Thursday, May 5, 2011

Top 500 Design Firm!

Garver moved up nearly 40 spots on Engineering News-Record's annual list of the Top 500 Design Firms nationwide. Garver is listed #224, up from #262 last year. This is the 25th time Garver has been listed as a top design firm in ENR's annual rankings.

Based on Top 500 survey information, ENR reported a number of findings regarding industry markets and trends in 2010.

  • The $79.8 billion in design revenue was down 0.2 percent from 2009's $80 billion.
  • Design revenue for projects located in the United States dropped 2.3 percent, $59.22 billion down to $57.86 billion.
  • When asked about the future market, 418 firms responded, and 58.9 percent said the market would improve in the next 12 months.
  • 457 of the firms ranked in 2009 were also ranked in 2010. Among those firms, 41.6 percent saw revenue increase last year, and 57.1 percent saw revenue decline in 2010.
  • Twelve firms listed in last year's Top 500 have been acquired or absorbed into parent companies. This includes #12 Arcadis acquiring #56 RTKL Associates Inc., #25 Stantec acquiring #85 Burt Hill, and #1 AECOM acquiring #102 Ellerbe Becket.
  • Two firms on the list this year have already been acquired by another company. This includes #23 CDM's acquisition of #70 Wilbur Smith Associates.

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