Despite Growth, Firms Worry - Railworks Corporation

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THE TOP 400 CONTRACTORS #15 WHITING-TURNER CONTRACTING CO. CEO Willard Hackerman is celebrating his 75th anniversary with the firm. He was hired in 1938. The Top 100 Contractors by New Contracts* OVERVIEW RANK 2013 REVENUE IN $ MIL. 1 FLUOR CORP. 27,100.0 2 BECHTEL 19,468.0 3 KBR 14,190.0 4 THE TURNER CORP. 11,263.3 5 PCL CONSTRUCTION ENTERPRISES INC. 7,643.8 6 CB&I 7,305.9 7 SKANSKA USA 6,747.9 8 KIEWIT CORP. 6,208.4 9 JACOBS 6,020.7 10 THE WHITING-TURNER CONTRACTING CO. 5,003.0 11 MCDERMOTT INTERNATIONAL INC. 4,827.7 12 THE WALSH GROUP LTD. 4,703.5 13 BALFOUR BEATTY US 4,610.5 14 CLARK GROUP 3,734.4 15 FOSTER WHEELER AG 3,449.5 16 GILBANE BUILDING CO. 3,416.1 17 URS CORP. 3,295.7 18 TUTOR PERINI CORP. 2,694.0 19 MCCARTHY HOLDINGS INC. 2,679.0 20 BRASFIELD & GORRIE LLC 2,580.1 21 JE DUNN CONSTRUCTION GROUP 2,569.5 22 STRUCTURE TONE 2,559.5 23 DPR CONSTRUCTION 2,414.7 24 BLACK & VEATCH 2,364.0 25 LEND LEASE 2,049.5 26 THE BABCOCK & WILCOX CO. 2,048.4 27 MORTENSON CONSTRUCTION 2,042.0 28 ZACHRY HOLDINGS INC. 1,883.0 29 THE YATES COS. INC. 1,817.6 30 SUNDT CONSTRUCTION INC. 1,805.0 31 PRIMORIS SERVICES CORP. 1,730.0 32 FLATIRON CONSTRUCTION CORP. 1,719.0 33 MICHELS CORP. 1,598.4 34 SUFFOLK CONSTRUCTION CO. INC. 1,557.8 35 THE LANE CONSTRUCTION CORP. 1,507.6 RANK 2013 REVENUE IN $ MIL. 36 SELLEN CONSTRUCTION CO. INC. 1,505.0 37 S&B ENGINEERS AND CONSTRUCTORS 1,469.0 38 COLAS USA 1,467.0 39 SWINERTON INC. 1,466.6 40 HENSEL PHELPS 1,429.4 41 WALBRIDGE 1,393.0 42 HOLDER CONSTRUCTION CO. 1,288.0 43 FLINTCO LLC 1,277.0 44 FERROVIAL AGROMAN U.S. CORP. 1,206.9 45 CH2M HILL 1,205.6 46 BARTON MALOW CO. 1,178.8 47 GRANITE CONSTRUCTION INC. 1,175.0 48 DAVID E. HARVEY BUILDERS INC. 1,125.0 49 CLAYCO INC. 1,100.0 50 LAYNE CHRISTENSEN CO. 1,079.7 51 HUNTER ROBERTS CONSTRUCTION 1,003.0 52 LECHASE CONSTRUCTION SERVICES LLC 965.0 53 THE KOKOSING GROUP 963.9 54 ALBERICI CORP. 960.8 55 ADOLFSON & PETERSON CONSTRUCTION 960.8 56 GRAY 926.8 57 DEVCON CONSTRUCTION INC. 900.0 58 DAY & ZIMMERMANN 900.0 59 AMERICAN INFRASTRUCTURE 896.5 60 VALLEYCREST LANDSCAPE COS. 880.0 61 JAMES G. DAVIS CONSTRUCTION CORP. 873.2 62 LPCIMINELLI INC. 869.8 63 LAYTON CONSTRUCTION CO. INC. 859.0 64 C.W. DRIVER 840.8 65 SHIMMICK CONSTRUCTION CO. INC. 838.7 66 MATRIX SERVICE CO. 831.0 67 PEPPER CONSTRUCTION GROUP 808.4 68 MESSER CONSTRUCTION CO. 807.2 69 ROBINS & MORTON 807.0 70 M+W U.S. INC. 802.1 RANK 2013 REVENUE IN $ MIL. 71 AUSTIN INDUSTRIES 768.0 72 TRAYLOR BROS. INC. 757.6 73 CONSIGLI CONSTRUCTION CO. INC. 757.0 74 HUNT CONSTRUCTION GROUP INC. 745.0 75 GARNEY HOLDING CO. 740.6 76 HITT CONTRACTING INC. 739.3 77 B.L. HARBERT INTERNATIONAL LLC 707.3 78 VCC LLC 695.0 79 THE BECK GROUP 694.2 80 DCK WORLDWIDE LLC 688.3 81 HATHAWAY DINWIDDIE CONSTRUCTION 682.0 82 TORCON INC. 676.0 83 OHL USA INC. 668.2 84 HOAR CONSTRUCTION LLC 655.1 85 INFRASTRUCTURE AND ENERGY ALTERN. 