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Private Equity Firms Close $2.4B Purchase of AECOM’s Management Services Arm; Michael Burke Quoted
Affiliates of private equity firms Lindsay Goldberg and American Securities have completed the acquisition of AECOM’s (NYSE: ACM) management services business for $2.4B. “We are pleased to complete this value-enhancing transaction, which further hones our focus on our Professional Services business and we expect will enable us to accelerate debt reduction and share repurchases,” Michael Burke, chairman and CEO of AECOM, said in a statement published Monday.
Leidos Closes $1.65B Dynetics Purchase; Roger Krone Quoted
Leidos (NYSE: LDOS) finalized its purchase of Huntsville, Ala.-based technology services contractor Dynetics for approximately $1.65B in cash a month after the transaction was initially announced.