Friday, October 16, 2020

AECOM Sells Power Construction Business To Private Equity Investor

Los Angeles-based construction giant AECOM announced this morning that it is selling off its Power construction business, to affiliates of CriticalPoint Capital, LLC. Financial details of the deal were not announced. The company said the sale is part of an effort to transform itself into a "higher-margin, lower-risk" professional services business. AECOM said it was advised by Wachtell, Lipton, Rosen & Katz along with DBO Partners LLC in the transaction.

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