M&A Deal Summary

AECOM Acquires URS

On October 17, 2014, AECOM acquired construction company URS from Crescent Capital Group for 6.0B USD

Acquisition Highlights
  • This is AECOM’s 2nd transaction in the Construction sector.
  • This is AECOM’s largest (disclosed) transaction.
  • This is AECOM’s 6th transaction in the United States.
  • This is AECOM’s 2nd transaction in California.

M&A Deal Summary

Date 2014-10-17
Target URS
Sector Construction
Buyer(s) AECOM
Sellers(s) Crescent Capital Group
Deal Type Add-on Acquisition
Deal Value 6.0B USD
Advisor(s) Dean Bradley Osborne Partners (DBO Partners)
Citigroup Investment Banking (Financial)
Wachtell, Lipton, Rosen & Katz LLP
Cooley LLP (Legal)

Target

URS

San Francisco, California, United States
website
URS provider of engineering, construction, and technical services for public agencies and private sector companies around the world. The company offers a full range of program management; planning, design and engineering; systems engineering and technical assistance.

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Buyer(S) 1

Buyer

AECOM

Los Angeles, California, United States

website


Category Company
Founded 1980
Sector Business Services
Employees54,000
Revenue 13.1B USD (2022)
DESCRIPTION
AECOM's corporate headquarters in Los Angeles, California.
AECOM's corporate headquarters in Los Angeles, California.

AECOM is a global provider of professional technical and management support services for public and private clients around the world. AECOM provides planning, consulting, architectural and engineering design, and program and construction management services for a broad range of projects, including highways, airports, bridges, mass transit systems, government and commercial buildings, water and wastewater facilities and power transmission and distribution. AECOM also provides program and facilities management and maintenance, training, logistics, security and other support services, primarily for agencies of the US government. AECOM was formed in 1980 and is based in Los Angeles, California.


DEAL STATS #
Overall 10 of 12
Sector (Construction) 2 of 3
Type (Add-on Acquisition) 9 of 11
State (California) 2 of 3
Country (United States) 6 of 7
Year (2014) 3 of 3
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-29 Hunt Construction Group

Indianapolis,, Indiana, United States

Hunt Construction Group, Inc. engages in construction services firms consistently ranking among the top contractors by Engineering News-Record.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-13 AECOM - Quality Programs Business

Los Angeles, California, United States

AECOM - Quality Programs Business enhances System One's own 35-year legacy as an integrated quality solutions provider.

Sell -

Seller(S) 1

SELLER

Crescent Capital Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 1991
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Crescent Capital is a provider of debt securities to middle-market companies. Crescent looks to issue senior bank loans, high yield bonds, mezzanine debt and distressed debt to fund a variety of needs. The FIrm's direct lending group looks to provide $10 to $30 million to sponsor-backed companies that generate $5 to $35 million of EBITDA. Crescent's mezzanine practice typically provides junior capital to support buyouts, recapitalizations, and refinancings. Crescent Capital was formed in 1991 and was originally known as TCW/Crescent Mezzanine. The Firm has offices in Los Angeles, Boston, New York, and London.


DEAL STATS #
Overall 26 of 47
Sector (Construction) 1 of 1
Type (Add-on Acquisition) 11 of 19
State (California) 5 of 6
Country (United States) 22 of 40
Year (2014) 1 of 2
Size (of disclosed) 1 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-02 Tate’s Bake Shop

Southampton, New York, United States

Tate’s is a premium, consumer branded producer of gourmet cookies and other baked goods marketed throughout the United States. Tate’s has been one of the fastest growing biscuit brands in the United States over the last 12 months. The brand’s sales have quadrupled over the past five years. Tate’s Bake Shop is the home of America’s top-rated chocolate chip cookie, available at grocery stores, gourmet shops and natural food stores nationwide, as well as online.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-28 TASC

Chantilly, Virginia, United States

TASC is a provider of advanced systems engineering, integration and decision-support services to the intelligence, defense, homeland security and civilian-federal agencies.

Sell $1.1B