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AECOM to Acquire URS Corporation
AECOM Technology Corporation and URS Corporation have entered into an agreement under which AECOM will acquire all outstanding shares of URS for a combination of cash and stock valued at approximately $4 billion. Including the assumption of URS debt, the total enterprise value of the transaction is approximately $6 billion.
The combined engineering and construction firm will employ more than 95,000 people in 150 countries. Its headquarters will be in Los Angeles, with a major presence in San Francisco where URS is based.
Michael S. Burke will be the combined company’s chief executive officer, and the companies have designed a new operating management structure that will include senior leaders from both firms. John M. Dionisio, AECOM executive chairman, will be chairman of the board.
The combined company will be a fully integrated infrastructure firm serving clients across a broad range of markets, including transportation, facilities, environmental, energy, water, and government.
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