URS Corp. said on June 29 it is “considering” increasing its $242-million bid to acquire U.K.-based engineer Scott Wilson Group plc, following a $286-million offer from a rival suitor, CH2M Hill Cos., Denver. CH2M Hill’s buyout bid follows its June 28 accumulation of a 13% stake in Scott Wilson, making it the transportation firm’s largest shareholder. The U.K. firm posted revenue for its 2010 fiscal year, ending in April, of $490 million, which was down 6% from 2009. But at least one financial expert believes the price could continue to rise since both prospective buyers have enough ready capital and
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.