Summary

 
Parsons Brinckerhoff [PB] is an old line Engineering Construction i.e. Engineering, Procurement and Construction [EPC] with strong roots in USA particularly Highways, Bridges and Rapid Transit (e.g. BART). Balfour’s acquisition provides PB will capability to expand its service base to include own and operate. Balfour should be able to facilitate European [e.g. UK] investing in public-private partnerships.

Analysis

 
Balfour acquisition of Parsons Brinckerhoff expands service base from EPC to own and operate with added benefit of European self-financing.
Parsons Brinckerhoff [PB] is an old line Engineering Construction i.e. Engineering, Procurement and Construction [EPC] with strong roots in USA particularly Highways, Bridges and Rapid Transit (e.g. BART). Balfour’s acquisition provides PB will capability to expand its service base to include own and operate. Balfour should be able to facilitate European [e.g. UK] investing in public-private partnerships.
Parsons Brinckerhoff/Balfour [PB/B] provides a full-service engineering, construction with self-financing and own/operate capability. PB/B will be able to address the American Recovery Reinvestment Act [ARRA] infrastructure projects e.g. High Speed Rail, Roads & Bridges. PB/B forms a stronger competitor against EPC firms e.g. URS, Jacobs, MACTEC, Arcadis.

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