AECOM Sells Civil Const Business To Oroco Capital
<span style="font-weight: 400;">AECOM, the global infrastructure consulting firm, has signed a definitive agreement to sell its civil construction business, which includes the Shimmick Construction business, to affiliates of Oroco Capital. AECOM’s civil construction business operates across all civi
Published -
Dec 14, 2020 4:31 AM
AECOM, the global infrastructure consulting firm, has signed a definitive agreement to sell its civil construction business, which includes the Shimmick Construction business, to affiliates of Oroco Capital. AECOM’s civil construction business operates across all civil infrastructure sectors, including heavy civil, mass transit, mining, water, highways, and bridges, for both private and public clients. AECOM says that the transaction is expected to close in January.. The sale of our civil construction business, together with the sale of r power construction business in October, represents a significant milestone in advancing AECOM strategy of higher-margin and lower-risk professional services businesses.. Wachtell, Lipton, Rosen and Katz served as legal advisor to AECOM in connection with the transaction, while DBO Partners LLC served as its financial advisor. AECOM’s professional services business generated revenue of £9.90 billion in the fiscal year of 2020, according to data from Nasdaq.