AECOM Closes $4B Buy of URS Corp. in Energy, Gov’t Services Market Push

NavyConstruction
AECOM Technology Corp. (NYSE: ACM) has closed its estimated $4 billion purchase of San Francisco-based engineering and construction services firm URS Corp. after shareholders at URS approved the transaction Thursday. Los Angeles-based AECOM announced the completion of the deal Friday and said it planned to pursue growth in the oil and gas, power and government services markets through the acquisition...

AECOM Issues Initial Election Results on URS Merger

acquisition
URS Corp. (NYSE: URS) stockholders have completed the initial election phase for the form of merger consideration in relation to AECOM Technology‘s (NYSE: ACM) acquisition bid for URS. Holders of nearly 35.3 percent of outstanding URS shares have chosen to receive AECOM shares and will also receive cash for their URS shares, AECOM said Thursday. Holders of nearly 47.8 percent of outstanding...

Report: Michael Burke Details Leadership Moves in AECOM-URS Combination

Michael Burke
Michael Burke AECOM (NYSE: ACM) and URS Corp. (NYSE: URS) will have a restructured senior management setup after the completion of their $4 billion merger, Building.co.uk reported Wednesday. Vern Pitt writes that Michael Burke, AECOM president and CEO, has told employees that the integrated company will comprise of four operating groups and a business development organization that will work with...

AECOM Signs $4B Deal to Buy URS Corp

NavyConstruction
Engineering design and infrastructure services firm AECOM has agreed to buy URS Corp. (NYSE: URS) for approximately $4 billion in cash and stock, or $56.31 per share, the companies said Sunday. AECOM will also assume URS’ debt and expects to close the acquisition in October, pending regulatory approvals and approval by shareholders at both companies. Including the assumption of URS debt, AECOM...

Capita, PA Consulting, URS to Manage UK’s Defense Estate Under $670M Contract

Contract
A team comprising of Capita, PA Consulting and URS Corp. (NYSE: URS) will provide management services to the U.K. defense ministry’s national and international estate under a 10-year, $670 million contract. Companies will work to oversee training facilities, allocate housing for service personnel and account for the assets under the 10-year contract for the ministry’s defense infrastructure...

Former Bechtel Vice Chair Paul Unruh Among 4 New URS Directors; Martin Koffel Comments

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V. Paul Unruh, formerly vice chairman of Bechtel Group, has joined the board of directors of URS Corp. (NYSE: URS) as one of four new independent directors, effective March 27. Martin Koffel, chairman and CEO of URS, said Monday the company will nominate Unruh, Diane Creel, William Schumann III and David Siegel for election to the board of directors at URS’ annual meeting on May 29. The company’s...

Chris Bishop Joins ManTech as Mission Services Group SVP; Dan Keefe Comments

Chris Bishop
Chris Bishop Chris Bishop, formerly a federal services business development lead at URS Corp. (NYSE: URS), has joined ManTech International Corp. (NASDAQ: MANT) as senior vice president of sales for the mission services group. Bishop will report directly to group President Daniel Keefe and oversee sales efforts, as well as help coordinate sales efforts with ManTech’s other operating groups, customers,...

URS Team Wins Nuclear Waste Storage Project Extension; Martin Koffel Comments

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A consortium led by URS Corp. (NYSE: URS) has won a contract extension to continue running waste storage operations at a U.K.-based nuclear site under $2.9 billion in annual funding over the next five years. Nuclear Management Partners Ltd. will continue the work at Sellafield nuclear complex in West Cumbria for the Nuclear Decommissioning Authority, URS said Friday. NMP is a team comprising of...

Bill Lingard Named URS President, George Nash to Head Energy Division; Martin Koffel Comments

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Bill Lingard, chief operating officer of URS Corp. (NYSE: URS), will take on the additional role of president of the company and report to Chairman and CEO Martin Koffel. The appointment is effective immediately and all four company divisions will report directly to Lingard, URS announced Tuesday. “Bill will continue to work closely with the leadership team to achieve the Company’s operational...

URS Details 2-Year Repurchase, Dividend Plan; Thomas Hicks, Martin Koffel Comment

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URS Corp. (NYSE: URS) has told investors that it plans to return $500 million of its capital to stockholders by the end of fiscal year 2015. The company will carry out the plan via share repurchases and dividends as part of its capital allocation strategy over the next two years, URS said Thursday. Chief Financial Officer H. Thomas Hicks said the company has repurchased more than 10 percent of its...