Balfour Beatty to acquire PB in $626m deal

UK construction group Balfour Beatty is set to acquire engineering and consulting companyParsons Brinckerhoff (PB) in a $626 million deal aimed at turning Balfour into an “integrated leader” in the infrastructure services sector. Balfour revealed this afternoon that it has reached a conditional agreement with the management of the US company, which is currently owned by its employees. […]