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URS Corporation: Difference between revisions
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| foundation = {{Start date and age|1951}} | | foundation = {{Start date and age|1951}} | ||
| defunct = {{End date|2014}} | | defunct = {{End date|2014}} | ||
| location = [[Transamerica Pyramid]]<br> | | location = [[Transamerica Pyramid]]<br>San Francisco, [[California]], [[United States]] | ||
| key_people = Martin M. Koffel ([[Chief executive officer|CEO]] from 1989 to 2014) | | key_people = Martin M. Koffel ([[Chief executive officer|CEO]] from 1989 to 2014) | ||
| industry = [[Engineering]]<br>[[Architecture]]<br>[[Construction]]<br>[[Planning]]<br>[[Management]]<br>[[Information Technology]]<br>[[Operations management|Operations]]<br>[[Ship decommissioning|Decommissioning]] | | industry = [[Engineering]]<br>[[Architecture]]<br>[[Construction]]<br>[[Planning]]<br>[[Management]]<br>[[Information Technology]]<br>[[Operations management|Operations]]<br>[[Ship decommissioning|Decommissioning]] | ||
| products = | | products = | ||
| area_served = [[World]]wide | | area_served = [[World]]wide | ||
| revenue = {{profit}} | | revenue = {{profit}} US$ 10.6 billion (''2012'') | ||
| operating_income = {{profit}} | | operating_income = {{profit}} US$ 600 million (''2012'') | ||
| net_income = {{profit}} | | net_income = {{profit}} US$ 400 million (''2012'') | ||
| assets = {{increase}} | | assets = {{increase}} US$ 7.04 billion (''2012'') | ||
| equity = {{increase}} | | equity = {{increase}} US$ 3.905 billion (''2009'') | ||
| num_employees = {{increase}} 56,000 (''2012'') | | num_employees = {{increase}} 56,000 (''2012'') | ||
| parent = [[AECOM]] | | parent = [[AECOM]] | ||
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[[File:URSCanada.JPG|thumb|URS in Canada]] | [[File:URSCanada.JPG|thumb|URS in Canada]] | ||
'''URS Corporation''' (formerly '''United Research Services''') was an [[engineering]], [[design]], and [[construction]] firm and a U.S. federal government contractor. Headquartered in | '''URS Corporation''' (formerly '''United Research Services''') was an [[engineering]], [[design]], and [[construction]] firm and a U.S. federal government contractor. Headquartered in San Francisco, [[California]], URS was a full-service, global organization with offices located in the [[Americas]], [[Europe]], [[Africa]], and [[Asia-Pacific]]. | ||
URS was acquired by [[AECOM]] on October 17, 2014. | URS was acquired by [[AECOM]] on October 17, 2014. | ||
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URS acquired the Denver, Colorado based civil, geotechnical and environmental engineering firm Woodward-Clyde Group in 1997 for $100 Million, bringing additional environmental capabilities and a broader international presence to the organization.<ref>{{cite news |title=URS, Building on Acquisition, Could Have More Room to Rise |first=Sheila |last=Muto |newspaper=The Wall Street Journal |date=September 10, 1997 }}</ref> When Dames & Moore Group joined in 1999 (which had recently absorbed the Australian firm [[Hardcastle & Richards]]), URS further strengthened its program and construction management expertise and added to its FORTUNE 500 client base.<ref>{{cite news |title=URS Corp. to Buy Dames & Moore Group In $312 Million Deal |newspaper=The Wall Street Journal |date=May 6, 1999}}</ref> In February 1999, URS also acquired transport consultant Thorburn Colquhoun.<ref>{{cite web |url=http://www.thefreelibrary.com/URS+Corp.+Acquires+United+Kingdom's+Thorburn+Colquhoun%3B+Combination...-a053671938 |url-status=dead |archive-url=https://web.archive.org/web/20160305020135/http://www.thefreelibrary.com/URS+Corp.