Consulting-Specifying Engineer - August 2008 - (Page 22) 100 envelopes, please: The 2008 MEP design giants BY MICHAEL IVANOVICH, editor-in-chief, SCOTT SIDDENS, senior editor, and PATRICK LYNCH, contributing editor Congratulations to the firms listed in the 2008 ConsultingSpecifying Engineer Giants 100—the 100 largest engineering firms based on MEP revenue. he numbers are in. The computers are turned off. And with the MEP engineering community sweating with anticipation as to which firms made the cut, ConsultingSpecifying Engineer is proud to announce the Giants 100 list for 2008, i.e., those with the most MEP design revenue in the previous year. Comparing so many diverse firms with a wide range of accounting procedures is challenging. For one thing, while some of the listed firms are engaged exclusively in MEP design work, many others are A/E firms or turnkey design-build firms providing MEP design services as a subset of their offerings. For example, AECOM Technology Corp., Los Angeles, reported total a revenue of $4.28 billion and a total design revenue T of $3.46 billion. The MEP design revenue was reported as 19% of the total design revenue, which calculated to an MEP design revenue of $656.89 million, putting them at the top of the Giants 100 for 2008. Because participating in the Giants 100 survey is voluntary and subject to the availability of the data from the previous calendar or fiscal year, some firms choose not to participate or are simply unable to do so. Therefore, while the revenue for MEP design is substantial, there is more out there than reported in the survey. Giant revenues Giants 100 firms rang up $4.58 billion in MEP design revenue in the previous year and Table 1: Giants 100 firms — top 10 by MEP revenue Giants 100 firm ranking 1 2 3 4 5 6 7 8 9 10 Name of firm AECOM Technology Corp. URS Corporation Burns & McDonnell Burns and Roe Group Syska Hennessy Group Inc. POWER Engineers Parsons Brinckerhoff The Benham Companies LLC STV Group Inc. Stantec Inc. MEP revenue (in millions) $ 656.89 $ 489.50 $ 276.00 $ 179.93 $ 151.31 $ 145.70 $ 128.86 $ 112.70 $ 100.24 $ 79.90 Giants 100 ranking previous year Did not participate 1 2 4 7 15 5 16 13 12 approximately $18.51 billion in total revenue. There are five new entries to the top 10: AECOM Technology Corp.; POWER Engineers, Hailey, Idaho; The Benham Companies, Oklahoma City; STV Group, Douglassville, Pa.; and Stantec, Edmonton, Alberta. The most dramatic change to the Giants 100 is the entry of AECOM Technology Corp. Having never participated before, AECOM Technology commanded the Giants 100 list as the top firm, overtaking 2007’s No. 1 firm, URS Corp., despite URS having outstanding MEP revenue growth of $167.78 million over the previous year. While some of this revenue growth is surely organic, substantial merger and acquisition activity is occurring in the AEC industry. This year’s Giants 100 firms disclosed some notable changes: URS Corp. acquired Washington Group International; Stantec acquired 18 firms, including RHL Design Group; TLC Engineering for Architecture, Orlando, acquired Editor’s note A pull-out poster tabulating the Giants 100 firms with revenue figures is included with this issue. Note that the percentage of MEP design revenue is based on a percentage of total design revenue, not on total revenue.Total design revenue was not included in the poster. For a printer-friendly PDF, visit www.csemag.com/giants. 22 Consulting-Specifying Engineer • AUGUST 2008 http://www.csemag.com/giants
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