Jacobs plans to use credit facility, cash to fund acquisition of KeyW

By Marisa Wong

Morgantown, W.Va., April 22 – Jacobs Engineering Group plans to use its existing credit facility and cash on hand to finance its acquisition of KeyW, according to a news release.

The transaction is valued at $815 million, including an estimated $272 million of KeyW net debt. The transaction value represents an enterprise value-to-expected 2020 adjusted EBITDA multiple of about 10x, assuming full run-rate cost synergies of $15 million.

The acquisition is not subject to a financing condition, the company noted.

Jacobs is a Dallas-based engineering firm, and KeyW is a Hanover, Md.-based cybersecurity company.

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