We became an independent company formed by the merger of five entities. While our official founding was in 1990, many of our predecessor firms had distinguished histories dating back more than 120 years.
The company's official name from 1990 to 2015 was AECOM Technology Corporation, and is now AECOM.[6] The company is listed on the New York Stock Exchange (NYSE) under the ticker symbol ACM[7] and on the Frankfurt Stock Exchange under the ticker symbol E6Z.[8]
Aecom Company Profile Pdf 12
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AECOM traces its origins to Kentucky-based Ashland Oil & Refining Company, which in turn grew out of Swiss Drilling Company, founded in Oklahoma in 1910 by J. Fred Miles. He gained control of some 200,000 acres and formed Swiss Oil Company in Lexington. In 1924, Miles launched a refining operation called Ashland Refining Company, headed by Paul Blazer. While the parent company struggled, leading to the ouster of Miles, Ashland prospered under Blazer's leadership, and in 1936, he was named chief executive officer of the reorganized company, Ashland Oil & Refining Company. In 1966, Ashland acquired Warren Brothers and became involved in highway construction and construction materials. The company was able to take advantage of refinery byproducts to produce asphalt. Ashland grew into one of the nation's major road-construction firms, and laid a foundation for AECOM. Through a series of acquisitions and technological developments, Ashland grew to include chemical, petrochemical, highway construction, and construction materials firms within its realm, laying the groundwork for a management buyout of Ashland Technology in 1985.[10]
In the 1970s, Ashland Oil & Refining became Ashland Oil, Inc. Five years later the company consolidated its construction assets into a construction division and also formed a coal subsidiary, indicative of a changing focus at Ashland. Although it generated more than $1 billion a year in sales, Ashland was a small player in the oil industry at a time when the cost of exploration was prohibitively expensive. By 1980, Ashland sold its production assets, and a year later was reorganized as a modified holding company. A new corporate strategy was implemented as Ashland now focused on refining and marketing and sought to grow its non-refining businesses. In 1984, Ashland acquired Daniel, Mann, Johnson & Mendenhall (DMJM), a global provider of transportation-related engineering services. Originally focused on military projects, after World War II it had become one of the first integrated engineering and architectural firms in the western United States. The acquisition of DMJM also included its president, Richard G. Newman. In 1985, DMJM became part of a new subsidiary, Ashland Technology Corporation. Two years later Newman was named its new chief executive and president.[11]
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 (Architecture, Engineering, Construction, Operations, and Management)[citation needed] in 1990. The company went on to acquire a number of engineering, design and planning firms including engineering company Maunsell, urbanism and sustainability practice EDAW, Economic Research Associates (ERA), environmental management firm ENSR and The RETEC Group Inc., architects Ellerbe Becket[12] and Davis Langdon, the quantity surveyors and construction consultants.[13]
In October 2019, AECOM announced plans to sell their Management Services division to private equity firm American Securities LLC and Lindsay Goldberg for $2.405 billion.[24][25] Management Services provides services and support to governmental clients including the Department of Energy and Department of Defense. On January 31, 2020, this transaction was completed with the new company being called Amentum.[26] In October 2020, AECOM announced the sale of its Power construction business to private equity firm CriticalPoint Capital.[27] In December 2020, AECOM announced the sale of its Civil construction business, including Shimmick Construction, to private equity firm Oroco Capital, which completed January 5, 2021.[28][29] AECOM explained these divestitures as a "transformation into a higher-margin, lower-risk Professional Services business".[27][28]
AECOM's first president and CEO was Richard G. Newman, who came to Ashland through its acquisition of Daniel, Mann, Johnson & Mendenhall (DMJM). Under Ashland Oil's ownership, he was president and chief operating officer of DMJM from October 1985 to December 1988. While president of Ashland Technology Corp. from December 1988 until May 1990, Newman was instrumental in taking it from a division of Ashland Oil to an independent company. He was president when the company changed its name to AECOM Technology Corporation in April 1990. Newman was president until 1993, and then chairman, president and CEO from May 1993 to October 2000, and chairman and CEO from 2000 to 2005.[30]
In October 2005, John M. Dionisio succeeded Newman as president and CEO of AECOM.[30] In 2011, Dionisio became chairman of the company.[31] Dionisio had previously served as COO from October 2003 to October 2005 and president and CEO of the subsidiary DMJM+Harris from October 2000 to October 2003.[30]
In November 2019, AECOM announced that Burke would retire as chairman and CEO. The change was announced to be effective after either the next annual meeting or completion of the search for a replacement. At the same time, AECOM said that the board of directors would be expanded to include representatives of activist-shareholder Starboard Value, the fifth largest shareholder.[37][38] Amid market speculation that AECOM would be acquired by WSP Global,[39][40] AECOM announced the selection of W. Troy Rudd to be CEO. The change will be effective as of October 1, 2020[update]. Before his appointment as CEO, Rudd served as CFO for the company. The announcement included naming Lara Poloni as the new president.[41] The announcement resulted in the resignation of the Starboard Value board member in protest over the selection.[42] They've built the world's longest cable-stayed bridge, built venues for the world's biggest sporting events, built the world's largest ground-up port megaprojects, life-sustaining disaster recovery programs and built the tallest tower in the Western Hemisphere.[43]
AECOM is headquartered in Dallas,[45] Texas, United States, with clients in more than 150 countries. The company reported a revenue of US$17.4 billion during the 12 months that ended September 30, 2016.[46]
AECOM Australia Holdings Pty Ltd is a foreign owned private company, deriving revenue from the provision of engineering, consulting and planning services. The company employs approximately 2,700 people, operates throughout Australia, and is administered by its head office in Fortitude Valley, Queensland.
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Aecom is a professional services company focusing on technical and management support in various sectors such as transportation, facilities, environmental, energy, water, and government. Aecom employs around 45,000 individuals worldwide with a strong presence in more than 150 countries, making them an established global provider. The firm takes pride in its blend of global reach, local knowledge, innovation, and technical excellence to deliver solutions that create, enhance, and sustain the world's built, natural, and social environments.
Headquartered in Los Angeles, California, under the leadership of CEO W. Troy Rudd, Aecom generates an annual revenue of $13.1 billion. The company boasts a diverse workforce in terms of gender and ethnicity yet leans heavily towards the Democratic Party in terms of political affiliation. Staff members tend to stay with the company for a notably high retention rate averaging 5.3 years. Aecom offers competitive salaries within its industry, with an average employee earning $73,191 per year.
AECOM diversity summary. Zippia estimates AECOM's demographics and statistics using a database of 30 million profiles. Zippia verifies estimates with BLS, Census, and current job openings data for accuracy. We calculated AECOM's diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of AECOM's workforce.
Aecom India Private Limited is an unlisted private company incorporated on 23 July, 2008. It is classified as a private subsidiary of a foreign company and is located in Gurgaon, Haryana. It's authorized share capital is INR 300.50 cr and the total paid-up capital is INR 15.72 cr.
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