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Washington Group International: Difference between revisions
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'''Washington Group International''' was an American corporation which provided integrated engineering, construction, and management services to businesses and governments around the world. Based in [[Boise, Idaho]], WGI had approximately 25,000 employees working in over 40 US states and more than 30 countries. Its primary areas of expertise were: infrastructure, mining, industrial/process, energy & environment, and power. It was acquired by [[URS Corp.|URS Corporation]] of | '''Washington Group International''' was an American corporation which provided integrated engineering, construction, and management services to businesses and governments around the world. Based in [[Boise, Idaho]], WGI had approximately 25,000 employees working in over 40 US states and more than 30 countries. Its primary areas of expertise were: infrastructure, mining, industrial/process, energy & environment, and power. It was acquired by [[URS Corp.|URS Corporation]] of San Francisco in November 2007 for $3.1 billion,<ref name=ursrep>{{cite news| url=http://www.bizjournals.com/sanfrancisco/stories/2008/01/07/daily45.html| newspaper=[[American City Business Journals|San Francisco Business Times]]| first=Steven E. F.| last=Brown| title=URS replaces head of new Washington division| date=January 8, 2008}}</ref> subsequently purchased by [[AECOM]]. | ||
==Washington Construction== | ==Washington Construction== | ||
At the age of 30, [[Dennis Washington|Dennis R. Washington]] founded Washington Construction Company in [[Missoula, Montana]] in 1964. He guided the company to the top of the civil construction market in [[Montana]], and expanded into mining, industrial construction, and environmental cleanup work. As his company grew into a major regional firm, Washington's vision for the future continued to expand also - leading to a series of acquisitions that produced an international company. | At the age of 30, [[Dennis Washington|Dennis R. Washington]] founded Washington Construction Company in [[Missoula, Montana]] in 1964. He guided the company to the top of the civil construction market in [[Montana]], and expanded into mining, industrial construction, and environmental cleanup work. As his company grew into a major regional firm, Washington's vision for the future continued to expand also - leading to a series of acquisitions that produced an international company. | ||
In 1993 it expanded its heavy civil construction-operation, when it merged with Kasler Corporation, a [[California]]-based firm with large-scale operations in heavy-civil construction. Washington Construction Group Inc. was then based in [[Highland, California]].<ref name=ksmwwg>{{cite news| url=https://www.nytimes.com/1996/05/17/business/knudsen-sets-merger-with-washington.html| newspaper= | In 1993 it expanded its heavy civil construction-operation, when it merged with Kasler Corporation, a [[California]]-based firm with large-scale operations in heavy-civil construction. Washington Construction Group Inc. was then based in [[Highland, California]].<ref name=ksmwwg>{{cite news| url=https://www.nytimes.com/1996/05/17/business/knudsen-sets-merger-with-washington.html| newspaper=The New York Times| agency=Associated Press| title=Knudsen Sets Merger With Washington| date=May 17, 1996| url-access=subscription}}</ref> | ||
==Morrison Knudsen Co.== | ==Morrison Knudsen Co.== | ||
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==Acquisition by URS== | ==Acquisition by URS== | ||
On May 28, 2007, [[URS Corporation]], based in | On May 28, 2007, [[URS Corporation]], based in San Francisco, announced it had reached an initial agreement with WGI management to purchase the entire company for $2.6 billion (about $80 per share). According to the plan, WGI would operate as a division of URS, with the headquarters remaining in [[Boise, Idaho|Boise]]. On November 15, the price was increased and finalized for a purchase price of $3.1 billion ($95.116 per share).<ref name=ursrep/> | ||
URS competitors include [[Bechtel]], [[Fluor Corp.]], [[CB&I]], [[Kiewit Corporation|Kiewit]], and [[Jacobs Engineering Group]]. | URS competitors include [[Bechtel]], [[Fluor Corp.]], [[CB&I]], [[Kiewit Corporation|Kiewit]], and [[Jacobs Engineering Group]]. | ||