AECOM Sells Power Business as Part of Restructuring
The post AECOM Sells Power Business as Part of Restructuring appeared first on POWER Magazine.
AECOM has announced the closing of the sale of its Power construction business to affiliates of CriticalPoint Capital LLC. Terms of the deal were not disclosed.
The Los Angeles, California-based infrastructure consulting firm, which this month announced a restructuring plan, earlier this year closed on the $ 2.4 billion sale of its Maryland-based Management Services business—which provides consulting services to the government sector—to New York-based private equity firms American Securities and Lindsay Goldberg.
“The sale of the Power construction business marks another milestone in the successful execution of our transformation into a higher-margin, lower-risk Professional Services business,” said Troy Rudd, AECOM’s CEO, in an Oct. 16 news release. “We have built significant momentum in our business and continue to advance efforts to align our organization around a global structure that fosters a culture of collaboration, better connects our expertise and focuses on our best growth opportunities.…
