AECOM Technology Corporation
AECOM Technology Corporat
Subscribe to the company
AECOM Technology Corporation

Companies

AECOM Technology Corporation

AECOM Technology Corporation

Building

Description

AECOM Technology Corporation is an American multinational engineering firm. AECOM has approximately 87,000 employees, and is number 157 on the 2019 Fortune 500 list. The company's official name from 1990 to 2015 was AECOM Technology Corporation, and is now AECOM. The company is listed on the New York Stock Exchange (NYSE) under the ticker symbol ACM and on the Frankfurt Stock Exchange under the ticker symbol E6Z.

On August 17, 2021, AECOM issued a press release announcing plans to relocate its global headquarters from Los Angeles, California to Dallas, Texas.

History

AECOM traces its origins to Kentucky-based Ashland Oil & Refining Company, which in turn grew out of Swiss Drilling Company, founded in Oklahoma in 1910 by J. Fred Miles. He gained control of some 200,000 acres and formed Swiss Oil Company in Lexington. In 1924, Miles launched a refining operation called Ashland Refining Company, headed by Paul Blazer. While the parent company struggled, leading to the ouster of Miles, Ashland prospered under Blazer's leadership, and in 1936, he was named chief executive officer of the reorganized company, Ashland Oil & Refining Company. In 1966, Ashland acquired Warren Brothers and became involved in highway construction and construction materials. The company was able to take advantage of refinery byproducts to produce asphalt. Ashland grew into one of the nation's major road-construction firms, and laid a foundation for AECOM. 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 a management buyout of Ashland Technology in 1985.

In the 1970s, Ashland Oil & Refining became Ashland Oil, Inc. Five years later the company consolidated its construction assets into a construction division and also formed a coal subsidiary, indicative of a changing focus at Ashland. Although it generated more than $1 billion a year in sales, Ashland was a small player in the oil industry at a time when the cost of exploration was prohibitively expensive. By 1980, Ashland sold its production assets, and a year later was reorganized as a modified holding company. A new corporate strategy was implemented as Ashland now focused on refining and marketing, and sought to grow its non-refining businesses. In 1984, Ashland acquired Daniel, Mann, Johnson & Mendenhall (DMJM), a global provider of transportation-related engineering services. Originally focused on military projects, after World War II it had become one of the first integrated engineering and architectural firms in the western United States. The acquisition of DMJM also included its president, Richard G. Newman. In 1985, DMJM became part of a new subsidiary, Ashland Technology Corporation. Two years later Newman was named its new chief executive and president.

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 (Architecture, Engineering, Construction, Operations, and Management) in 1990. The company went on to acquire a number of engineering, design and planning firms including engineering company Maunsell, urbanism and sustainability practice EDAW, Economic Research Associates (ERA), environmental management firm ENSR and The RETEC Group Inc., architects Ellerbe Becket and Davis Langdon, the quantity surveyors and construction consultants.

In 2000, AECOM acquired Metcalf and Eddy, a water and wastewater engineering firm based in Massachusetts, and in September, 2004 it acquired the Canadian company, UMA Engineering Ltd.

AECOM went public during May 2007 with an initial public offering on the NYSE, netting $468.3 million. On January 8, 2008, AECOM acquired The Services Group, Inc., a provider of consulting services to the US Agency for International Development and other multi-lateral donor organizations. On July 28, 2008, AECOM completed its purchase of Earth Tech Inc., a consulting and engineering firm, from Tyco International for $510 million. On July 14, 2010, AECOM announced its acquisition of Tishman Construction Corp., a leading provider of construction management services in the United States and the United Arab Emirates, in a $245 million transaction including $202 million in cash and the remainder in AECOM common stock. 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. Effective July 10, 2014, it acquired ACE International Consultants SL, a Madrid-based provider of consulting services. In July 2014, it acquired Hunt Construction Group, adding to AECOM's construction services business. In July 2017, AECOM acquired Shimmick Construction Company. Officials at the Golden Gate Bridge, Highway and Transportation District blamed the acquisition for delaying construction of a safety barrier at the bridge by 2 years.

In October 2019, AECOM announced plans to sell their Management Services division to private equity firm American Securities LLC and Lindsay Goldberg for $2.405 billion. Management Services provides services and support to governmental clients including the Department of Energy and Department of Defense. On January 31, 2020, this transaction was completed with the new company being called Amentum. In October 2020, AECOM announced the sale of its Power construction business to private equity firm CriticalPoint Capital. In December 2020, AECOM announced the sale of its Civil construction business, including Shimmick Construction, to private equity firm Oroco Capital, which completed January 5, 2021. AECOM explained these divestitures as a "transformation into a higher-margin, lower-risk Professional Services business".

Rating GlobalNY.biz

Take place
general
№63
general
Take place
area
№1
In rating
Building
area

Company Persons

Vice president of AECOM’s global Water business line
1 place
Senior Vice President, Finance, Treasurer at AECOM Technology Corporation
2 place
Senior Vice President, Global Communications at AECOM Technology Corporation
3 place
Executive Vice President of AECOM’s National Governments business
4 place
Chief Executive of the Civil Service at AECOM Technology Corporation
5 place
President of AECOM Technology Corporation
6 place

NEW YORK COMPANIES


New York business portal GlobalNY.biz includes a huge directory of organizations operating in New York. Here you can easily find all the necessary information about the company. The organization card contains a full info page with a detailed description of the company's activities, logo, contact details and a link to the organization's official website. The reader can also immediately familiarize himself with the staff of the company, see the latest press releases and news block, and also see what line of the rating the company occupies. The rating of a member of the GlobalNY.biz business portal is calculated based on the number of mentions in the New York news and posted press releases containing information about the organization's activities and its achievements. You can also rise in the rating by publishing vacancies, as well as the number of registered persons. At the same time, company representatives can independently see how many times the company's card has been viewed on GlobalNY.biz, as well as promptly correct the information.
We pay special attention to the multifunctionality of the "Companies" section. For your convenience, there is a search box, as well as an industry heading.
New York Business Portal is always up-to-date database of New York enterprises!
Alena Potapova

Development Director
Population
8126420413
Died this year
23695987
Born this year
58296322