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Tag Archives: American Securities

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.

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AECOM Gets $192M Army Tactical Network Logistics Support Order; John Vollmer Quoted

AECOM (NYSE: ACM) has received a potential five-year, $192M task order to support the delivery of a unified tactical network for a U.S. Army component operating at the Aberdeen Proving Ground facility in Maryland. “We are proud to expand our support of critical command, control, communications, computers, cyber, intelligence, surveillance and reconnaissance systems for our nation’s defense,” said John Vollmer, president of AECOM's management services group and a 2019 Wash100 winner.

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AECOM Gets $101M Army Prepositioned Stock Logistics Contract Modification

AECOM (NYSE: ACM) has been awarded a one-year, $101M contract modification for logistics support to the Army Prepositioned Stocks-5 program. The company's management services business will continue helping the service brand manage the supply and transportation of APS-5 equipment for soldiers in Camp Arifjan, Kuwait and Doha, Qatar, the Department of Defense said Monday.

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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 …

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Reuters: PAE Attracts Acquisition Offers From 3 Investment Firms

Three private equity firms have put forward bids to acquire Arlington, Virginia-based government services contractor PAE from owner Lindsay Goldberg, Reuters reported Friday. Mike Stone and Greg Roumeliotis write Apollo Global Management emerged as the leading bidder during a recent auction process and is currently in talks with Lindsay Goldberg for a potential acquisition …

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