Aecom to buy Hunt Construction
Fresh from its $6 billion buy-out of URS Corp, Aecom is adding
construction management capabilities to its portfolio by buying Hunt
Construction Group.
Hunt, which has headquarters in both Indianapolis and in
Scottsdale, Arizona, is privately held, and no one was disclosing financial
terms, but Michael S. Burke, Aecom's chief executive, said that Hunt and
Aecom together "have helped create more than two-thirds of all the major
league sports arenas in the country."
Hunt, which had revenues of $1.2 billion in its last year, has
been largely U.S.-based and Aecom has done 60% of its business in foreign
countries, so the purchase brings a wealth of U.S. business contracts and an
established domestic reputation.
(From Construction Dive)
Trenton H. Cotney
Florida Bar Certified Construction Lawyer
Trent Cotney, P.A.
1211 N Franklin St
Tampa, FL 33602
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