Infrastructure consulting firm Aecom has agreed to sell its civil construction business, which includes the Shimmick Construction business, to affiliates of Oroco Capital.
Aecom’s civil construction business encompasses all civil infrastructure sectors, including heavy civil, mass transit, mining, water, highways and bridges, for private- and public-sector clients. The business offers capabilities in heavy civil works and site preparation, including self-performing electrical contractors and complex foundations, with collective competencies of engineers and craft employees.
“Today’s announcement of the sale of our civil construction business, together with the sale of our power construction business in October, represents a significant milestone in advancing our strategy and focusing our efforts on our higher-margin and lower-risk professional services businesses,” said Troy Rudd, CEO of Aecom.
The transaction is expected to close in January 2021. Financ
