URS Corp., the San Francisco-based engineering-construction giant, announced on Dec. 22 it will “rebrand and integrate” its Washington Group and EG&G divisions into the firm. The move comes two years after Washington Group and seven years after EG&G were acquired. The units, which operated as divisions of publicly owned URS, will be discontinued as of Jan. 1 and absorbed into the parent company’s brand. URS will now report financial results for an infrastructure and environment segment, formerly the URS division; a federal services segment, formerly EG&G; and an energy and construction segment, formerly Washington. Chairman Martin Koffel says the changes
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.