647.0 86 PARSONS 646.6 87 STERLING CONSTRUCTION CO. INC. 643.0 88 RYAN COS. US INC. 637.6 89 ODEBRECHT CONSTRUCTION INC. 636.3 90 SHAWMUT DESIGN AND CONSTRUCTION 628.8 91 F.H. PASCHEN, S.N. NIELSEN 610.0 92 THE BOLDT CO. 607.0 93 KRAUS-ANDERSON CONSTRUCTION CO. 607.0 94 ECC 606.7 95 AEGION CORP. 591.0 96 PJ DICK-TRUMBULL-LINDY PAVING 584.0 97 AMES CONSTRUCTION INC. 579.0 98 RAILWORKS CORP. 574.0 99 THE MCSHANE COS. 572.9 100 J.P. CULLEN & SONS INC. 566.5 * AMONG TOP 400 FIRMS PROVIDING DATA to low energy costs and low-interest-rate borrowing. Another factor fueling the corporate building increase is competition for young, creative professionals who would like a redesigned workplace: more collaborative, more open, less cubicle-oriented, greener and healthier, Eberwein says. “This has led to an uptick in office work, corporate headquarters and campuses with not only reinvented workspaces but also health clubs, daycare, cafes, etc.,” he says. The manufacturing market should continue to remain healthy. “Our indicators tell us that manufacturing will continue to be on the upswing for the next five to 10 years,” says Stephen Gray, CEO of Gray Construction. He says worker shortages may hinder On the Web For expanded content on the ENR Top Lists, see enr.com/ toplists. some manufacturers. But “some manufacturers believe comprehensive immigration reform could shrink this gap without displacing American workers.” The new surge in manufacturing plants might not lead to the kind of job creation sought by local communities. “We put in industrial rail yards in a lot of these plants, and they are being built to be highly automated,” says Jeffrey Levy, CEO of RailWorks. He says that many of these projects are conversions of existing plants. “A plant that used to employ hundreds may only employ a few dozen now,” he says. It’s a Gas The shale-gas and oil boom in the U.S. has ignited a enr.com May 20, 2013 ENR 8
THE TOP 400 CONTRACTORS #08 CB&I completed its acquisition of The Shaw Group in February 2013. Shaw is ranked at No. 10 on this year’s list. The Top 50 Contractors Working Abroad OVERVIEW RANK 2013 REVENUE IN $ MIL. 1 BECHTEL 23,255.0 2 FLUOR CORP. 17,209.6 3 PCL CONSTRUCTION ENTERPRISES INC. 5,295.5 4 KBR 4,330.0 5 CB&I 3,503.6 6 KIEWIT CORP. 3,239.2 7 MCDERMOTT INTERNATIONAL INC. 2,679.9 8 FOSTER WHEELER AG 2,618.7 9 JACOBS 2,087.1 10 URS CORP. 913.7 11 BLACK & VEATCH 749.4 12 THE TURNER CORP. 730.6 13 CONTRACK INTERNATIONAL INC. 581.2 14 ECC 504.1 15 B.L. HARBERT INTERNATIONAL LLC 449.0 16 LAKESHORE TOLTEST CORP. 436.0 17 THE BABCOCK & WILCOX CO. 416.7 RANK 2013 REVENUE IN $ MIL. 18 FLATIRON CONSTRUCTION CORP. 404.3 19 ALBERICI CORP. 365.5 20 AEGION CORP. 353.2 21 AMEC 339.2 22 THE SHAW GROUP INC. 315.0 23 WILLBROS GROUP INC. 292.2 24 LAYNE CHRISTENSEN CO. 254.0 25 CHINA CONSTRUCTION AMERICA 241.0 26 MWH GLOBAL 236.3 27 INGENIUM INTERNATIONAL INC. 216.7 28 GILBANE BUILDING CO. 193.7 29 CADDELL CONSTRUCTION CO. INC. 183.0 30 CH2M HILL 172.6 31 STRUCTURE TONE 167.4 32 OHL USA INC. 164.9 33 DCK WORLDWIDE LLC 160.0 34 RAILWORKS CORP. 160.0 RANK 2013 REVENUE IN $ MIL. 35 THE WALSH GROUP LTD. 147.5 36 THE LAUREN CORP. 142.7 37 TUTOR PERINI CORP. 129.7 38 PERNIX GROUP INC. 114.8 39 GREAT LAKES DREDGE & DOCK CORP. 112.9 40 WEEKS MARINE INC. 112.4 41 INFRASTRUCTURE AND ENERGY ALTERN. 