Mike Nartker
WC Monitor
10/10/2014

AECOM expects to wrap up its purchase of URS next week with votes by shareholders of both companies, according to a message sent to URS employees. The two companies have received all necessary regulatory approvals to complete the transaction, and both AECOM and URS have scheduled voted with their respective shareholders on Oct. 16, with the deal expected to be finalized the next day, URS CEO Martin Koffel said in the message, a copy of which was obtained by WC Monitor this week. The two companies expect to begin operating as a unified organization by January 2015. “AECOM continues to work with URS to refine the operating structure and will announce additional levels of the combined organization, as well as key management appointments, in the coming weeks. While members of the combined management team will assume their new responsibilities and roles effective with the close, it will take time to complete the transition to a fully integrated organization,” Koffel said.

AECOM announced in July its intent to purchase URS in a deal estimated to be worth approximately $6 billion. The combined company is set to have approximately 95,000 employees in 150 countries with 2013 revenues of more than $19 billion. AECOM President and CEO Mike Burke will head the combined organization once the transaction is completed. Senior URS executive Randy Wotring will serve as Group President of Management Services, which will be made up of AECOM’s Global Support Services group and URS’s Federal Services division, while George Nash, who currently serves as President of URS’ Energy and Construction Division, will be Group President of Energy, Infrastructure and Industrial Construction within the combined organization’s Construction Services group. Senior AECOM executives will fill other high-level roles in the combined organization.