Acquisition of the business significantly expands Aecom鈥檚 presence in the construction services market. Through the acquisition, Aecom said that it has the ability to serve clients as a fully integrated service provider with the capabilities to design, build, finance and operate infrastructure.
Hunt was established in 1944, has more than 700 employees in nine US offices and generated revenues of US$1.2 billion in 2013.
The two companies have an established history of working together on projects such as the Barclays Center in New York.
This latest deal follows Aecom鈥檚 recent announcement that it will acquire US$10bn industry peer URS. The combined entity, including URS and Hunt, will have more than 95,000 employees in 150 countries and their calendar year 2013 revenues add to more than US$20bn.
Aecom is led by Michael Burke, who was named CEO in March 2014 and has since made significant moves to accelerate the company鈥檚 strategy to become a fully integrated infrastructure firm.
鈥淭he addition of Hunt鈥檚 people and resources immediately makes Aecom one of the largest US builders,鈥� said Burke. 鈥淭his important expansion of our build expertise reflects the continued advancement of our strategy to create an integrated delivery platform with superior capabilities to design, build, finance and operate infrastructure assets globally.鈥澛�
Aecom construction services chief executive Daniel McQuade said: 鈥淗unt presents a compelling strategic fit for our business 鈥� combining its expertise in the sports, health care and aviation markets with our construction services team鈥檚 recognised strength in the commercial tall buildings, residential and hospitality sectors. We welcome Hunt鈥檚 employees to Aecom and look forward to the continued growth of our construction services practice.鈥�
Hunt Construction Group chief executive Mike Fratianni said: 鈥淏ecoming part of Aecom provides expanded growth opportunities for our business and our people, as we are now better positioned to continue working on the largest and most challenging projects.鈥� 聽He will retain his position with the operation, as will current chairman emeritus Robert Hunt.
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