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Global Design Giant W.S. Atkins Plans New Foray into U.S. Market

Publication Date: 8/2/2010
Author: Peter Reina and Debra K. Rubin
Format: HTML

U.K.—based designer W.S. Atkins plc will significantly boost its U.S. market stake with the Aug. 2 announcement of plans to acquire Tampa, Fla.-based transportation engineer and construction manager PBSJ Corp. in a $280-million cash transaction. The proposed deal also provides the U.S. firm with a needed capital infusion for growth and an ownership transition following several tough years financially and recent efforts to seek a buyer.

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