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Transactions - NOVEMBER 23, 2021

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Jacobs forms electric vehicle partnership with Microgrid Labs

by Kali Persall

Jacobs, a Texas-based civil engineering firm, has formed a strategic relationship with Microgrid Labs (MGL), a Colorado-based software and consulting company specializing in commercial fleet electrification and microgrids.

Through a minority investment agreement and strategic relationship with MGL, Jacobs will seek to expand upon its offerings in the burgeoning vehicle electrification space.

There are more than 250 million highway-registered vehicles in the United States, including an estimated 145,000 public transit vehicles, 480,000 school buses, 38 million trucks and more than 200 million light-duty vehicles. According to a Research and Markets report, the global electric vehicle market is expected to reach $140 billion by 2027.

“This transaction offers both immediate and long-term benefits for Jacobs' green transportation clients,” said Patrick Hill, executive vice president and president of People and Places Solutions at Jacobs. “In deliverin

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