AECOM announced Oct. 13 that it has agreed to sell its management services unit, which includes work for the U.S. Defense and Energy Depts. and expertise in cybersecurity and information technology, to a private equity firm consortium for $2.4 billion.
The AECOM board unanimously approved the deal, which had been set to close in the first half of its fiscal 2020 but now will likely close in January, reports say.. The firm had announced in June its intent to spin off the unit, with pressure from activist investor Starboard Value,