Monday, June 17, 2019

AECOM To Spin Off Government Services Business

Los Angeles-based consulting giant AECOM said this morning that it plans to spin off its government services business, in a deal that it expects will be complete in the second half of fiscal 2020. According to AECOM, it expects the split of the company to help both of its businesses, allowing its management teams to focus on their respective businesses, provide better long-term financial flexibility, better board of directors, and also to better appeal to investors depending on their interest in strategic and financial characteristics of the businesses. According to AECOM, the new, public company will focus on intelligence, cybersecurity, IT, nuclear remediation and O&M expertise and serve national government clients, including the U.S. Departments of Defense and Energy and various intelligence and other agencies.

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