The U.S. Navy has awarded four companies a $92M modification that increases the potential value of an indefinite-delivery/indefinite-quantity contract for global contingency construction services to $1.24B. AECOM's (NYSE: ACM) URS subsidiary, Jacobs Engineering Group's (NYSE: JEC) CH2M business, KBR (NYSE: KBR) and Environmental Chemical Corp. hold positions on the IDIQ.
Read More »Starboard Recommends Three New Directors to AECOM Board; Michael Burke Quoted
Starboard Value, a New York-based investment adviser and a shareholder of AECOM (NYSE: ACM), has recommended three independent directors for appointment to AECOM’s board under a governance agreement. AECOM said Friday Peter Feld, a managing member of Starboard, and Robert Card, president of executive advisory services firm The Card Group, will immediately join its board, while Jacqueline Hinman, former chairman, president and CEO of CH2M Hill, will assume duties as a board member on Dec. 16.
Read More »Four Contractors Get Additional $92M Modification on Global Contingency Construction IDIQ
The U.S. Navy has awarded $92M in additional funds under a global contingency construction contract with AECOM's (NYSE: ACM) URS subsidiary, Environmental Chemical Corp., Jacobs Engineering Group's (NYSE: JEC) CH2M business and KBR.
Read More »Four Firms to Extend Navy Contingency Construction Services Under $92M IDIQ Modification
Four companies been awarded a $92M modification under a U.S. Navy indefinite-delivery/indefinite-quantity contract for global contingency construction services to the military branch, the Department of Defense and federal civilian agencies.
Read More »Four Firms Receive $80M Increase on Navy Contingency Construction Services Contract
AECOM’s (NYSE: ACM) URS subsidiary, Jacobs Engineering Group‘s (NYSE: JEC) CH2M business, KBR and Environmental Chemical Corp. have been awarded an $80M contract modification for global contingency construction services.
Read More »EM’s Weekly Roundup: AECOM Sells Management Services Business to American Securities for $2.4B, Leidos Wins Two Huge Contracts, POC Announces Panelist for Unmanned Systems in the Future Fight, Executive Moves & Weekly Top 10 Stories
AECOM has entered into a definitive agreement to sell its management services business to affiliates of American Securities and Lindsay Goldberg for $2.4 billion, the company announced on Monday. The transaction has been unanimously approved by the company’s board of directors and is subject to customary closing conditions and regulatory …
Read More »Army Picks Three for Potential $150M Architect, Design Services Contract
The U.S. Army has selected an AECOM (NYSE: ACM)-Tetra Tech joint venture, Black & Veatch and Jacobs Engineering Group (NYSE: JEC) for a potential five-year, $150M contract covering architect and design services.
Read More »American Securities, Lindsay Goldberg Ink $2.4B Deal for AECOM’s Mgmt Services Arm; John Vollmer Quoted
Affiliates of private equity firms Lindsay Goldberg and American Securities have agreed to acquire AECOM’s (NYSE: ACM) management services business for $2.4B.
Read More »Report: Private Equity Firms Near Deal to Buy AECOM’s Mgmt Services Business
Investment firms American Securities and Lindsay Goldberg are seeking to acquire the management services business of AECOM (NYSE: ACM) in a deal that could be worth up to $2.4B, Bloomberg reported Sunday.
Read More »Army Engineers Award Seven Spots on $999M Disaster Infrastructure Construction Contract
One joint venture and six independent firms have landed spots on a potential $999M contract from the U.S. Army Corps of Engineers to provide rapid disaster construction services.
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