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 businesswhich provides consulting services to the government sectorto 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, AECOMs chief executive office…
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