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BUSINESS
January 23, 1996 | JACK SEARLES
A three-company team has been awarded a five-year contract to provide engineering and other services to the Navy's Air Warfare Center Weapons Division bases at Point Mugu and China Lake. One of the firms, Sverdrup Technology, has opened an office on Solar Drive in Oxnard and expects to hire several hundred new employees in Ventura County in the next several years. Sverdrup, a unit of the St. Louis-based Sverdrup Corp., joined with Aegir Systems of Oxnard and INS Inc. of Bensalem, Pa.
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BUSINESS
December 10, 1998 | From Times Staff and Wire Reports
Jacobs Engineering Group Inc. of Pasadena on Wednesday agreed to buy closely held engineering firm Sverdrup of St. Louis for about $200 million in cash. The combination would form the sixth-largest construction and engineering company in the U.S. The agreement must be approved by Sverdrup shareholders. Jacobs said that Sverdrup shareholders could realize an additional $30 million during the next three years if the price of Jacobs' shares rise above certain thresholds, which were not revealed.
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BUSINESS
November 6, 1998 | JAMES F. PELTZ, TIMES STAFF WRITER
Jacobs Engineering Group Inc. in Pasadena said Thursday it is in talks to purchase another large-scale engineering and construction company, privately held Sverdrup Corp. of St. Louis. The proposed merger, aimed at giving the combined companies the "critical mass" needed to offer clients a broader range of services, would lift Jacobs' annual revenue to nearly $3 billion, and give it more than 23,000 employees. Potential terms of a deal weren't disclosed.
BUSINESS
November 6, 1998 | JAMES F. PELTZ, TIMES STAFF WRITER
Jacobs Engineering Group Inc. in Pasadena said Thursday it is in talks to purchase another large-scale engineering and construction company, privately held Sverdrup Corp. of St. Louis. The proposed merger, aimed at giving the combined companies the "critical mass" needed to offer clients a broader range of services, would lift Jacobs' annual revenue to nearly $3 billion, and give it more than 23,000 employees. Potential terms of a deal weren't disclosed.
BUSINESS
December 10, 1998 | From Times Staff and Wire Reports
Jacobs Engineering Group Inc. of Pasadena on Wednesday agreed to buy closely held engineering firm Sverdrup of St. Louis for about $200 million in cash. The combination would form the sixth-largest construction and engineering company in the U.S. The agreement must be approved by Sverdrup shareholders. Jacobs said that Sverdrup shareholders could realize an additional $30 million during the next three years if the price of Jacobs' shares rise above certain thresholds, which were not revealed.
CALIFORNIA | LOCAL
December 14, 1990 | ERIC BAILEY
Setting the stage for construction of three tollways planned in Orange County, transportation officials on Thursday selected three engineering firms to keep tabs on the day-to-day efforts to build the highways. The tollway agencies voted unanimously to choose Ebasco Services Inc., Harris & Associates, and the Sverdrup-Bechtelconsortium to shepherd construction work on the ambitious new projects.
BUSINESS
March 13, 1996
The Orange County office of Sverdrup Facilities Inc. landed a $20-million contract to design and build military family housing at Kirtland Air Force Base in New Mexico. The contract won't result in any additional hiring to supplement the 250 employees at Sverdrup's Costa Mesa office. The project, scheduled to be completed in the fall of 1997, is the first of what the St. Louis design-and-construction firm hopes will be a big increase in military housing work.
BUSINESS
November 30, 1990
Novadyne Computer Systems Inc., a field service and computer systems distribution company, broke ground last month on its new headquarters building in Santa Ana, which consists of a three-story office wing and a two-story warehouse. When completed in October, 1991, the facility will house about 400 of the company's 1,000 employees. FACTS AND FIGURES Address: St. Andrew Place and Lyon St., Santa Ana Developer: McDonnell Douglas Realty Co. Architect: Sverdrup Corp.
BUSINESS
October 26, 1990 | DEAN TAKAHASHI, TIMES STAFF WRITER
Novadyne Computer Systems Inc., a computer maintenance and hardware distribution company, said Thursday that it plans to move next year into a new $25-million headquarters here. Novadyne is a former McDonnell Douglas Corp. subsidiary that was spun off as an independent company in a $65-million management buyout in July. The new 170,000-square-foot headquarters will house Novadyne's 400 local employees and will be across the street from its current headquarters on St. Andrews Place. Bert J.
NEWS
February 6, 1992 | MIKE WARD, TIMES STAFF WRITER
The Pomona City Council has awarded a $4-million contract to build the world's largest facility to remove nitrates from water. Anthony J. Skvarek, a Water Department manager, said the plant--to be built at a reservoir at 3rd and Electra streets--will reduce the city's dependence on imported water by removing nitrates from ground water. Nitrates have seeped into the Chino Basin from fertilizer used in citrus groves and from dairy and livestock operations in the region, he said.
BUSINESS
March 13, 1996
The Orange County office of Sverdrup Facilities Inc. landed a $20-million contract to design and build military family housing at Kirtland Air Force Base in New Mexico. The contract won't result in any additional hiring to supplement the 250 employees at Sverdrup's Costa Mesa office. The project, scheduled to be completed in the fall of 1997, is the first of what the St. Louis design-and-construction firm hopes will be a big increase in military housing work.
BUSINESS
January 23, 1996 | JACK SEARLES
A three-company team has been awarded a five-year contract to provide engineering and other services to the Navy's Air Warfare Center Weapons Division bases at Point Mugu and China Lake. One of the firms, Sverdrup Technology, has opened an office on Solar Drive in Oxnard and expects to hire several hundred new employees in Ventura County in the next several years. Sverdrup, a unit of the St. Louis-based Sverdrup Corp., joined with Aegir Systems of Oxnard and INS Inc. of Bensalem, Pa.
CALIFORNIA | LOCAL
December 14, 1990 | ERIC BAILEY
Setting the stage for construction of three tollways planned in Orange County, transportation officials on Thursday selected three engineering firms to keep tabs on the day-to-day efforts to build the highways. The tollway agencies voted unanimously to choose Ebasco Services Inc., Harris & Associates, and the Sverdrup-Bechtelconsortium to shepherd construction work on the ambitious new projects.
BUSINESS
May 31, 1995 | CHRIS WOODYARD, TIMES STAFF WRITER
Four days after saying the Navy would cancel a longstanding contract effective today, Comarco Inc. said Tuesday that the Navy has asked the company to continue providing engineering services at its China Lake air base for four more months. Comarco, which has served the Navy for more than 30 years, depends on the military branch for 15% of its annual revenue and 12% of its profit. But the company has been anticipating the loss of the contract and has been diversifying its activities, said Don M.
BUSINESS
November 6, 1998 | JAMES F. PELTZ, TIMES STAFF WRITER
Jacobs Engineering Group Inc. in Pasadena said Thursday it is in talks to purchase another large-scale engineering and construction company, privately held Sverdrup Corp. of St. Louis. The proposed merger, aimed at giving the combined company the "critical mass" needed to offer clients a broader range of services, would lift Jacobs' annual revenue to nearly $3 billion, and give it more than 23,000 employees. Potential terms of a deal weren't disclosed.
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