URS acquires LopezGarcia Group Inc

Source: Manufacturing Digital

Date :8/18/2008 5:51:26 AM

URS Corporation today, August 18, announced that it has acquired LopezGarcia Group Inc, one of Texas’ leading engineering design and environmental planning firms.

Headquartered in Dallas, Texas, LopezGarcia has a staff of 200 professionals in five Texas offices and is focused primarily on the state and local infrastructure market. The financial terms of the transaction were not disclosed.

URS said that the combination will better enable it to serve state and local Government clients on projects throughout Texas. The transaction expands URS’ existing resources by adding LopezGarcia’s significant presence in the Dallas-Ft. Worth area, which will complement URS’ operations in Houston, Austin and San Antonio.

Commenting on today's announcement, Gary V. Jandegian, President of the URS Division, said: "This acquisition furthers our strategic goal of increasing our presence in the Texas infrastructure market which, due to strong population growth and stable funding, is one of the largest and most attractive infrastructure markets in the country.

“Texas also is consistently one of the top issuers of Government bonds, which are used to fund infrastructure projects. In the first quarter of 2008, Texas was the second largest infrastructure bond issuer at US$11.1 billion.”