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Bechtel Corporate Office

Warren Bechtel founded Bechtel Corporation in 1898 when he started a sizable contracting business that specialized in railroad and highway building.

In 1925 Warren’s sons Warren Jr., Stephen, and Ken joined the business, incorporating as W.A. Bechtel Company.

In 1928 when the U.S. Congress mandated the construction of a hydroelectric dam on the Colorado River, named the Hoover Dam in honor of president Herbert Hoover, W.A. Bechtel Company joined up with five competitors to form the Six Companies Corporation. The companies’ combined strength gave them the best bid, and Six Companies was awarded the contract in 1931.

After the Hoover Dam was completed two years ahead of schedule, Bechtel’s reputation soared. Warren’s son Warren Jr. was now running the company, and he diversified the company to engineering and oil contracts.

During WWII Bechtel built a shipyard for the US government and participated in the CANOL pipeline project, the company’s first pipeline and one for which they received criticism and eventually a federal investigation for mismanagement.

Through the 1940’s and 1950’s Bechtel continued to expand its pipeline business.

In the 1960’s and 1970’s the company expanded its energy engineering activities. At the same time Bechtel launched its development, finance, and investment arm, Bechtel Enterprise Holdings, Inc.

Today Bechtel has had involvement in a large number of high profile construction and engineering projects, numerous power projects such as refineries and nuclear power plants, and transportation projects. Notable projects include the BART system, the King Fahd International airport in Saudi Arabia, which is the largest airport in the world, and the rebuilding of civil infrastructure in Iraq through USAID.

Bechtel continues to be a family business and is run by fourth-generation CEO, Riley Bechtel.

Bechtel is #5 on the Forbes list of America’s Largest Private Companies. The company has 52,700 employees and had $27.90 billion in revenue in 2011.

 

Bechtel Corporation

Warren Bechtel founded Bechtel Corporation in 1898 when he started a sizable contracting business that specialized in railroad and highway building.

In 1925 Warren’s sons Warren Jr., Stephen, and Ken joined the business, incorporating as W.A. Bechtel Company.

In 1928 when the U.S. Congress mandated the construction of a hydroelectric dam on the Colorado River, named the Hoover Dam in honor of president Herbert Hoover, W.A. Bechtel Company joined up with five competitors to form the Six Companies Corporation. The companies’ combined strength gave them the best bid, and Six Companies was awarded the contract in 1931.

History

After the Hoover Dam was completed two years ahead of schedule, Bechtel’s reputation soared. Warren’s son Warren Jr. was now running the company, and he diversified the company to engineering and oil contracts.

During WWII Bechtel built a shipyard for the US government and participated in the CANOL pipeline project, the company’s first pipeline and one for which they received criticism and eventually a federal investigation for mismanagement.

Through the 1940’s and 1950’s Bechtel continued to expand its pipeline business.

In the 1960’s and 1970’s the company expanded its energy engineering activities. At the same time Bechtel launched its development, finance, and investment arm, Bechtel Enterprise Holdings, Inc.

Today Bechtel has had involvement in a large number of high profile construction and engineering projects, numerous power projects such as refineries and nuclear power plants, and transportation projects. Notable projects include the BART system, the King Fahd International airport in Saudi Arabia, which is the largest airport in the world, and the rebuilding of civil infrastructure in Iraq through USAID.

Bechtel continues to be a family business and is run by fourth-generation CEO, Riley Bechtel.

Bechtel is #5 on the Forbes list of America’s Largest Private Companies. The company has 52,700 employees and had $27.90 billion in revenue in 2011.

 

Ernst & Young Corporate Office

Ernst & Young is the result of a long history of mergers.

The oldest of the firms that make up Ernst & Young was founded in 1849 in England as Harding & Pullein. That year Frederick Whinney joined the firm. When he made partner, and with his sons in the business, the firm was renamed Whinney Smith & Whinney.

