AECOM

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AECOM Technology Corporation
Type Public
Traded as NYSEACM
Industry Architecture; building engineering; construction services; design + planning; economics; energy, environment; government; mining; oil + gas; program, cost, consultancy; program management; transportation and water
Founded 1990
Headquarters City National Bank Tower
Los Angeles, California, United States
Area served Worldwide
Key people Richard G. Newman
(Chairman Emeritus)
John Dionisio
(Executive Chairman) Mike Burke
(President and CEO)
Revenue

Increase $ 8.218 billion (FY 2012)

[1]
Operating income Decrease $ 53.606 million (FY 2012)[1]
Profit Decrease $ 56.933 million (FY 2012)[1]
Total assets Decrease $ 5.665 billion (FY 2012)[1]
Total equity Decrease $ 2.224 million (FY 2012)[1]
Employees 46,800 (Sept 2012)[1]
Subsidiaries List of subsidiaries
Website AECOM

AECOM Technology Corporation (/.ˈkɒm/ US dict: ā·ē·kŏm') is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental, energy, water and government.[2] AECOM had approximately 46,800 employees in Sept 2012,[3] and is listed at #322 on the Fortune 500 list.[4]

The name AECOM is an acronym for Architecture, Engineering, Construction, Operations and Management.[5]

History[edit]

AECOM was launched as an independent company in 1990, though its history can be traced back to the early 20th century and the inception of the Ashland Oil & Refining Company in Kentucky. Through a series of acquisitions and technological developments prior to the buyout, Ashland grew to include chemical, petrochemical, highway construction and construction materials firms within its realm, laying the groundwork for the creation of Ashland Technology in 1985. One of Ashland's acquisitions included Daniel, Mann, Johnson & Mendenhall (DMJM), a transportation-related engineering firm, in 1984. Richard Newman was president of DMJM at the time of the acquisition and was later named president of Ashland Technology. When Ashland chose to return to its core petroleum refining business in the late 1980s, Newman recommended an employee buyback proposal, resulting in the spin-off of Ashland Technology and the creation of AECOM in 1990.

AECOM went public during May 2007 with an initial public offering on the NYSE, netting $468.3 million.[6]

On July 28, 2008, AECOM completed its purchase of Earth Tech Inc., a consulting and engineering firm, from Tyco International for $510 million.[7][8]

On July 13, 2014, AECOM announced its acquisition of URS Corporation, an engineering, construction, and technical services firm for US$56.31 per share in cash and stock.[9]

Management[edit]

AECOM’s first president and CEO was Richard Newman, who came to Ashland through its acquisition of DMJM. Newman served as president of Ashland Technology and was instrumental in the creation of AECOM through an employee buyback when Ashland chose to return to its core petroleum business.

In 2005, Newman turned over AECOM's management to John M. Dionisio, who came to AECOM through Frederic R. Harris, Inc. and served as AECOM's chief operating officer prior to becoming chairman and CEO. In March 2014, Dionisio transitioned AECOM’s chief executive officer role to Mike Burke, its current president and CEO. Dionisio remains on AECOM’s Board of Directors as executive chairman.[10]

In 2007, AECOM added Norman Mineta, the former Secretary of the U.S. Department of Transportation under President George W. Bush and Secretary of U.S. Department of Commerce under President Bill Clinton, to its board of directors. Mineta served on the board until 2011[11]

Business Services[edit]

AECOM provides professional technical and management support services to both public and private sector clients. Services relate to areas including transportation design, water, environmental services, facilities construction, disaster response and governmental assistance.

Corporate Affairs[edit]

AECOM is headquartered in Los Angeles, California, United States, with clients in more than 150 countries. The company reported a revenue of US$8.0 billion during the 12 months ended March 31, 2014.[12]

AECOM currently works in the following areas: the Americas, Europe, Asia, the Middle East, Africa and Australia/New Zealand. The company operates under the following business lines: Architecture; Building Engineering; Construction Services; Design + Planning; Economics; Energy; Environment; Government; Mining; Oil + Gas; Program Management; Program, Cost, Consultancy; Transportation; and Water.

Corporate Recognition[edit]

AECOM has received various awards including the following:

  • Winner of the Institution of Structural Engineers Supreme Award for structural engineering in 2013
  • Financial Times names AECOM Best Workplaces.
  • 2009 “Best of the Best” winner by Black EOE Journal, Hispanic Network Magazine and Professional Woman’s Magazine for its commitment to diversity and its excellence in fostering an inclusive environment for employees, clients and business partners.
  • Women’s Transportation Seminar recognizes AECOM as International Employer of the Year.
  • AECOM named Best Diversity company 2008 and 2009 by readers of Diversity/Careers in Engineering and Information Technology Magazine.
  • 2009 Secretary of Defense Employer Support Freedom Award (recognizing those companies which best support employees who are members of the National Guard and Reserve)
  • Sutong Bridge Project, Jiangsu Province, China—Selected as the world’s 2010 Outstanding Civil Engineering Achievement by the American Society of Civil Engineers (ASCE) in its annual Outstanding Projects and Leaders (OPAL) awards program.
  • Sprinter Rail Line, North County Transit District, San Diego, California – Recognized by the American Public Works Association (APWA) as the National Project of the Year
  • Dr. Martin Luther King, Jr. Memorial Bridge, Virginia – Recognized by the National Steel Bridge Alliance (NSCA) with a Merit Award in the 2009 Prize Bridge Competition
  • I-70/E-470 Fly By Interchange Complex, Aurora, Colorado – Recognized by the Design Build Institute of America (DBIA) with a National Design Build Award

References[edit]

http://www.aecom.com/About/Excellence+and+Awards

Notes[edit]

  1. ^ a b c d e f "AECOM, Form 10-K, Annual Report, Filing Date Nov 19, 2012". secdatabase.com. Retrieved Dec 30, 2012. 
  2. ^ "AECOM Technology Corp.". The New York Times. Retrieved Oct 28, 2013. 
  3. ^ "AECOM, Form 10-K, Annual Report, Filing Date Nov 19, 2012". secdatabase.com. Retrieved Dec 30, 2012. 
  4. ^ Fortune, Fortune 500, 2009.
  5. ^ "AECOM sells Earth Tech’s water jewels". Global Water Intelligence (Oxford: Media Analytics Ltd.) 9 (8). August 2008. Archived from the original on August 8, 2010. Retrieved August 8, 2010. "AECOM originally stood for Architecture, Engineering, Construction, Operations and Management" 
  6. ^ "AECOM, Form 10-K, Annual Report, Filing Date Dec 13, 2007". secdatabase.com. Retrieved Dec 30, 2012. 
  7. ^ "AECOM, Form 8-K, Current Report, Filing Date Feb 12, 2008". secdatabase.com. Retrieved Dec 30, 2012. 
  8. ^ "AECOM, Form 8-K, Current Report, Filing Date Jul 31, 2008". secdatabase.com. Retrieved Dec 30, 2012. 
  9. ^ "AECOM to acquire URS Corporation". AECOM. Retrieved Jul 17, 2014. 
  10. ^ http://www.theconstructionindex.co.uk/news/view/aecom-names-next-ceo
  11. ^ "Norman Y. Mineta". Bloomberg. Retrieved Oct 28, 2013. 
  12. ^ http://www.nasdaq.com/press-release/aecom-reports-secondquarter-fiscal-year-2014-results-20140506-00244

External links[edit]