Steadily improving market conditions, plus some
acquisitions, are producing higher revenue numbers for many large design firms
throughout the mid-Atlantic region. Data from the ENR MidAtlantic 2015 Top
Design Firm survey shows that total 2014 revenue for the top 20 firms on this
year's list climbed 22%, to $2.76 billion, from $2.26 billion in 2013.
This year's survey results include firms' 2014 revenue
earned in Delaware, Maryland, Pennsylvania, Virginia, West Virginia and the
District of Columbia.
Dealmaking Activity
Acquisitions were a major factor in some firms' large
bump in revenue. For example, AECOM, which acquired URS Corp. last year, saw a
significant rise. In 2013, before the URS deal, AECOM recorded $290.8 million
in mid-Atlantic revenue. With the addition of URS, AECOM's 2014 regional revenue
more than doubled, to $616.5 million.
Arcadis also saw improved revenue, thanks in large part
to acquisitions. The firm acquired Baltimore-based RTKL in 2007 and started
including RTKL revenue in its regional reporting in 2014. As a result, Arcadis
revenue jumped 13% last year, to $114.6 million, from $101.8 million in 2013.
Arcadis also acquired Seattle-based Callison in 2014, but that firm has a
limited presence in the mid-Atlantic states.
Source: ENR
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