The firm Ernst & Ernst was founded in 1903 in Cleveland. Arthur Young & Co. was founded by Arthur Young in Chicago.

In 1979 Whinney Smith & Whinney merged with Ernst & Ernst to form the fourth-largest accounting firm in the world, Ernst & Whinney.

In 1989 Ernst & Whinney merged with the fifth-largest accounting firm, Arthur Young, to create Ernst & Young.

Ernst & Young went through a rebranding in 2013 and the name of the company was officially changed to EY, which had been an informal name for the company previous to the rebranding.

Today EY is a multinational professional services firm. The firm creates a network of member firms which are separate legal entities in different countries.

EY  is #8 on the Forbes list of America’s Largest Private Companies. The company has 152,000 employees and more than 700 offices in 150 countries. EY’s revenue for 2011 was $22.88 billion.

 

Ernst & Young

Ernst & Young is the result of a long history of mergers.

The oldest of the firms that make up Ernst & Young was founded in 1849 in England as Harding & Pullein. That year Frederick Whinney joined the firm. When he made partner, and with his sons in the business, the firm was renamed Whinney Smith & Whinney.

The firm Ernst & Ernst was founded in 1903 in Cleveland. Arthur Young & Co. was founded by Arthur Young in Chicago.

History

In 1979 Whinney Smith & Whinney merged with Ernst & Ernst to form the fourth-largest accounting firm in the world, Ernst & Whinney.

In 1989 Ernst & Whinney merged with the fifth-largest accounting firm, Arthur Young, to create Ernst & Young.

Ernst & Young went through a rebranding in 2013 and the name of the company was officially changed to EY, which had been an informal name for the company previous to the rebranding.

Today EY is a multinational professional services firm. The firm creates a network of member firms which are separate legal entities in different countries.

EY  is #8 on the Forbes list of America’s Largest Private Companies. The company has 152,000 employees and more than 700 offices in 150 countries. EY’s revenue for 2011 was $22.88 billion.

 

Fidelity Investments Corporate Office

The Fidelity Fund was created in 1930, a difficult financial time in the United States after the stock market crash of 1929, and heading into the Great Depression.

The fund was bought in 1943 by Edward C. Johnson II with $3 million in investments. He became the president and director. In 1946 Johnson formed Fidelity Management and Research, the predecessor to Fidelity Investments, to be the investment adviser to the Fidelity Fund.

The company began buying stocks with growth potential under the leadership of a young inexperienced immigrant, Gerry Tsai. Tsai invested in such speculative funds as Xerox and Polaroid.

Ned Johnson succeeded his father as president of Fidelity in 1972.

Fidelity relied on research, innovation, and the intuition of its fund managers to grow, and it was extremely successful.

Today Fidelity Investments is a multinational financial services corporation. It is one of the largest mutual fund and financial services companies in the world. Fidelity has 41,000 employees and had $12.26 billion in revenue in 2011.

Fidelity Investments

The Fidelity Fund was created in 1930, a difficult financial time in the United States after the stock market crash of 1929, and heading into the Great Depression.

The fund was bought in 1943 by Edward C. Johnson II with $3 million in investments. He became the president and director. In 1946 Johnson formed Fidelity Management and Research, the predecessor to Fidelity Investments, to be the investment adviser to the Fidelity Fund.

The company began buying stocks with growth potential under the leadership of a young inexperienced immigrant, Gerry Tsai. Tsai invested in such speculative funds as Xerox and Polaroid.

History

Ned Johnson succeeded his father as president of Fidelity in 1972.

Fidelity relied on research, innovation, and the intuition of its fund managers to grow, and it was extremely successful.

Today Fidelity Investments is a multinational financial services corporation. It is one of the largest mutual fund and financial services companies in the world. Fidelity has 41,000 employees and had $12.26 billion in revenue in 2011.

Platinum Equity Corporate Office

Platinum Equity is an American private equity investment firm that focuses on leveraged buyout investments of companies in the U.S. and Europe.

