Who bought Shimmick Construction?
Who bought Shimmick Construction?
LOS ANGELES – July 6, 2017 – AECOM (NYSE:ACM), a premier, fully integrated global infrastructure firm, and Shimmick Construction today announced a definitive agreement for AECOM to acquire Shimmick, an established leader in the California and Western U.S. heavy civil construction market.
Who is shimmick?
Shimmick operates as an independent company with renewed commitment to ongoing investments in its employees, technology, and equipment. As a privately held company, Shimmick enjoys greater control over business operations and strategic direction, while continuing to create value for our clients.
How much did AECOM sell shimmick for?
$175 million
AECOM said on Dec. 10 that it reached a definitive agreement to sell its civil construction business, which includes California-based Shimmick Construction that it acquired for $175 million in 2017, to affiliates of infrastructure private equity investor Oroco Capital.
When did AECOM acquire shimmick?
2017
The company’s civil construction business does heavy civil, mass transit, mining, water, highway and bridge work for private and public clients. The sale includes the Shimmick Construction business, which AECOM purchased for $175 million in 2017.
Is aecom being sold?
10, 2020– AECOM (NYSE:ACM), the world’s premier infrastructure consulting firm, today announced the signing of a definitive agreement to sell its Civil construction business, which includes the Shimmick Construction business, to affiliates of Oroco Capital .
Did aecom get bought out?
Graham Group of Companies announced an agreement last month to acquire the North American assets of global infrastructure consulting firm AECOM’s Energy Operations and Maintenance Division (EOM).
Who owns aecom?
AECOM
| Type | Public company |
|---|---|
| Area served | Worldwide |
| Key people | Douglas W. Stotlar (Chairman) S. Akito (CEO) Lara Poloni (President) |
| Services | Architectural engineering Building design Construction management |
| Revenue | US$13.24 billion (2020) US$13.64 billion (2019) |
Who bought AECOM?
14, 2019– AECOM (NYSE:ACM), the world’s premier infrastructure firm, today announced that it has entered into a definitive agreement for the sale of its Management Services (MS) business to affiliates of American Securities LLC and Lindsay Goldberg for a purchase price of $2.405 billion , which reflects an 11.6x …
Is AECOM being sold?
Who bought aecom management services?
As of January 31, 2020, AECOM has completed the sale of its Management Services business to affiliates of Lindsay Goldberg and American Securities LLC who have created a new entity, Amentum.
Did Graham buy aecom?
Graham now Western Canada’s largest construction company with purchase of AECOM division.
Who is buying aecom?
Design and engineering firm Aecom has sold its Management Services business – which provides consulting services to the government sector – to private equity firms American Security and Lindsay Goldberg. The $2.4 billion transaction is expected to close in in the first half of fiscal 2020.
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