AECOM announced that it has successfully closed the sale of its Management Services business to affiliates of American Securities LLC and Lindsay Goldberg LLC for a purchase price of US$ 2.405 billion, subject to customary cash, debt, and working capital adjustments. Included in the purchase price is the contingent purchase price of approximately US$ 150 million.

The completed sale, at a premium to AECOM’s valuation, accelerates AECOM’s value creation strategy and advances its ongoing transformation and focus on its higher-returning and lower-risk Professional Services business.