Tom Gores founded Platinum Equity in 1995. He continues to serve as the company’s CEO.

The company’s first acquisition was LSI, a company that generated computer graphics to recreate accidents for courtroom testimony, for $200,000.

From 1995 to 2001 Platinum Equity made 32 acquisitions worth $226 million.

Today Platinum Equity manages two private equity fund vehicles, Platinum Equity Capital Partners and Platinum Equity Capital Partners II, both directed towards institutional investors. The company has acquired 115 businesses in the information technology, telecommunications, logistics and distribution, industrial, manufacturing, media, real estate, and automotive industries.

Platinum Equity is #23 on the Forbes list of America’s Largest Private Companies. The company has 54,000 employees and had $10.4 billion in revenue in 2011.

Platinum Equity

Platinum Equity is an American private equity investment firm that focuses on leveraged buyout investments of companies in the U.S. and Europe.

Tom Gores founded Platinum Equity in 1995. He continues to serve as the company’s CEO.

The company’s first acquisition was LSI, a company that generated computer graphics to recreate accidents for courtroom testimony, for $200,000.

History

From 1995 to 2001 Platinum Equity made 32 acquisitions worth $226 million.

Today Platinum Equity manages two private equity fund vehicles, Platinum Equity Capital Partners and Platinum Equity Capital Partners II, both directed towards institutional investors. The company has acquired 115 businesses in the information technology, telecommunications, logistics and distribution, industrial, manufacturing, media, real estate, and automotive industries.

Platinum Equity is #23 on the Forbes list of America’s Largest Private Companies. The company has 54,000 employees and had $10.4 billion in revenue in 2011.

First Data Corporate Office

First Data Corporation began as First Data Resources (FDR), a company that provided credit card data processing for member banks in 1971.

In 1980 American Express Information Services Corporation (ISC) bought 80% of FDR. American Express spun off FDR in 1992. The same year the new company went public.

By 1988 First Data was providing transaction processing services in the United States, U.K., Australia, Mexico, and Canada.

In 2007 First Data was bought by Kohlberg Kravis Roberts. First Data subsequently became a private company and its shares were pulled from the New York Stock Exchange. Within two months of the KKR acquisition, First Data laid off 1,700 employees.

Today First Data Corporation is a global payment processing company. Its portfolio includes merchant transaction processing services, credit, debit, payroll and other cash offerings, credit reporting, internet commerce, and mobile payment solutions.

In January 2019, Fiserv acquired First Data and will rebrand all parts of First Data to the Fiserv name.  

The Better Business Bureau notes that the US federal government was taking legal action against the company in May 2020 for possible money laundering charges. 

First Data has 22,000 employees and had $12.05 billion in revenue in 2017. First Data/Fiserv have consolidated its headquarters operations and moved to New York, New York.

First Data Corporation

First Data Corporation began as First Data Resources (FDR), a company that provided credit card data processing for member banks in 1971.

In 1980 American Express Information Services Corporation (ISC) bought 80% of FDR. American Express spun off FDR in 1992. The same year the new company went public.

History

By 1988 First Data was providing transaction processing services in the United States, U.K., Australia, Mexico, and Canada.

In 2007 First Data was bought by Kohlberg Kravis Roberts. First Data subsequently became a private company and its shares were pulled from the New York Stock Exchange. Within two months of the KKR acquisition, First Data laid off 1,700 employees.

Today First Data Corporation is a global payment processing company. Its portfolio includes merchant transaction processing services, credit, debit, payroll and other cash offerings, credit reporting, internet commerce, and mobile payment solutions.

In January 2019, Fiserv acquired First Data and will rebrand all parts of First Data to the Fiserv name.  

The Better Business Bureau notes that the US federal government was taking legal action against the company in May 2020 for possible money laundering charges. 

First Data has 22,000 employees and had $12.05 billion in revenue in 2017. First Data/Fiserv have consolidated its headquarters operations and moved to New York, New York.