103.0 42 JINGOLI - DCO 102.0 43 STELLAR 99.9 44 SKANSKA USA 90.8 45 MCM 87.6 46 MICHELS CORP. 74.4 47 THE YATES COS. INC. 73.7 48 PARSONS 69.4 49 MATRIX SERVICE CO. 63.0 50 AMERICAN BRIDGE CO. INC. 59.6 PHOTO COURTESY OF IEA lot of excitement in the industry. “There is a relatively strong appetite for capital investments, driven by the expansion of infrastructure both to support unconventional natural-gas production and, more recently, the expansion of liquids production,” says John Allcorn, executive vice president of Willbros Group. He sees increased spending on pipeline integrity and maintenance. “Pipeline failures over the past few years have brought more scrutiny, which will require additional investment to prove system integrity,” he says. Much of the oil-and-gas work will be focused on the Gulf Coast. “I think that everybody wants to talk about shale gas in the Gulf Coast, which is a great story. We’re in the early stages of $35-billion worth of EPC value,” says Seaton of Fluor. The increasing availability of cheap domestic gas and oil has spurred potential opportunities beyond just the petroleum market. “There is a lot of work in North Dakota, but most of the growth will be in the South,” says Dudley. “We are seeing several petrochemical projects moving ahead. We expect to book at least one, if not more.” However, Dudley says the impact of the gas boom will go beyond just upstream extraction, transport of the gas and petrochemical plants. “We expect manufacturing projects in the plastics industry,” he says, which means power and infrastructure projects will follow to support this upswing in industry. “Unfortunately, we are not seeing the volume of power work that we might wish for,” he says. The power market is suffering from a great deal of Companies | By Gary J. Tulacz IEA Aims at the Energy Market Infrastructure and Energy Alternatives LLC (No. 74) is the largest contractor to make its first appearance on the Top 400 list. IEA is a holding company financed by GFI Energy Group and by IEA management, led by CEO Paul M. Daily, former CEO of energy services contractor InfraSource. In August 2011, IEA acquired White Construction Inc., Clinton, Ind., a large heavy-civil contractor with experience in building wind farms. This was followed on Jan. 31, 2013, by the acquisition of RMT Inc., a Madison, Wis.-based engineercontractor active in wind and solar energy and transmission lines. “IEA is heavily involved in the engineering and construction of renewable-energy wind, solar and biomass facilities across North America,” says Daily. But he says the renewable-energy market has an uncertain future, so IEA is focusing on other energy projects. “We do turnkey alternative energy projects, but our goal is also to be a midrange design and construction provider to a wide spectrum of energy projects,” says J.P. Roehm, IEA vice president. He says IEA has worked for Marathon Oil and plans to expand its services in the utility, oil and gas sectors. IEA plans to double in size in the next three to four years through diversification and acquisition, says Daily says. “Don’t be surprised if we have a major announcement before the end of 2013,” Roehm adds. n enr.com May 20, 2013 ENR 9
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