London-basedBalfour Beatty plc. is considering selling Parsons Brinckerhoff some five years after buying the New York City-based design and management firm for the equivalent of $626 million.
Balfour Beatty CEO Andrew McNaughton also announced he is leaving the firm, effective immediately. McNaughton had only replaced former CEO Ian Tyler in January 2013. He became chief operating officer in 2009 and helped execute PB’s high profile acquisition later that year.