COSTA MESA, Calif.--(BUSINESS WIRE)--D.A. Davidson announced today that it served as exclusive financial advisor to J.L. Patterson & Associates, Inc. (JLP), a design, engineering, construction management, and environmental services provider for the rail industry, on its sale to Jacobs Engineering Group, Inc. (NYSE: JEC). Financial terms of the transaction were not disclosed.
"JLP is clearly a leader in the rail engineering space, an attractive and growing market within the E&C sector," said Monte Giese, co-head of investment banking and head of Davidson's E&C group. "We believe Jacobs is the highest quality partner for the next phase of JLP's growth."
About D.A. Davidson & Co.
D.A. Davidson & Co. is a full-service investment firm with operations throughout the country. D.A. Davidson’s Equity Capital Markets Group offers a full suite of investment services and products, including investment banking, institutional sales, trading, research and corporate services. D.A. Davidson’s investment banking team provides merger and acquisition services, strategic advisory and access to public and private capital markets. In addition, the firm’s industry-driven research team offers award-winning research and is supported by a dedicated group of sales and trading professionals.
The Equity Capital Markets Group is based in Portland, Ore., and operates from offices in Baltimore; Boston; Chicago; Denver; Great Falls, Mont.; Minneapolis; New York; Orange County, Calif.; Salt Lake City; and Seattle.
D.A. Davidson & Co. is one of four firms within D.A. Davidson Companies, an employee-owned financial services company celebrating its 80th year in business.