In an all-cash deal, Moon Township, Pa.-based Michael Baker Corp. purchased Nevada's largest architecture firm, JMA. Financial terms were not disclosed.
Michael Baker Corp. (BKR) stock was valued at $24.95/share on June 9, down 38.6% from a 52-week high of $40.64. The 71-year-old engineering, design and survey firm had $499.4 million in billings in 2010. It has 90 offices and 2,800 employees across the U.S.