March 26, 2024

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AECOM completes sale of its Civil design company

4 min read

AECOM completes sale of its Civil building enterprise

AECOM (NYSE:ACM), the world’s leading infrastructure consulting business, nowadays declared the thriving completion of its sale of the Civil design organization to affiliates of Oroco Capital, a strategic infrastructure trader. Such as the sale of the Power construction organization in Oct, the Business has now exited considerably all of its self-execute, at-possibility construction companies.

AECOM also introduced that as of nowadays it has executed approximately $150 million of share repurchases because its fourth quarter fiscal 2020 earnings announcement on November 16, 2020. Given that September 2020, the Company has executed a lot more than $600 million of share repurchases. As a result, diluted shares fantastic has been lowered by roughly 8%. The Business has somewhere around $850 million of repurchase ability remaining underneath its present $1 billion Board authorization.

“The completion of the sale of the Civil development business marks a substantial milestone in the transformation of our organization profile to best posture AECOM for very long-term results,” mentioned Troy Rudd, AECOM’s main government officer. “As world-wide leaders in the infrastructure, atmosphere and drinking water markets, we are poised to capitalize on our clients’ expanding need for our consulting services to transform towns, obtain daring ESG ambitions and improved the communities we provide. With the development we have created on our key strategic priorities, our improvement of our Assume and Act Globally approach to push advancement and the momentum in the enterprise, we keep on being committed to repurchasing shares in order to totally capitalize on the worth creation option.”

Advisor

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

About AECOM

AECOM (NYSE:ACM) is the world’s leading infrastructure consulting business, delivering specialist services all through the task lifecycle – from scheduling, layout and engineering to software and construction management. On assignments spanning transportation, properties, water, electricity and the environment, our general public- and private-sector clients belief us to remedy their most sophisticated problems. Our teams are pushed by a common reason to provide a much better world by way of our unrivaled complex knowledge and innovation, a society of fairness, diversity and inclusion, and a dedication to environmental, social and governance priorities. AECOM is a Fortune 500 agency and its Skilled Services business enterprise experienced profits of $13.2 billion in fiscal yr 2020. See how we supply what others can only consider at aecom.com and @AECOM.

Ahead-Looking Statements

All statements in this communication other than statements of historical reality are “forward-searching statements” for functions of federal and state securities laws, which include any statements of the designs, techniques and goals for long run functions, profitability, strategic worth development, coronavirus impacts, chance profile and expenditure methods, and any statements about foreseeable future economic circumstances or functionality, and the envisioned fiscal and operational outcomes of AECOM. Though we imagine that the expectations reflected in our forward-searching statements are acceptable, genuine final results could differ materially from individuals projected or assumed in any of our forward-searching statements. Crucial things that could lead to our real success, performance and achievements, or field final results to differ materially from estimates or projections contained in our forward-looking statements contain, but are not restricted to, the following: our company is cyclical and susceptible to financial downturns and client investing reductions impacts triggered by the coronavirus and the connected economic instability and sector volatility, such as the reaction of governments to the coronavirus, like any extended period of time of vacation, commercial or other identical constraints, the delay in graduation, or momentary or long term halting of construction, infrastructure or other initiatives, needs that we remove our workers or staff from the industry for their safety, and delays or reductions in prepared initiatives by our governmental or professional purchasers or opportunity purchasers losses less than mounted-value contracts constrained control in excess of operations operate by means of our joint venture entities legal responsibility for misconduct by our staff members or consultants failure to comply with legislation or restrictions relevant to our small business maintaining satisfactory surety and economic ability substantial leverage and prospective inability to services our credit card debt and guarantees publicity to Brexit publicity to political and economic threats in diverse nations forex trade rate fluctuations retaining and recruiting vital complex and administration personnel legal statements inadequate insurance coverage coverage environmental law compliance and sufficient nuclear indemnification surprising changes and cancellations linked to our backlog partners and third functions who may well fall short to satisfy their lawful obligations AECOM Funds actual estate progress assignments taking care of pension value cybersecurity issues, IT outages and facts privacy threats linked with the positive aspects and expenditures of the Management Services transaction, which includes the risk that the anticipated gains of the Administration Solutions transaction or any contingent obtain price will not be realized inside the expected time frame, in whole or at all the risk that costs of restructuring transactions and other fees incurred in connection with the Management Expert services transaction will exceed our estimates or if not adversely have an affect on our enterprise or functions as very well as other added dangers and variables that could bring about actual effects to vary materially from our ahead-seeking statements established forth in our reports filed with the Securities and Exchange Fee. Any ahead-searching statements are manufactured as of the date hereof. We do not intend, and undertake no obligation, to update any forward-seeking statement.

Trader:

Will Gabrielski

Senior Vice President, Finance, Trader Relations

213.593.8208

[email protected]

Media:

Brendan Ranson-Walsh

Vice President, World Communications & Corporate Accountability

213.996.2367

[email protected]

Watch resource variation on businesswire.com: https://www.businesswire.com/news/property/20210104005762/en/

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