AECOM is delivers professional services throughout the project lifecycle, from planning, design and engineering to program and construction management
AECOM to sell Power construction business to CriticalPoint Capital. (Credit: Gerd Altmann from Pixabay.)
AECOM (NYSE:ACM), the world’s premier infrastructure consulting firm, today announced the closing of the sale of its Power construction business to affiliates of CriticalPoint Capital, LLC.
“The sale of the Power construction business marks another milestone in the successful execution of our transformation into a higher-margin, lower-risk Professional Services business,” said Troy Rudd, AECOM’s chief executive officer. “We have built significant momentum in our business and continue to advance efforts to align our organization around a global structure that fosters a culture of collaboration, better connects our expertise and focuses on our best growth opportunities. On behalf of our company, I thank the Power construction team for their contributions over the years and wish the business and CriticalPoint Capital the best of success.”
Wachtell, Lipton, Rosen & Katz served as legal advisor to AECOM in connection with the transaction, and DBO Partners LLC served as its financial advisor.
Source: Company Press Release