Aecom sell its management services unit to private equity firm consortium

On october 16, 2019, aecom announced that on october 13, 2019, the company has agreed to sell its management services unit, which includes work for the u.s. defense and energy depts. and expertise in cyber security and information technology, to a private equity firm consortium for $2.4 billion. the company’s board unanimously approved the deal. the company had announced in june its intent to spin off the unit, with pressure from starboard value lp.
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