Aecom buys Hunt Construction Group
In July, Aecom announced a definitive agreement to buy URS Corporation
Building consultancy giant Aecom has acquired commercial construction management firm Hunt Construction Group.
Established in 1944, Hunt has more than 700 employees in nine US offices and generated revenues of $1.2bn in 2013.
“The addition of Hunt’s people and resources immediately makes Aecom one of the largest US 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.”
In July, 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 $20bn.
“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.