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URS E&C Holdings Inc history
URS E&C Holdings Inc company history timeline
URS Corporation was founded in 1950.
1980: URS has 40 offices in the United States.
Four of the company's top executives, including Chairman and CEO Arthur Stromberg, were charged with overstating the company's fiscal 1986 revenues and income (reported at $115.7 million and $8.7 million) by $8.4 million.
URS underwent a major restructuring in 1987.
Koffel was named president and CEO of Thortec International in May 1989.
By February 1990, Thortec had defaulted on interest payments to one of its creditors; the prospect of bankruptcy had been raised.
By October 1992, backlog had increased to $278 million, up 25 percent in a year.
Dames had become susceptible to a takeover because its stock price had fallen by 40 percent since 1992 as the company pursued an aggressive acquisition policy.
Revenues were $180 million for the 1995 fiscal year, producing net income of $5 million--both figures up 10 percent.
In August 1997, URS bought Denver-based Woodward-Clyde Group Inc. in a stock-plus-cash deal worth $100 million.
At the end of 1999, North America accounted for 90 percent of the firm's revenues.
In early 1999, URS bought Thorburn Colquhoun, a £25 million-a-year civil and structural engineering firm based in Great Britain.
URS sold its DecisionQuest unit, which provided litigation support services, to a management-led group in June 2000.
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URS E&C Holdings Inc may also be known as or be related to URS E&C Holdings Inc and URS Holdings Inc.