URS Acquires ForeRunner Corporation
Transaction Expands URS’ Presence in Rocky Mountain Oil & Gas Market
SAN FRANCISCO, CA —
November 6, 2009 —
URS Corporation announced that it has acquired ForeRunner Corporation (“ForeRunner”), an engineering and construction management company specializing in projects for the oil and gas industry. ForeRunner has approximately 150 employees and is headquartered in Lakewood, Colorado.
ForeRunner provides project management, engineering and design, and construction management services, primarily for the development of oil and gas pipelines and compression, storage and processing facilities. The company has completed approximately 1,800 projects throughout the United States since its founding in 1996. ForeRunner complements URS’ expertise in environmental permitting and the design and construction of oil and gas production and storage facilities, processing plants, refineries and related infrastructure.
Commenting on today’s announcement, Gary V. Jandegian, President of the URS Division, said: “With its talented professionals, relationships with Fortune 500 clients and strategic location near some of the nation’s largest natural gas and oil fields, ForeRunner enhances URS’ ability to pursue new opportunities and better serve existing clients in the oil and gas sector.”
URS Corporation (NYSE: URS) is a leading 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; construction and construction management; operations and maintenance; and decommissioning and closure services. URS provides services for power, infrastructure, industrial and commercial, and federal projects and programs. Headquartered in San Francisco, the Company operates through three divisions: the URS Division, the EG&G Division and the Washington Division. URS Corporation has more than 47,000 employees in a network of offices in more than 30 countries.