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AECOM

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AECOM Technology Corporation
Company typePublic (NYSE: ACM)
IndustryEngineering and architectural design
Founded1990
Headquarters
United States Los Angeles, CA
Area served
Worldwide
Key people
Richard Newman
(Chairman)
John M. Dionisio
(President), (CEO) & (Director)
RevenueIncrease US$ 6.1 billion (2009)
Increase US$ 286.9 million (2009)
Increase US$ 351.2 million (2009)
Total assetsIncrease US$ 3.8 billion (2009)
Total equityIncrease US$ 1.7 billion (2009)
Number of employees
45,000 (2009)
SubsidiariesList of subsidiaries
WebsiteAECOM.com

AECOM Technology Corporation (NYSE: ACM; pronounced A-E-COM) is one of the world's largest engineering and architectural design firms, ranked number two by Engineering News-Record and number one by Architectural Record.[1][2] It provides professional, technical and management support services, specifically in the areas of transportation, facilities, environmental and energy. It has more than 45,000 employees in more than 100 offices. AECOM is a Fortune 500 company.[3]

History

AECOM was launched as an independent company in 1990, though its history can be traced back to the early 1900s and the inception of the Ashland Oil & Refining Company in Lexington, Kentucky. Through a series of acquisitions and technological developments, 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 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 1990 creation of AECOM, an acronym for Architecture, Engineering, Consulting, Operations and Maintenance.

After scuttling a first attempt in 2002, AECOM went public in May 2007 with an initial public offering on the NYSE, netting $470 million.[4] The company is planning a re-branding exercise in 2009, after which the majority of its subsidiaries will operate under the AECOM name.

On July 28, 2008, AECOM completed its purchase of Earth Tech, Inc., a consulting and engineering firm, from Tyco International for $510 million.[5][6]

In September 2008, ENSR (part of AECOM) and Citation Technologies Launch New International EHS Audit Protocol Platform and regulatory research tool -- “IAPC Interactive.” [7]

Management

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.

Newman turned over AECOM's management to its current president and CEO, John Dionisio, in October 2005 and remains the company chairman. John Dionisio also came to AECOM through Frederic R. Harris, Inc. and served as AECOM's chief operating officer prior to becoming president and CEO.

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.

The current management includes:

  • John M. Dionisio, president and CEO
  • Richard Newman, chairman
  • James Royer, vice chairman
  • Michael Burke, executive vice president, chief corporate officer and CFO
  • Jane Chmielinski, chief corporate officer

Business Services

AECOM is a global provider of professional technical and management support services to both public and private sector clients with projects on all seven continents. The corporation's reach extends to transportation projects, environmental services, facilities construction, disaster response and governmental assistance. Recent examples include:

  • an upcoming $20 million Toronto-York subway extension[8]
  • a $12.5 million contract renewal providing environmental and engineering services to the U.S. Coast Guard[9]
  • a $149 million port project in Doha, Qatar[10]

Subsidiaries

As of November 1, 2009, all former subsidiary companies are known as AECOM. The former subsidiaries were:

  • AECOM Enterprises
  • Boyle Engineering
  • Cansult Maunsell
  • CityMark Architects and Engineers
  • CTE (Consoer Townsend Envirodyne)
  • DMJM (Daniel, Mann, Johnson, & Mendenhall)
  • DMJM Aviation
  • DMJM Harris
  • DMJM HN
  • Earth Tech
  • EDAW Inc.
  • Ellerbe Becket
  • ENSR International
  • ERA (Economics Research Associates)
  • Faber Maunsell
  • Frederic R. Harris
  • Gartner Lee
  • HSMM (Hayes, Seay, Mattern & Mattern Inc.)
  • LAN Engineering
  • Maunsell
  • Metcalf + Eddy
  • PT Maunsell
  • Savant
  • Sindhu Maunsell
  • SSI Services Inc.
  • STS Consultants
  • Tecsult
  • TCB (Turner Collie & Braden Inc.)
  • TSH (Totten Sims Hubicki Ltd.)
  • UMA Engineering Ltd.

References

Notes

  1. ^ Engineering News-Record,The Top 500 Design Firms, 2009
  2. ^ Architectural Record, [1], June 2009
  3. ^ Fortune, Fortune 500, 2009.
  4. ^ Korman, Richard (June 21, 2007). "Podcast: John M. Dionisio and Richard G. Newman: AECOM's Successful IPO". New York: Engineering News-Record and McGraw-Hill. Archived from the original (html) on November 8, 2009. ("Podcast: John M. Dionisio and Richard G. Newman: AECOM's Successful IPO (Audio file)". Archived from the original (mp3) on November 8, 2009.)
  5. ^ Rubin, Debra K. (August 1, 2008). "MTA Names New Construction Head As AECOM Buys His Former Firm". Engineering News-Record. New york: McGraw-Hill. Archived from the original on November 18, 2009. Retrieved November 18, 2009. The megagiant also announced July 28 that it has completed its purchase of Earth Tech Inc., the Long Beach, Calif.-based engineering firm, that had been owned by Tyco International Ltd.
  6. ^ Korman, Richard (February 12, 2008). "AECOM Plans to Buy Earth Tech, Boyle Engineering". Engineering News-Record. New York: McGraw-Hill. Archived from the original on November 18, 2009. Retrieved November 18, 2009. Using some of the funds it raised from last May's successful initial public offering, AECOM plans to acquire Earth Tech, from Tyco International Ltd., for $510 million in cash.
  7. ^ http://www.ensr.aecom.com/NewsMedia/54/03/index.jsp
  8. ^ AECOM press release, 12/01/2008
  9. ^ AECOM press release, 11/12/2008
  10. ^ AECOM press release, 11/11/2008

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