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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 G. Newman
(Chairman)
John M. Dionisio
(President), (CEO) & (Director)
RevenueIncrease US$ 6.3 billion (2010)
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
47,000 (2010)
SubsidiariesList of subsidiaries
WebsiteAECOM.com

AECOM Technology Corporation (NYSE: ACM; /eɪ.iːˈkɒm/, Template:USdict) is a professional technical and management support services firm. The company is ranked as the number one design firm for 2010 by Engineering News-Record and number one by Architectural Record.[1][2] It provides services in the areas of transportation, facilities, environmental, energy, water and government. With approximately 51,000 employees, AECOM is listed at #352 on the Fortune 500 list.[3]

The name AECOM is an acronym for Architecture, Engineering, Consulting, Operations and Management.[4]

History

AECOM was launched as an independent company on April 6, 1990[5] with the employee buyout of Ashland Technology Corporation from its parent company, Ashland Oil & Refining Company in Lexington, Kentucky. The history of AECOM can be traced back to the early 1900s through companies that have merged together to form the present day company.[6] 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.

After scuttling a first attempt in 2002, AECOM went public in May 2007 with an initial public offering on the NYSE, netting $470 million.[7] The company underwent a re-branding in 2009, after which the majority of its subsidiaries began operating 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.[8][9]

In September 2008, AECOM and Citation Technologies launched a new international EHS Audit Protocol Platform and regulatory research tool - “IAPC Interactive.” [10]

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. Dionisio 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 G. Newman, chairman
  • James R. Royer, vice chairman
  • Michael S. Burke, executive vice president, chief corporate officer and CFO
  • Jane A. 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 design, water, environmental services, facilities construction, disaster response and governmental assistance. Projects include:

  • An upcoming $20-million Toronto-York subway extension[11]
  • A $US12.5-million contract renewal providing environmental and engineering services to the U.S. Coast Guard[12]
  • A US$210-million contract to provide program management services for Saadiyat Island in Abu Dhabi, United Arab Emirates[13]
  • A $149-million port project in Doha, Qatar[14]
  • A US$210-million project that will help develop a cultural district for the Abu Dhabi tourism bureau.[15]
  • A US$17.4-million contract for the King Abdullah Financial District in Saudi Arabia.[16]
  • A US$147-million program-management contract for San Francisco Central Subway.[17]
  • A US$945 million contract for the from the US Army Engineering and Support Center Worldwide Environmental Remediation Services.[18]
  • A US$3-billion Indefinite Delivery/Indefinite Quantity (IDIQ) contract for the U.S. Air Force Center for Engineering and the Environment.[19]

Corporate Affairs

AECOM is headquartered in Los Angeles, California, United States, with clients in more than 100 countries. The company reported a revenue of $6.3 billion during the 12-month period ended March 31, 2010.

With a long history of acquisitions and corporate expansion, the company continuously strengthened its business lines and extended its geographic reach. In 2009, the company adopted an integrated matrix structure balancing its geographies with its business lines.

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

AECOM’s next major move was a rebranding effort that allowed the majority of its subsidiaries to operate under the AECOM name. With this effort, the company aimed to seize new market opportunities and achieve continued success by aligning its work around the world with a stronger, more focused corporate identity.

Corporate Recognition

Known for its supportive employee environment, diverse workforce and project excellence, AECOM has received various awards including the following:

  • 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.
  • Newsweek includes AECOM on its list of Greenest Big Companies.
  • 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.

Subsidiaries

As of November 1, 2009, the former subsidiary companies listed below became known as AECOM. The former subsidiaries were:

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

The firms below also are part of AECOM:

  • Ellerbe Becket
  • INOCSA Ingenieria, S.L.
  • Tishman Construction Corp.
  • McNeil Technologies Inc.

References

Notes

  1. ^ Engineering News-Record,The Top 500 Design Firms, 2009
  2. ^ Architectural Record, [1], June 2009
  3. ^ Fortune, Fortune 500, 2009.
  4. ^ "AECOM sells Earth Tech's water jewels". Global Water Intelligence. 9 (8). Oxford: Media Analytics Ltd. 2008. Archived from the original on August 8, 2010. Retrieved August 8, 2010. AECOM originally stood for Architecture, Engineering, Consulting, Operations and Maintenance {{cite journal}}: Unknown parameter |month= ignored (help)
  5. ^ Rodengen, Jefferey L. (2010). AECOM: 20 years and counting. Fort Lauderdale, FL: Wright Stuff Enterprises, Inc. p. 6. ISBN 978-1-932022-44-5. {{cite book}}: Cite has empty unknown parameter: |month= (help)
  6. ^ Rodengen (2010), p. 38. "Metcalf & Eddy (M&E): established in 1907"
  7. ^ 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 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.)
  8. ^ 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.
  9. ^ 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.
  10. ^ http://www.ensr.aecom.com/NewsMedia/54/03/index.jsp
  11. ^ AECOM press release, 12/01/2008
  12. ^ AECOM press release, 11/12/2008
  13. ^ AECOM Saadiyat Island page
  14. ^ AECOM press release, 11/11/2008
  15. ^ AECOM press release, 10/20/2008
  16. ^ AECOM press release, 11/25/2008
  17. ^ AECOM press release, 1/7/09
  18. ^ AECOM press release, 6/17/10
  19. ^ AECOM press release, 6/8/10
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