Construction management firm significantly expands AECOM’s presence in the U.S. construction services market
AECOM, the world’s #1-ranked engineering design firm, reported third-quarter revenue of $2.0 billion and net service revenue of $1.2 billion announced that it has acquired Hunt Construction Group, significantly adding to AECOM’s construction services business.
The Dallas-based company, Hunt Construction Group, serves clients in both the public and private sectors, and 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.
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.
“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.
“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.
With the two acquisitions, AECOM becomes 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.