After converting the US, Parsons Brinckerhoff (PB) is spreading its gospel around the world. A leading transportation engineering firm, the company provides project management, architectural, design, and other technical services for infrastructure projects in about 80 countries. PB specializes in transportation projects, but also works in the environmental, water, energy, urban development, and telecommunications sectors. It serves both public and private clients. Founded in 1885, the firm designed New York City's first subway. It operates from about 150 offices spanning five continents. PB is a subsidiary of UK construction giant Balfour Beatty.
Change in Company Type
The UK's Balfour Beatty plc acquired Parsons Brinckerhoff in 2009 for $625 million in a deal that positioned both firms for global growth and created a world leader in construction management. PB expanded Balfour Beatty's professional services business and strengthened its presence in the US as well as in emerging markets. PB retained its name and continues to operate independently. As its parent company's Professional Services business segment, Parsons Brinkerhoff contributed about 15% of Balfour Beatty's 2011 revenue.
Parsons Brinckerhoff global reach extends to five continents: Africa, Asia, Australia, Europe, and North America.
The company operates through five regional business units: Parsons Brinkerhoff Asia; Parsons Brinkerhoff Australia; Parsons Brinkerhoff Europe/Africa; Parsons Brinkerhoff Middle East; and Parsons Brinkerhoff North and South America.
Prior to its own acquisition, Parsons Brinkerhoff was busy acquiring other firms. In 2010 Heery International became the US buildings operating company of PB. The architecture, interior design, engineering, construction management firm is based in Georgia. That same year Canada's Halsall Group joined PB after Balfour Beatty acquired it. The deal expanded PB's presence in Canada.
PB has contributed to such landmark projects as the Cape Cod Canal, the Detroit-Windsor Tunnel, and the North American Air Defense Command (NORAD). In the 1890s it helped build the first railroad across China, where the company still works on large infrastructure projects. It also has participated in the design of several of the world's leading public transit systems, including those in Atlanta, San Francisco, Singapore, and Taipei.
Other notable projects in which the globetrotter has been involved are Kuwait's Sabiya Power Station, Egypt's Greater Cairo Metro, Spain's Madrid-Barajas International Airport, and the Central Artery/Tunnel in Boston. PB and URS Corporation also are working on the $2.2 billion transportation hub at New York's World Trade Center site. – less