LOS ANGELES–(Enterprise WIRE)–AECOM (NYSE:ACM), the world’s leading infrastructure consulting company, these days introduced the prosperous completion of its sale of the Civil building business to affiliate marketers of Oroco Money, a strategic infrastructure investor. Like the sale of the Electric power design business enterprise in October, the Enterprise has now exited considerably all of its self-perform, at-risk building organizations.

AECOM also introduced that as of right now it has executed just about $150 million of share repurchases due to the fact its fourth quarter fiscal 2020 earnings announcement on November 16, 2020. Due to the fact September 2020, the Corporation has executed much more than $600 million of share repurchases. As a end result, diluted shares exceptional has been diminished by roughly 8%. The Enterprise has about $850 million of repurchase ability remaining less than its current $1 billion Board authorization.

“The completion of the sale of the Civil design organization marks a important milestone in the transformation of our small business profile to ideal position AECOM for extended-time period achievements,” explained Troy Rudd, AECOM’s main executive officer. “As international leaders in the infrastructure, setting and drinking water marketplaces, we are poised to capitalize on our clients’ raising demand from customers for our consulting expert services to rework metropolitan areas, attain daring ESG ambitions and superior the communities we provide. With the development we have produced on our key strategic priorities, our improvement of our Feel and Act Globally tactic to travel advancement and the momentum in the business enterprise, we continue being committed to repurchasing shares in purchase to entirely capitalize on the benefit development possibility.”


Wachtell, Lipton, Rosen & Katz served as legal advisor to AECOM in connection with the transaction, and DBO Partners LLC served as its financial advisor.


AECOM (NYSE:ACM) is the world’s premier infrastructure consulting agency, delivering skilled companies throughout the challenge lifecycle – from arranging, design and style and engineering to application and development administration. On assignments spanning transportation, buildings, water, energy and the ecosystem, our community- and personal-sector clients have faith in us to address their most complex challenges. Our teams are driven by a frequent purpose to produce a improved world via our unmatched technological experience and innovation, a society of equity, range and inclusion, and a determination to environmental, social and governance priorities. AECOM is a Fortune 500 organization and its Skilled Products and services business experienced profits of $13.2 billion in fiscal yr 2020. See how we supply what other individuals can only visualize at aecom.com and @AECOM.

Ahead-Hunting Statements

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AECOM completes sale of its Civil building small business