an approximate $145 billion opportunity, growing 2% to 3% on a compounded annual basis, with nuclear-related projects requiring specialized capabilities that are difficult to replicate. CH2M’s preeminent brand for program and project delivery in large scale environmental remediation in the nuclear industry, coupled with Jacobs’ complementary experience with governmental agencies around the world, including nuclear decommissioning, create significant business expansion opportunities.

Environmental work represents an approximate $160 billion opportunity, growing 4% to 5% on a compounded annual rate. The combined company will have among the broadest and deepest environmental capabilities in the industry. In addition, CH2M’s environmental expertise builds on Jacobs’ existing U.S. Federal client base, positioning the combined company to be a stronger partner for global government clients. Further, this leading environmental capability, from planning and permitting to remediation, is transferable across Jacobs’ private sector client base, creating the opportunity for substantial upside potential for the combined company.

  • Strengthens Capabilities in Industrials, and Petroleum and Chemicals: In Industrials, the transaction combines both companies’ superior engineering skills and proven construction management of high tech facilities to result in world-class, clean manufacturing expertise. This differentiated, end-to-end offering will better position Jacobs to respond to cyclical customer requirements in this sector.

The transaction also enhances Jacobs’ existing position in the petroleum and chemicals industry by providing additional operational and maintenance capabilities for upstream and midstream clients and enabling infrastructure for major petroleum and chemicals projects.

Compelling Financial Benefits: Delivering on Jacobs’ M&A Framework

  • Creates Significant Cost Savings: Jacobs expects to achieve $150 million of annual run-rate cost savings by the end of the second year following the close of the transaction. Savings are expected to come from real estate, optimization of corporate operations, alignment of organizational structures, procurement and IT systems. Jacobs expects to incur approximately $225 million in one-time costs to achieve these savings.
  • Creates Significant Upside Revenue Potential: Through this transaction, Jacobs expects to serve more clients with more solutions in more geographies around the world. This differentiator, combined with CH2M’s proven Program Management / Construction Management (PM/CM) expertise, is expected to create significant revenue upside potential given the companies’ complementary offerings and cross-sell opportunities. For example, following the close of the transaction, Jacobs will be able to offer CH2M’s water capabilities to existing Jacobs clients, deepening the company’s relationships in this growing sector and expanding Jacobs’ scope of work.
  • Transaction Value Represents Attractive Multiple: The transaction value represents an attractive enterprise value multiple of 6.9x TTM adjusted EBITDA3, including cost synergies. Excluding the synergy benefits, the transaction enterprise value represents a multiple of 10.1x TTM adjusted EBITDA. TTM adjusted EBITDA through June 2017 for CH2M is $323 million3.
  • Strong Accretion to Jacobs’ Earnings: The transaction is expected to be 25% accretive to Jacobs’ adjusted cash earnings per share and 15% accretive to Jacobs’ adjusted earnings per share in the first full year post-close4.
  • Maintains Jacobs’ Strong Balance Sheet and Financial Flexibility: Following the close of the transaction, Jacobs expects to maintain an investment grade credit profile with net debt-to-TTM adjusted EBITDA of 1.9x.
  • Maintains Jacobs’ Low-Risk Profile: Post-close,85% of Jacobs’ combined revenue is expected to be derived from projects with reimbursable or lower risk services – continuing to be one of the best risk profiles in the industry.

Comprehensive, Focused, Disciplined Integration Plan

Jacobs has formed an Integration Management Office (IMO) to oversee the integration of the two companies. The IMO will be jointly led by senior executives from both companies on a dedicated, full-time basis, including, as announced separately today, Gary Mandel, most recently Jacobs President of Petroleum & Chemicals, who has been appointed Executive Vice President of Integration for Jacobs, and Lisa Glatch, Executive Vice President for Growth and Sales at CH2M. In addition, Jacobs has hired a leading independent consulting firm to support the integration. Rigorous integration processes and protocols are being established to ensure transparency and accountability for synergy capture. Jacobs’ executive leadership team will be actively involved in integration planning with the Company’s Board of Directors engaged in oversight. At the close of the transaction, Jacobs’ Board will be expanded to include an additional director from CH2M.

In connection with integration planning, Demetriou continued, “Jacobs is leveraging lessons learned from past experiences and is focused on critical success factors, including retaining talent, building on the strong culture foundations of both companies, ensuring base business performance, and developing and delivering cost and growth synergies.

