Construction management firm significantly expands AECOM’s presence
in the U.S. construction services market.
LOS ANGELES--(BUSINESS WIRE)--Jul. 29, 2014--
AECOM Technology Corporation (NYSE:ACM), the world’s #1-ranked
engineering design firm, announced today that it has acquired Hunt
Construction Group, significantly adding to AECOM’s construction
services business.
Hunt Construction Group, which serves clients in both the public and
private sectors, is one of the country’s leading commercial construction
management firms. It was established in 1944, has more than 700
employees in nine U.S. offices and generated revenues of US$1.2 billion
in 2013.
“The addition of Hunt’s people and resources immediately makes AECOM one
of the largest U.S. builders,” said Michael S. Burke, AECOM president
and chief executive officer. “This important expansion of our build
expertise reflects the continued advancement of our strategy to create
an integrated delivery platform with superior capabilities to design,
build, finance and operate infrastructure assets globally.”
On July 13, AECOM announced a definitive agreement to acquire URS
Corporation, a transaction that is expected to close in October 2014.
The transaction is subject to customary closing conditions, including
regulatory approvals and approval by AECOM and URS stockholders. The
combined company, including Hunt, would be a leading, fully integrated
infrastructure and federal services provider with more than 95,000
employees in 150 countries. It would have calendar year 2013 pro forma
revenues of more than US$20 billion.
“Hunt presents a compelling strategic fit for our business — combining
its expertise in the sports, health care and aviation markets with our
construction services team’s recognized strength in the commercial tall
buildings, residential and hospitality sectors,” added Daniel P.
McQuade, AECOM chief executive, construction services. “We welcome
Hunt’s employees to AECOM and look forward to the continued growth of
our construction services practice.”
“Becoming part of AECOM provides expanded growth opportunities for our
business and our people, as we are now better positioned to continue
working on the largest and most challenging projects,” said Hunt
Construction Group Chief Executive Mike Fratianni, who will retain his
position with the operation, as will current Chairman Emeritus Robert
Hunt.
Recent Hunt Construction Group projects include Marlins Park in Miami,
home of Major League Baseball’s Miami Marlins; and the Maynard H.
Jackson Jr. International Terminal at Hartsfield-Jackson Atlanta
International Airport. Hunt also managed the construction of facilities
at which AECOM provided design services, such as the Barclays Center in
Brooklyn, N.Y., and the Proton Therapy Clinic at the Mayo Clinic in
Phoenix.
About AECOM
Ranked as the #1 engineering design firm by revenue in Engineering
News-Record magazine’s annual industry rankings, AECOM is a premier,
fully integrated infrastructure and support services firm, with a broad
range of markets, including transportation, facilities, environmental,
energy, water and government. With approximately 45,000 employees —
including architects, engineers, designers, planners, scientists and
management and construction services professionals — serving clients in
more than 150 countries around the world, AECOM is a leader in all of
the key markets that it serves. AECOM provides a blend of global reach,
local knowledge, innovation and technical excellence in delivering
solutions that create, enhance and sustain the world's built, natural
and social environments. A Fortune 500 company, AECOM had
revenue of $8.0 billion during the 12 months ended March 31, 2014. More
information on AECOM and its services can be found at www.aecom.com.
About Hunt Construction Group
In its 70-year history, Hunt has been known as one of the nation’s
leading construction services firms consistently ranking among the top
contractors by Engineering News-Record. Growth and innovation are
the cornerstones of Hunt’s team, and it prides itself on being among the
best in construction management, design-build, integrated project
delivery, general contracting and preconstruction services. For more
information on Hunt, visit www.huntconstructiongroup.com.
Forward-Looking Statements: All statements in this press release
other than statements of historical fact are "forward-looking
statements" for purposes of federal and state securities laws, including
any projections of earnings, statements of plans for future operations
or expected revenue, the expected timetable for completing the proposed
transaction with URS Corporation and the combined companies’ plans,
objectives, expectations and intentions. Actual results could differ
materially from those projected or assumed in any of our forward-looking
statements. Important factors that could cause actual results to differ
materially from our forward-looking statements are set forth in our
quarterly report on Form 10-Q for the fiscal quarter ended March 31,
2014, and our other reports filed with the U.S. Securities and Exchange
Commission. AECOM does not intend, and undertakes no obligation,
to update any forward-looking statement.
In connection with the proposed transaction with URS Corporation, AECOM
intends to file with the SEC a registration statement on Form S-4 that
will include a joint proxy statement of AECOM and URS that also
constitutes a prospectus of AECOM. Investors and security holders are
urged to read the joint proxy statement/prospectus and other relevant
documents filed with the SEC, when they become available, because they
will contain important information about the proposed transaction.
Additionally, information about the transaction is available online at www.aecom-urs.com.
This document shall not constitute an offer to sell or the solicitation
of an offer to buy any securities, nor shall there be any sale of
securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. No offering of securities
shall be made except by means of a prospectus meeting the requirements
of Section 10 of the U.S. Securities Act of 1933, as amended.
NR 14-0706
Source: AECOM Technology Corporation
AECOM Technology Corporation
Media Contact:
SVP & Chief
Communications Officer
Paul Gennaro, 212-973-3167
Paul.Gennaro@aecom.com
or
Investor
Contact:
SVP, Investor Relations
Paul Cyril, 213-593-8322
Paul.Cyril@aecom.com