Is Urs owned by AECOM?
On October 20, 2014, URS was officially acquired by AECOM. URS provided ongoing management and operation of the 4,200-acre Kennedy Space Center complex, including its 900 mission-specific facilities, 16,000 unique NASA systems and equipment, and 600 unique U.S. Air Force systems and equipment.
Why did Washington group buy Urs?
“We have great respect for the URS team, our businesses complement each other, and we have highly compatible cultures,” said Washington Group Chief Executive Stephen Hanks. The purchase “positions us strategically in markets we think have very aggressive long-term growth profiles,” said URS Chief Executive Martin Koffel.
Who is URS Corporation?
URS Corporation’s oldest predecessor company was founded in 1904. URS was established in 1951 and incorporated in 1957 as Broadview Research – a research group active in the area of physical and engineering sciences. In 1967, management developed a growth strategy focused on building a multidisciplinary professional services firm.
Who are the major investors in Urs?
A major investor was Richard Blum, husband of Senator Dianne Feinstein. As of June 2013, the firm had more than 50,000 employees worldwide, in nearly 50 countries. Following announcements in early February 2014 that the fiscal year 2013 revenue and earnings were below expectations, URS made some management changes.
Is Urs owned by AECOM?
AECOM announced today that the company has completed its acquisition of URS Corporation with broad support from stakeholders following approval of the merger agreement by URS' stockholders and the stock issuance proposal by AECOM's stockholders at each company's respective special stockholder meetings held on Oct.
When did AECOM purchase URS?
October 17, 2014URS was publicly traded as NYSE: URS from January 13, 1978 through its acquisition by AECOM on October 17, 2014. It was originally traded as Thortec. A major investor was Richard Blum, husband of Senator Dianne Feinstein. As of June 2013, the firm had more than 50,000 employees worldwide, in nearly 50 countries.
Who purchased AECOM?
Design and engineering firm Aecom has sold its Management Services business – which provides consulting services to the government sector – to private equity firms American Security and Lindsay Goldberg.
How much did AECOM pay for URS?
Los Angeles engineering design firm Aecom Technology Corp. finalized its acquisition of rival URS Corp. Friday, completing a $6-billion deal that makes it the largest publicly traded company in Los Angeles. The two California construction and engineering giants announced the deal in July.
What happened to AECOM?
In October 2020, AECOM announced the sale of its Power construction business to private equity firm CriticalPoint Capital. In December 2020, AECOM announced the sale of its Civil construction business, including Shimmick Construction, to private equity firm Oroco Capital, which completed January 5, 2021.
What does AECOM do?
Today, listed at #157 on the Fortune 500 as one of America's largest companies, AECOM is the world's premier infrastructure firm with an unrivaled heritage delivering design, planning, engineering, consulting and construction management solutions.
Is AECOM or WSP bigger?
AECOM would be WSP's largest acquisition by far. The two companies have similar market capitalizations at about $8 billion each. But AECOM's revenues were more than triple those of WSP last year, and AECOM has about 100,000 employees, nearly twice the size of WSP's workforce.
Who has WSP bought?
WSP acquires Louis Berger, a US-headquartered leading international professional services firm with approximately 5,000 employees.
Who is Lara Poloni?
Lara Poloni is President of AECOM (NYSE:ACM), the world's trusted infrastructure consulting firm delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. A longstanding member of the AECOM team, Ms.
When did AECOM become Amentum?
As of January 31, 2020, AECOM has completed the sale of its Management Services business to affiliates of Lindsay Goldberg and American Securities LLC who have created a new entity, Amentum.
Where is AECOM headquarters?
Dallas, TXAECOM / Headquarters
Who sold URS?
URS staff in the UK and internationally were stunned on Monday after arriving at work to hear news that they had been sold to US giant AECOM and would be joining a vast new global business.
When did URS buy Scott Wilson?
Around half of the URS UK staff are former employees of Scott Wilson which was bought by URS as part of a £230M deal in July 2010.
When did URS become profitable again?
URS became profitable again in 1991, when revenues were about $120 million. By October 1992, backlog had increased to $278 million, up 25 percent in a year. Revenues rose 11 percent while net income leaped 86 percent to $4.3 million. The public sector accounted for 80 percent of business.
How many sales and engineering offices did URS have?
By the mid-1980s, URS Corporation had 40 sales and engineering offices in the United States.
What is URS Greiner?
The deal doubled Greiner's workforce of 1,500 and made URS Greiner a top-five architectural company. Greiner, which specialized in designing schools, brought with it some international operations, based in Malaysia, and reduced URS's dependence on the environmental business and the federal government.
When did Thortec go public?
Public As Thortec in 1987. URS underwent a major restructuring in 1987. It changed its name to Thortec International Inc. (and its NYSE ticker symbol to THT) in November and offered a 35 percent interest in its URS International Inc. subsidiary on the London Unlisted Securities Market.
Where is Thortec's headquarters?
Soon, URS Engineers would be the company's only operating unit. In June 1989, Thortec relocated its headquarters from San Mateo to the San Francisco office of its largest subsidiary, URS Consultants. Revenues fell about 10 percent, to $99.4 million, in the fiscal year ended October 31.
How much was the backlog of the GE building company in 1985?
The company's backlog was $70 million in 1985.
When did URS software close?
URS closed its software unit in May 1990. Westborough, Massachusetts-based Mitchell Management Systems Inc. had accounted for 8 percent of URS's $99.5 million in revenue for fiscal 1989, but lost $3.3 million that year and $1.4 million the year before. The restructuring produced some tangible results.
