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Search Results for: AECOM

Private Equity Firms Close $2.4B Purchase of AECOM’s Management Services Arm; Michael Burke Quoted

Affiliates of private equity firms Lindsay Goldberg and American Securities have completed the acquisition of AECOM’s (NYSE: ACM) management services business for $2.4B. “We are pleased to complete this value-enhancing transaction, which further hones our focus on our Professional Services business and we expect will enable us to accelerate debt reduction and share repurchases,” Michael Burke, chairman and CEO of AECOM, said in a statement published Monday.

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AECOM Gets $192M Army Tactical Network Logistics Support Order; John Vollmer Quoted

AECOM (NYSE: ACM) has received a potential five-year, $192M task order to support the delivery of a unified tactical network for a U.S. Army component operating at the Aberdeen Proving Ground facility in Maryland. “We are proud to expand our support of critical command, control, communications, computers, cyber, intelligence, surveillance and reconnaissance systems for our nation’s defense,” said John Vollmer, president of AECOM's management services group and a 2019 Wash100 winner.

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AECOM Gets $101M Army Prepositioned Stock Logistics Contract Modification

AECOM (NYSE: ACM) has been awarded a one-year, $101M contract modification for logistics support to the Army Prepositioned Stocks-5 program. The company's management services business will continue helping the service brand manage the supply and transportation of APS-5 equipment for soldiers in Camp Arifjan, Kuwait and Doha, Qatar, the Department of Defense said Monday.

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Starboard Recommends Three New Directors to AECOM Board; Michael Burke Quoted

Starboard Value, a New York-based investment adviser and a shareholder of AECOM (NYSE: ACM), has recommended three independent directors for appointment to AECOM’s board under a governance agreement. AECOM said Friday Peter Feld, a managing member of Starboard, and Robert Card, president of executive advisory services firm The Card Group, will immediately join its board, while Jacqueline Hinman, former chairman, president and CEO of CH2M Hill, will assume duties as a board member on Dec. 16.

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EM’s Weekly Roundup: AECOM Sells Management Services Business to American Securities for $2.4B, Leidos Wins Two Huge Contracts, POC Announces Panelist for Unmanned Systems in the Future Fight, Executive Moves & Weekly Top 10 Stories

AECOM has entered into a definitive agreement to sell its management services business to affiliates of American Securities and Lindsay Goldberg for $2.4 billion, the company announced on Monday. The transaction has been unanimously approved by the company’s board of directors and is subject to customary closing conditions and regulatory …

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