“Jacobs and CH2M have complementary cultures and shared values that put people at the heart of the business. With this foundation and the clear integration plan we have developed, we expect to successfully bring our companies together. We admire CH2M’s engaging culture and look forward to coming together as we work to realize the full benefits of a united team.”

Terms and Financing

Under the terms of the merger agreement, which has been unanimously approved by the Boards of Directors of both companies, CH2M’s stockholders will have the option to elect to receive either $88.08 in cash, 1.6693 shares of Jacobs common stock or a mix of $52.85 in cash and 0.6677 shares of Jacobs common stock subject to proration such that the aggregate consideration paid to CH2M stockholders will equal 60% cash and 40% Jacobs common stock. Following the close of the transaction, CH2M stockholders will own 15% of Jacobs shares on a fully diluted basis based on the number of Jacobs shares outstanding today.

The transaction is not subject to a financing condition. Jacobs expects to finance the $2.4 billion cash required for the transaction through a combination of cash on hand, borrowings under the Company’s existing revolving credit facility and $1.2 billion of new committed 3-year term debt arranged by BNP Paribas and The Bank of Nova Scotia. Jacobs’ post-close liquidity is expected to remain robust at approximately $900 million.

Approvals

The transaction, which is expected to close in Jacobs’ fiscal 2018 first quarter, is subject to the satisfaction of customary closing conditions, including regulatory approvals and approval by CH2M stockholders. Apollo Global Management, LLC (NYSE: APO), which has an approximate 18% voting interest in CH2M, has agreed to vote in favor of the transaction.

Advisors

Perella Weinberg Partners LP and Morgan Stanley & Co. LLC are serving as financial advisors to Jacobs. Fried, Frank, Harris, Shriver & Jacobson LLP and Wachtell, Lipton, Rosen & Katz are serving as legal counsel to Jacobs.

BofA Merrill Lynch and Credit Suisse are serving as financial advisors to CH2M. Latham & Watkins LLP and Richards, Layton & Finger, P.A. are serving as legal counsel to CH2M.

Jacobs Conference Call and Webcast

Jacobs will host a conference call today, August 2, 2017, at 7:30 A.M. CT / 8:30 A.M. ET to discuss this announcement with the financial community. The conference call can be accessed by dialing (833) 231-8270 (U.S./Canada) or (647) 689-4115 (International) and giving the passcode 65134301. A replay of the call will be available from August 2, 2017 until August 8, 2017 by dialing (800) 585-8367 (U.S./Canada) or (416) 621-4642 (International) and by entering the passcode 65134301.

Interested parties can listen to the conference call and view accompanying slides on the internet at www.Jacobs.com.

CH2M Conference Call and Webcast

CH2M will host a special Stockholder Call today, August 2, 2017, at 10:00 A.M. MT / 12:00 P.M. ET, to discuss the details of its proposed combination with Jacobs. Further information about how to participate may be found at ir.ch2m.com.

Note to Editors: Additional information about the transaction can be found at www.Jacobs.com/CH2M.

About Jacobs

Jacobs is one of the world’s largest and most diverse providers of full-spectrum technical, professional and construction services for industrial, commercial and government organizations globally. The company employs over 54,000 people and operates in more than 25 countries around the world. For more information, visit www.jacobs.com.

About CH2M

More than 20,000 employees strong, CH2M leads the professional services industry delivering sustainable solutions to promote positive societal, environmental and economic outcomes through the delivery of infrastructure. CH2Mers make a positive difference providing consulting, design, engineering, operations and maintenance, and program management services for clients needing world-class solutions in environmental; industrial and advanced facilities; transportation; and water, from iconic infrastructure like the Panama Canal to the 2012 Olympic Games in London.

Ranked among the World’s Most Ethical Companies and top firms in environmental consulting and program management, CH2M is the only firm in the engineering and construction industry to receive several prestigious awards, such as the World Environment Center Gold Medal Award for International Corporate Achievement in Sustainable Development, the Stockholm Industry Water Award for its leadership in potable water reuse, and the Catalyst Award for our success in recruiting, developing and advancing women in the workplace. Connect with CH2M at www.ch2m.com; LinkedIn; Twitter; and Facebook.

