Decade 3 (2006 – 2015) started with QRI fully involved in emergency response work due to Hurricanes Katrina ($160B) and Rita ($11B) and actively proposing on Federal work, which resulted in winning 95 Federal proposals in Decade 3. QRI developed their “Joint Venture Strategy” (JV) during Decade 3 due to natural disasters greatly impacting our region. Therefore, the Great Recession (December 2007 – June 2009) was not felt as hard by QRI because we benefited from the American Recovery and Reinvestment Act of 2009 (ARRA) and received many Direct Award contracts from the Federal government. However, merger and acquisitions continued to be a thorn in the side with Applied Research Associates, Inc. selling their Geomarine subsidiary in 2013 to Versar and URS being acquired by AECOM in 2014. The result of these mergers led QRI to develop a “Merger & Acquisition” Strategy .
Decade 3: 2006 – 2015
by Stephen Morrison | Jul 17, 2020