Global design giant AECOM Technology Corp., Los Angeles, and leading New York City-based building construction manager Tishman Construction Corp. are linking up to share needed capabilities in a changing construction market.
AECOM announced July 14 that it has paid $245 million to acquire Tishman. The deal, which had been rumored for the last several weeks, adds a construction powerhouse to the growing AECOM family of firms operating around the world, while offering Tishman a springboard to expand its operations beyond struggling commercial building markets in the U.S.