+Acquires+United+Kingdom's+Thorburn+Colquhoun;+Combination...-a053671938 |archive-date=2016-03-05 |title=URS Corp. Acquires United Kingdom's Thorburn Colquhoun; Combination Expands URS' Presence in Europe. - Free Online Library}}</ref> | URS acquired the Denver, Colorado based civil, geotechnical and environmental engineering firm Woodward-Clyde Group in 1997 for $100 Million, bringing additional environmental capabilities and a broader international presence to the organization.<ref>{{cite news |title=URS, Building on Acquisition, Could Have More Room to Rise |first=Sheila |last=Muto |newspaper=The Wall Street Journal |date=September 10, 1997 }}</ref> When Dames & Moore Group joined in 1999 (which had recently absorbed the Australian firm [[Hardcastle & Richards]]), URS further strengthened its program and construction management expertise and added to its FORTUNE 500 client base.<ref>{{cite news |title=URS Corp. to Buy Dames & Moore Group In $312 Million Deal |newspaper=The Wall Street Journal |date=May 6, 1999}}</ref> In February 1999, URS also acquired transport consultant Thorburn Colquhoun.<ref>{{cite web |url=http://www.thefreelibrary.com/URS+Corp.+Acquires+United+Kingdom's+Thorburn+Colquhoun%3B+Combination...-a053671938 |url-status=dead |archive-url=https://web.archive.org/web/20160305020135/http://www.thefreelibrary.com/URS+Corp.+Acquires+United+Kingdom's+Thorburn+Colquhoun;+Combination...-a053671938 |archive-date=2016-03-05 |title=URS Corp. Acquires United Kingdom's Thorburn Colquhoun; Combination Expands URS' Presence in Europe. - Free Online Library}}</ref> | ||
In 2002, URS acquired EG&G Technical Services, positioning the company as a leading U.S. federal services contractor.<ref>{{cite news |title=URS says agrees to buy EG&G for $500 million|newspaper= | In 2002, URS acquired EG&G Technical Services, positioning the company as a leading U.S. federal services contractor.<ref>{{cite news |title=URS says agrees to buy EG&G for $500 million|newspaper=Reuters |date=July 17, 2002}}</ref> | ||
In November 2007, URS acquired [[Washington Group International]] of [[Boise, Idaho|Boise]] for $3.1B and operated it as the "Energy and Construction Division".<ref>{{cite news |title=Washington Group shareholders approve $3.2 billion buyout, creating construction giant|first=Todd |last=Dvorak |newspaper= | In November 2007, URS acquired [[Washington Group International]] of [[Boise, Idaho|Boise]] for $3.1B and operated it as the "Energy and Construction Division".<ref>{{cite news |title=Washington Group shareholders approve $3.2 billion buyout, creating construction giant|first=Todd |last=Dvorak |newspaper=Associated Press |date=November 15, 2007}}</ref> | ||
On June 12, 2009, URS Chief Executive Officer Martin Koffel indicated the company was still on the hunt for "transformative acquisitions". An analyst with Gabelli & Co. stated that [[KBR (company)|KBR]], [[Chicago Bridge & Iron Company]], and [[Foster Wheeler AG]] may be possible takeover targets.<ref>{{cite news| url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=aJD6ms7nbPH0 | work=Bloomberg | title=URS Seeks 'Transformative Acquisitions' for Growth (Update2) | date=June 12, 2009}}</ref> | On June 12, 2009, URS Chief Executive Officer Martin Koffel indicated the company was still on the hunt for "transformative acquisitions". An analyst with Gabelli & Co. stated that [[KBR (company)|KBR]], [[Chicago Bridge & Iron Company]], and [[Foster Wheeler AG]] may be possible takeover targets.<ref>{{cite news| url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=aJD6ms7nbPH0 | work=Bloomberg | title=URS Seeks 'Transformative Acquisitions' for Growth (Update2) | date=June 12, 2009}}</ref> | ||