It’s official. The always eagerly-anticipated benchmark industry educational program of the annual Underground Construction Technology International Conference & Exhibition (UCT) has been announced. I say “eagerly-anticipated” not to hype the conference, but purely to reflect the extraordinary high level of interest we get each summer as the clock ticks down to the final program.
AECOM and URS Corporation announced on July 13 the execution of a definitive agreement under which AECOM will acquire all outstanding shares of URS for a combination of cash and stock valued at approximately $4 billion or $56.31 per URS share, based on the AECOM closing share price as of July 11. Including the assumption of URS debt, the total enterprise value of the transaction is approximately $6 billion.
Laney Directional Drilling Company, the world’s largest independent horizontal directional drilling (HDD) company serving the oil and gas pipeline industry, has been acquired by an affiliate of Maxim Partners LLC and Falcon Investment Advisors LLC.