Aecom completes sale of its Management Services business
AECOM announced that it has successfully closed the sale of its Management Services business to affiliates of American Securities LLC and Lindsay Goldberg LLC for a purchase price of US$ 2.405 billion, subject to customary cash, debt, and working capital adjustments. Included in the purchase price is the contingent purchase price of approximately US$ 150 million.
The completed sale, at a premium to AECOM’s valuation, accelerates AECOM’s value creation strategy and advances its ongoing transformation and focus on its higher-returning and lower-risk Professional Services business.
Country updates
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February 04, 2020
Maryland approves amendments for Traffic Relief Plan P3
The Maryland Board of Public Works (BPW) in the USA has voted to advance the public-private partnership for Traffic Relief Plan which includes implementation of 'Capital Beltway Accord' to b...
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February 04, 2020
Financial close for Miami-Dade county courthouse
Miami-Dade county has reached a financial close for a new courthouse in downtown Miami. The Project is being implemented by Plenary Group with Tutor Perini Corporation as design-build cont...
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February 03, 2020
Industry Forum for urban transport program in USA
Jacksonville Transportation Authority (JTA) in Florida, USA has announced the Industry Forum to discuss the Ultimate Urban Circulator Program in Jacksonville before the official Request for Propo...
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January 31, 2020
YIELCO announces final close for YIELCO Infrastruktur II
YIELCO Investments, a financial services company, and management company for YIELCO Infrastruktur II fund announced final close for the fund at a volume of EUR 310 million (US$ 342.05 milli...
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January 31, 2020
Ketchikan City Council to review cruise port proposals
Ketchikan City Council in Alaska, USA has received three proposals for cruise ship docks port from Survey Point Holdings, Global Ports Holding and SSA Marine. The council meeting was schedu...
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