AECOM acquires Hunt Construction

AECOM is continuing to expand with the engineering, infrastructure and construction giant announcing the acquisition of US firm, the Hunt Construction Group.

Marion Lopez

The Hunt Construction Group has more than 700 employees in nine US offices and serves clients in the public and private sectors including in the sports, health and aviation markets.

It generated revenues of $US1.2 billion ($A1.28 billion) last year and will significantly add to AECOM’s construction services business to make it one of the largest US builders.

“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,” AECOM president and CEO Michael Burke said.

AECOM construction services chief executive Daniel McQuade added: “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 recognised strength in the commercial tall buildings, residential and hospitality sectors.

“We welcome Hunt’s employees to AECOM and look forward to the continued growth of our construction services practice.”

Hunt Construction Group CEO Mike Fratianni also welcomed the acquisition by AECOM.

“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,” he said.

Fratianni will retain his position in the merged company, as will Hunt chairman Robert Hunt.

The acquisition builds on the definitive agreement AECOM announced on July 13 to acquire engineering and construction specialist the URS Corporation for $6 billion.

The transaction is expected to close in October and is subject to customary closing conditions, including regulatory approvals and approval by AECOM and URS stockholders.

Once the transaction completed, the combined company, including Hunt, will be a fully integrated infrastructure and federal services provider with more than 95,000 employees in 150 countries.

It will have calendar year 2013 pro forma revenues of more than $20 billion.

Most read Archive

loader

Most read Archive