CH2M Hill Buys E&C Firm in Alaska

CH2M Hill (Denver), an engineering and construction (E&C) firm, says it has acquired privately held Veco (Anchorage) for nearly $463 million. Velco provides services including E&C for the oil and gas, mining, and power industries, The deal is CH2M Hill’s largest investment, says Garry Higdem, who will lead the new business for CH2M Hill. Veco will operate under the CH2M Hill name. The deal includes businesses specializing in program management, procurement, operations, and maintenance. Veco employs more than 4,000, and has operations in Canada and...

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