ACQUISITIONS: URS Expands Presence in Rocky Mountain Oil and Gas Market
URS Corp. acquired ForeRunner Corp. on Oct. 26 and immediately expanded its presence on the Rocky Mountain oil and gas sector.
ForeRunner, an engineering and construction management company that specializes in oil and gas projects, has approximately 150 employees and is headquartered in Lakewood, Colo. 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.
URS Corp. is a leading provider of engineering, construction and technical services for public agencies and private sector companies around the world. Headquartered in San Francisco, the company operates through three divisions: the URS Division, the EG&G Division and the Washington Division. URS has more than 47,000 employees in a network of offices in more than 30 countries.