AECOM Set To Buy Rival URS Corp., Become One Of World's Largest Construction Firms
L.A.-based AECOM "will buy" its S.F.-based rival, URS Corp., in a $6B deal, turning the merged company into one of the world's "largest firms in the construction and engineering sectors," according to Pfeifer & Kirkham of the L.A. TIMES. The companies had a combined $19B in revenue last year and "employ about 95,000 people in 150 countries." AECOM yesterday announced that it "would pay" about $4B for URS and assume about $2B in debt. AECOM "is overseeing the planning of the complex" for the '16 Rio Games after "having recently designed stadiums" for the '14 FIFA World Cup. AECOM also is "working on the design and management of a 42,000-seat stadium" in Moscow for the '18 World Cup (L.A. TIMES, 7/14).