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Business/Financial

AECOM to Sell Government Contracting Biz to Investment Group for $2.4 Billion

Defense Daily Staff

Thursday, October 17th, 2019

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AECOM to Sell Government Contracting Biz to Investment Group for $2.4 Billion

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AECOM [ACM] said on Monday it plans to sell its government contracting business for $2.4 billion to two investment firms rather than advancing its previous plan to spin the branch off into a stand-alone public company. Affiliates of New York City-based American Securities and Lindsay Goldberg are joining to buy AECOM’s Management Services business. In June, AECOM announced plans for a 2020 initial public offering for the Management Services group, which holds billions of dollars’ worth of contracts with the…

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