AECOM moves its headquarters to Dallas

Diving letter:

  • Of the country eighth largest contractor is moving.
  • The multinational engineering company AECOM announced Tuesday, when the company will relocate its global headquarters from Los Angeles to Dallas, effective October 1st.
  • Troy Rudd, CEO of AECOM, and other corporate leaders will move to an existing office in Dallas, adding more than 1,200 employees. More than 2,500 employees will remain in the downtown Los Angeles office and other offices across California, AECOM said.

Dive Insight:

The move to the region joins AECOM Fluor and Balfour Beatty Construction, the third largest and 16th largest contractors in the country, respectively. Balfour Beatty, a UK company, has its US headquarters in Dallas. Fluor is based in Irving, Texas, northwest of Dallas.

AECOM was ranked 3rd on ENR’s list of top 400 contractors in 2020. The Builder fell to 8th place in 2021, with self-reported sales of $ 6.6 billion.

Some major AECOM projects in the Dallas area include:

  • I-635 / LBJ Autobahn Ost. The approximately 2 billion US dollar project includes the reconstruction and expansion of I-635 from 12 to 22 lanes. Reconstruction of large, multi-story intersection on I-30; and a signature steel arch bridge over Skillman Street. The project is slated to complete in 2024, said a spokesman for the contractor.
  • The Dallas Independent School District’s 2020 $ 3.5 Billion Bond Program. In May, the contractor has announced it had been selected for Phase 1 of the $ 3.5 billion Dallas Independent School District Bond Program. AECOM will oversee and coordinate designers, consultants, contractors and suppliers in addition to cost estimates, schedules and program control services in the construction of new facilities and upgrading of existing facilities, the announcement said.
  • Comprehensive environmental and climate protection plan. AECOM also developed a plan for Dallas to help the city meet the goals set out in the Paris Agreement. The plan includes new guidelines for energy, buildings, parks, urban agriculture, water, air quality, transportation and waste, an AECOM spokesman told Construction Dive.

Nordtexas offers AECOM “additional advantages as a corporate hub and talent magnet for the engineering and consulting industry,” says the announcement.

The Dallas-Fort Worth area has become a real magnet for businesses and workers in recent years. Since 2010, 140 companies have relocated their headquarters from the US and abroad to North Texas op-ed by JLL Dallas Managing Director Jeremy McGown. More than 45 of these companies moved from California to Texas.

The city’s population has grown significantly and is projected to grow 17% by 2030, McGown writes. The population growth means a larger workforce as well as an increasing demand for multi-family, structural and commercial buildings.

Part of the move could also be due to tax rates. California has a corporate tax rate of 8.84% for all profitable businesses, one of the highest rates in the country. in the meantime Texas has a “franchise tax” this is how it describes its trade tax of approx. 1%.

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