|The Austin Company and McClier Join Forces in Austin AECOM|
New Entity Broadens AECOM's Design-Build Resources
LOS ANGELES (Feb. 7, 2005) - AECOM announced the formation of Austin AECOM, the newest addition to the AECOM family of operating companies. Austin AECOM represents the joinder of AECOM's McClier Corporation and the Southwest and Midwest regional operations of The Austin Company into a new company, Austin AECOM.
Headquartered in Chicago, Austin AECOM is part of the AECOM Facilities Group, which has 2,500 professionals in offices throughout the Americas, Europe, Asia, and the Middle East. Austin AECOM brings together a comprehensive international portfolio of design-build expertise along with architecture, engineering, and construction management services. The new entity will serve the life sciences and pharmaceutical, food and consumer products, newspaper and media, industrial, distribution, commercial and institutional, petrochemical quality testing and R&D, and aviation sectors.
"By combining McClier with two strong regional operations of Austin, AECOM has gained a major competitive advantage in several key markets and broadened our design-build capability. There is one element driving this move -mutual advantage in serving our clients. The transaction gives Austin AECOM an unmatched reservoir of expertise," explains Austin AECOM President and Chief Operating Officer Ken Terpin, who formerly headed McClier.
Beyond the formation of Austin AECOM, The Austin Company will continue to operate through four offices in Cleveland, Atlanta, Kansas City and Irvine, as well as its Ragnar Benson and Austin UK Subsidiaries. The Austin Company and AECOM have plans for additional cooperative ventures in selected markets.
Pat Flanagan, president of The Austin Company, agrees the deal is mutually advantageous. "We see this as an exciting opportunity to work with AECOM in the future. While we are divesting a portion of our firm, we are gaining access to AECOM's worldwide network and we look forward to building upon this foundation."
*Modified for distribution April 14, 2005