AECOM Agrees to Sell its Management Services Business for $2.4B to American Securities, Lindsay Goldberg; John Vollmer Quoted

John Vollmer

AECOM announced on Monday that the company has entered into a definitive agreement to sell its management services business to affiliates of American Securities and Lindsay Goldberg for $2.4B. The sale of the MS business marks the completion of a robust dual-track process that began with the company's June 17th separation announcement and includes a contingent purchase price of approximately $150 million.

“This transaction is a testament to our proven execution ability in complex, mission-critical situations globally and the hard work and commitment of our talented employees, said John Vollmer, president of the AECOM MS group and 2019 Wash100 Award recipient.

The transaction has been unanimously approved by the company's board of directors and is subject to customary closing conditions and regulatory approvals. The definitive purchase agreement includes customary cash, debt and working capital adjustments. The deal is expected to close in the first half of fiscal 2020.

Goldman Sachs & Co. and DBO Partners are serving as financial advisers and Wachtell, Lipton, Rosen & Katz is serving as legal adviser. Cravath, Swaine & Moore is serving as legal adviser to American Securities and Lindsay Goldberg.

“American Securities and Lindsay Goldberg have impressive track records of building lasting value for their portfolio companies, particularly in the government services sector. I am confident that this world-class investor group has the resources and expertise that will enable us to accelerate our innovation and future growth,“ Vollmer added.


AECOM (NYSE:ACM) is the world's premier infrastructure firm, delivering professional services across the project lifecycle ““ from planning, design and engineering to consulting and construction management. We partner with our clients in the public and private sectors to solve their most complex challenges and build legacies for generations to come.

You may also be interested in...


S-Docs Meets FedRAMP Moderate Level, DOD Impact Level-4 Requirements

S-Docs has achieved moderate level certification under the Federal Risk and Authorization Management Program and complied with the Impact Level 4 standards of the Department of Defense Cloud Computing Security Requirements Guide following a cybersecurity assessment conducted by Coalfire Systems.

Bradley M2A3 IFV

BAE, General Dynamics Bid for Army Bradley Replacement Competition

Industry teams led by BAE Systems and General Dynamics have submitted bids to the U.S. Army for a competitive program to replace the branch's Bradley infantry fighting vehicle platform. The two companies separately confirmed plans to join the Optionally Manned Fighting Vehicle competition nearly six months after Rheinmetall's U.S. subsidiary unveiled its own team that will pursue the OMFV program.

Caron Ward EVP IronArch Technology

Former LMI Exec Caron Ward Joins IronArch in EVP Role

Caron Ward, formerly director of LMI's program and implementation management practice, has been named executive vice president of customer experience and delivery engagement at McLean, Virginia-based federal consulting services provider IronArch Technology. She previously supported multiple engagements with government clients and worked at Hewlett Packard and IBM earlier in her career.