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Tag: AECOM

AECOM Sells Power Business as Part of Restructuring

October 17, 2020
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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.…

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AECOM, EnergySolutions Joint Venture to Decommission San Onofre Nuclear Plant

December 27, 2016
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After a 10-month competitive bid process, Southern California Edison (SCE) has selected a joint venture of AECOM and EnergySolutions as the general contractor for the San Onofre Nuclear Generating Station (SONGS) decommissioning.

“We are pleased to announce the selection of the AECOM/EnergySolutions team, a global joint venture with extensive commercial and government decommissioning experience around the world, as the prime contractor to safely and efficiently dismantle the San Onofre nuclear plant,” said Ron Nichols, SCE president. The joint venture will be known as SONGS Decommissioning Solutions.

SONGS is one of the largest commercial nuclear plant decommissioning projects to take place in the U.S. with an estimated total cost of $ 4.4 billion including used fuel management, radiological decommissioning, and site restoration costs. The contract represents a significant portion of the work required to decommission the plant. The project is expected to create about 600 new jobs over the 10-year dismantlement and decontamination phase.

“We are currently decommissioning two nuclear power stations in Wisconsin and Illinois and are uniquely qualified for decommissioning projects with state-of-the-art facilities to process and dispose of waste that will be generated throughout the course of this project,” said Ken Robuck, president of Disposal and Nuclear Decommissioning at EnergySolutions.…

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