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  • Friday, November 22, 2024

Report: Private Equity Firms Near Deal to Buy AECOM’s Mgmt Services Business


Jeff Brody

Investment firms American Securities and Lindsay Goldberg are seeking to acquire the management services business of AECOM (NYSE: ACM) in a deal that could be worth up to $2.4B, Bloomberg reported Sunday.

News of the possible transaction came nearly four months after AECOM unveiled its plans to spin off the unit as an independent, publicly traded venture that would primarily support national government clients.

2019 Wash 100 awardee John Vollmer leads the group, which earned $3.7B in fiscal 2018 revenue.

The report said AECOM’s market cap hit $5.9B at Friday’s close.

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