CDM Smith
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Company type | Private |
---|---|
Industry | Global Engineering Services; Architectural Services; Engineering Consulting; Full service Design Build Construction and Engineering Firm[1] |
Founded | 1947 |
Headquarters | |
Area served | Worldwide |
Key people | Timothy B. Wall (Chairman and Chief Executive Officer); Anthony B. Bouchard (President and Chief Operating Officer); Thierry Desmaris (Executive Vice President - Finance and Mergers & Acquisitions); Julia Forgas (Executive Vice President - Marketing & Communications) |
Revenue | $1.28 Billion (2015)[1] |
Number of employees | 5,000 |
Website | www |
CDM Smith is an engineering and construction company which provides solutions in water, energy, transportation, and facilities projects for government and private clients.[2] The employee owned company is currently ranked 22nd on Engineering News-Record's 2015 Top 500 Design Firms list[3] and 13th on their 2015 Top 200 Environmental Firms list.[4][5]
History
Camp Dresser & McKee (CDM) was founded in 1947 by Thomas Camp with partners Herman Dresser and Jack McKee.[6] In 2011, CDM acquired Wilbur Smith, a 1,000-employee transportation engineering firm to form CDM Smith.[7] CDM Smith later acquired the Ohio-based Louis Perry Group in late 2014 as an independent subsidiary to expand its industrial expertise in the rubber and plastic industry.[8] In 2015, CDM Smith moved its headquarters from a 180,000 square foot space at 50 Hampshire St, Cambridge, Massachusetts to a 120,000 sq ft office space at 75 State Street in Boston.[9]
![front of 75 State Street, Boston, MA](http://upload.wikimedia.org/wikipedia/commons/thumb/a/ab/75_State_Street.jpg/220px-75_State_Street.jpg)
On June 21, 2017, the US Justice Department declined to prosecute CDM Smith for corruption, despite finding that the company had paid $1.18 million to officials in India.[10] In July 2017, CDM Smith agreed to pay around $4 million to the US Treasury.[11]
Investigations by the Fraud Section of the Criminal Division of the Department of Justice intro bribery were closed, after CDM Smith agreed to disgorge US $4 million. CDM Smith has been sanctioned by the World Bank for “failing to disclose a subcontract on a project in Vietnam, and were conditionally non-de-barred for one and half years.[11]
On July 15, 2017, it was announced that the Goa government has asked state chief secretary Dharmendra Sharma to investigate bribes from CDM Smith in India.[12] Based on Special Investigation Team (SIT) of Central Vigilance Commission (India's anti-corruption watchdog), [13] [14] [15] [16] [17] India's Central Bureau of Investigation (parallel to USA's FBI) filed first FIR in this case on February 02, 2018.[18]
Principal subsidiaries
CDM Smith's principal subsidiaries are:[1]
- CDM Constructors Inc.
- CDM Federal Programs Corporation
- CDM International Inc.
- CDM Smith Consult GmbH (Germany)
- CDM Smith Danismanlik ve Mühendislik Ltd. (Turkey)
- CDM Smith Ireland Limited
- CDM Smith Sp.z.o.o. (Poland)
- The Louis Perry Group
References
- ^ a b c Gale.
- ^ Bloomberg.
- ^ 2015 Top 500 Design Firms
- ^ 2015 Top 200 Environmental Firms
- ^ ENR Top Lists.
- ^ CDM Smith.
- ^ Toll Road News.
- ^ Medina Gazette.
- ^ Boston Business Journal.
- ^ Rubenfeld, Samuel (June 30, 2017). "U.S. Declines to Prosecute Engineering Company for Bribery". Wall Street Journal. United States. Retrieved July 1, 2017.
- ^ a b "US Firm Accused Of Paying $1.18 Million To Indian Officials For Highway Contracts". NDTV. July 11, 2017. Retrieved July 30, 2017.
- ^ "Goa chief secretary to conduct inquiry in CDM Smith bribery case". The Indian Express. July 15, 2017. Retrieved July 30, 2017.
- ^ [1]
- ^ [2]
- ^ [3]
- ^ [4]
- ^ [5]
- ^ [6]
Bibliography
- "International Directory of Company Histories". Gale Virtual Reference Library. Gale. 2015.
- "Company Overview of CDM Smith Inc". Bloomberg L.P. 2016.
- "Engineering News-Record Top Lists". Engineering News-Record. 2015.
- "Times Change, and We Change With Them". CDM Smith. 2016.
- "Wilbur Smith Associates brand retired, becoming part of a new CDM Smith". Toll Road News. 2011. Archived from the original on 2016-03-13. Retrieved 2016-02-18.
- "CDM Smith moves headquarters from Cambridge to Boston". Boston Business Journal. 2015.
- "Wadsworth's Louis Perry is retiring on his own terms". The Medina Gazette. 2014.