Dive Brief:
- 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.
Dive Insight:
The deal extends Aecom's reach in the business, particularly sports venues. Aecom has been bigger in the front end of projects – design and engineering – while Hunt's specialty is managing the construction process. Both worked on the Barclay's Center basketball and concert arena in Brooklyn, N.Y., where the Nets play.