Forward Looking Statements

Certain statements contained in this document constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Statements made in this press release that are not based on historical fact are forward-looking statements, including statements regarding whether and when the proposed transaction between Jacobs and CH2M will be consummated and the anticipated benefits thereof. Although such statements are based on management’s current estimates and expectations, and currently available competitive, financial, and economic data, forward-looking statements are inherently uncertain, and you should not place undue reliance on such statements as actual results may differ materially. We caution the reader that there are a variety of risks, uncertainties and other factors that could cause actual results to differ materially from what is contained, projected or implied by our forward-looking statements. The potential risks and uncertainties include, among others, the possibility that CH2M may be unable to obtain required stockholder approval or that other conditions to closing the transaction may not be satisfied, such that the transaction will not close or that the closing may be delayed; general economic conditions; the possibility of unexpected costs, liabilities or delays in connection with the transaction; risks that the transaction disrupts current plans and operations of the parties to the transaction; the ability to recognize the benefits of the transaction; the amount of the costs, fees, expenses and charges related to the transaction and the actual terms of any financings that will be obtained for the transaction; the outcome of any legal proceedings related to the transaction; the occurrence of any event, change or other circumstances that could give rise to the termination of the transaction agreement. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements see Jacobs’ Annual Report on Form 10-K for the period ended September 30, 2016, and CH2M’s Annual Report on Form 10-K for the period ended December 30, 2016 and in particular ”Risk Factors” discussing thereunder, as well as Jacobs’ and CH2M’s other filings with the Securities and Exchange Commission. Neither Jacobs nor CH2M is under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.

Additional Information and Where to Find It

In connection with the proposed acquisition of CH2M by Jacobs pursuant to the terms of an Agreement and Plan of Merger by and among CH2M, Jacobs and Basketball Merger Sub Inc., a wholly owned subsidiary of Jacobs (“Merger Sub”), Jacobs intends to file with the Securities and Exchange Commission (the “SEC”) a Registration Statement on Form S-4 (the “Form S-4”) that will contain a proxy statement of CH2M and a prospectus of Jacobs, which proxy statement/prospectus will be mailed or otherwise disseminated to CH2M’s stockholders when it becomes available. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, INVESTORS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS) BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT JACOBS, CH2M AND THE MERGER. Investors may obtain free copies of the proxy statement/prospectus when it becomes available, as well as other filings containing information about Jacobs and CH2M, without charge, at the SEC’s Internet website (http://www.sec.gov). Copies of these documents may also be obtained for free from the companies’ websites at www.jacobs.com or www.ch2m.com

Participants in Solicitation

Jacobs, CH2M and their respective officers and directors may be deemed to be participants in the solicitation of proxies from the stockholders of CH2M in connection with the proposed Merger of Merger Sub with and into CH2M. Information about Jacobs’ executive officers and directors is set forth in its Annual Report on Form 10-K, which was filed with the SEC on November 22, 2016 and its proxy statement for its 2017 annual meeting of stockholders, which was filed with the SEC on December 9, 2016. Information about CH2M’s executive officers and directors is set forth in its Annual Report on Form 10-K, which was filed with the SEC on March 7, 2017, and the proxy statements for its 2017 annual meeting of stockholders, which was filed with the SEC on April 24, 2017. Investors may obtain more detailed information regarding the direct and indirect interests of Jacobs, CH2M and their respective executive officers and directors in the acquisition by reading the preliminary and definitive proxy statement/prospectus regarding the proposed transaction when it is filed with the SEC. When available, you may obtain free copies of these documents as described in the preceding paragraph.

No Offer or Solicitation

This press release relates to a proposed business combination between Jacobs and CH2M. This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. This document is not a substitute for the prospectus or any other document that Jacobs or CH2M may file with the SEC in connection with the proposed transaction. No offering of securities shall be made, except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

1 Pro forma for the deconsolidation of CNEA JV (a large nuclear project in a consolidated Canadian joint venture)

2 Source for all business line opportunity figures: Internal assessment and third-party research

3 TTM as of June 2017; excludes restructuring charges and Inpex/MOPAC changes in project estimates

4 Adjusted cash earnings per share and adjusted earnings per share exclude transaction and integration costs. Adjusted earnings per share also excludes estimated amortization of intangibles

Contacts

Jacobs Engineering Group Inc.
Mendi Head
Vice President, Global Communications
214-920-8015 – office
972-743-7699 – mobile
mendi.head@jacobs.com
or
Media
Joele Frank, Wilkinson Brimmer Katcher
Barrett Golden or Joseph Sala
212-355-4449
or
Investors
Jonathan Doros
Vice President, Investor Relations
214-583-8596 – office
817-239-3457
jonathan.doros@jacobs.com
or
CH2M Corporate Communications
Lorrie Paul Crum
720-286-0255 – office
303-525-2916 – mobile
lorrie.crum@ch2m.com

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