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Business/Financial

AECOM to Spin Off Government Contracting Branch

Tuesday, June 18th, 2019

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AECOM to Spin Off Government Contracting Branch

AECOM [ACM] said Monday it plans next year to spin off its multibillion-dollar government contracting branch into a separate publicly traded company. The Board of Directors to the Los Angeles-based infrastructure multinational unanimously signed off on the separation, which is expected to occur in the second half of 2020, according to an AECOM press release. In a message Monday to company employees, AECOM Chairman and CEO Michael Burke called the spinoff “a strategic move that unlocks new value and will…

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