| Type | Public (NYSE: ACM) |
|---|---|
| Industry | Engineering and architectural design |
| Founded | 1990 |
| Headquarters | Los Angeles, CA |
| Area served | Worldwide |
| Key people | Richard G. Newman (Chairman Emeritus) John M. Dionisio (Chairman), (CEO) |
| Revenue | US$ 8.0 billion (2011) |
| Operating income | US$ 421 million (2011) |
| Profit | US$ 276 million (2011) |
| Employees | 45,000 (2011) |
| Subsidiaries | List of subsidiaries |
| Website | AECOM.com |
AECOM Technology Corporation (NYSE: ACM; English pronunciation: /eɪ.iːˈkɒm/, US dict: ā·ē·kŏm') is a professional technical and management support services firm. The company is ranked as the number one design firm for 2010 and 2011 by Engineering News-Record and number one by Architectural Record.[1][2] It provides services in the areas of transportation, planning, environmental, energy, water and government. With approximately 45,000 employees, AECOM is listed at #353 on the Fortune 500 list.[3]
The name AECOM is an acronym for Architecture, Engineering, Consulting, Operations and Management.[4]
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AECOM was launched as an independent company in 1990, though its history can be traced back to the early 1900s and the inception of the Ashland Oil & Refining Company in Lexington, Kentucky. Through a series of acquisitions and technological developments prior to the buyout, Ashland grew to include chemical, petrochemical, highway construction and construction materials firms within its realm, laying the groundwork for the creation of Ashland Technology in 1985. One of Ashland's acquisitions included Daniel, Mann, Johnson & Mendenhall (DMJM), a transportation-related engineering firm, in 1984. Richard Newman was president of DMJM at the time of the acquisition and was later named president of Ashland Technology. When Ashland chose to return to its core petroleum refining business in the late 1980s, Newman recommended an employee buyback proposal, resulting in the spin-off of Ashland Technology and the creation of AECOM in 1990.
After scuttling a first attempt in 2002, AECOM went public during May 2007 with an initial public offering on the NYSE, netting $470 million.[4]
On July 28, 2008, AECOM completed its purchase of Earth Tech Inc., a consulting and engineering firm, from Tyco International for $510 million.[5][6]
In September 2008, AECOM and Citation Technologies launched a new international EHS Audit Protocol Platform and regulatory research tool - “IAPC Interactive.” [7]
AECOM’s first president and CEO was Richard Newman, who came to Ashland through its acquisition of DMJM. Newman served as president of Ashland Technology and was instrumental in the creation of AECOM through an employee buyback when Ashland chose to return to its core petroleum business.
Newman turned over AECOM's management to its current president and CEO, John Dionisio, in October 2005 and remains the company chairman. Dionisio came to AECOM through Frederic R. Harris, Inc. and served as AECOM's chief operating officer prior to becoming president and CEO.
In 2007, AECOM added Norman Mineta, the former Secretary of the U.S. Department of Transportation under President George W. Bush and Secretary of U.S. Department of Commerce under President Bill Clinton, to its board of directors.
The current management includes:
AECOM is a global provider of professional technical and management support services to both public and private sector clients with projects on all seven continents. The corporation's reach extends to transportation design, water, environmental services, facilities construction, disaster response and governmental assistance.
AECOM is headquartered in Los Angeles, California, United States, with clients in more than 125 countries. The company reported a revenue of US$7.7 billion during the 12 months ended June 30, 2011.
AECOM currently works in the following geographies: the Americas, Europe, Asia, the Middle East, Africa and Australia/New Zealand. The company operates under the following business lines: Architecture; Building Engineering; Construction Services; Design + Planning; Economics; Energy; Environment; Government; Mining; Oil + Gas; Program Management; Program, Cost, Consultancy; Transportation; and Water.
AECOM has received various awards including the following:
As of November 1, 2009, the former subsidiary companies listed below became known as AECOM. The former subsidiaries were:
The firms below also are part of AECOM: