Transaction Expands URS’ Presence in Rocky Mountain Oil & Gas Market
URS Corporation (NYSE:URS) today 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. The financial terms of the transaction were not disclosed.
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.”