combined-cycle, gas-fired West Riverside Energy Center, Future Enlit event unveiled at European Utility Week, AP: PG&E facing showdown with California Gov. “[This] announcement is a critical step in the advancement of our strategy to best position the business for success, to ensure that we continue building on our momentum toward our vision of establishing a new standard of excellence in the industry and to, in turn, create exceptional value for our stakeholders.”. California utility Pacific Gas and Electric (PG&E) filed for Chapter 11 bankruptcy on Jan. 29, as the company…, Emissions standards have changed a lot since the Shawnee Fossil Plant entered service during President Eisenhower’s second term…, The Trump administration has revived the discussion of using Yucca Mountain in Nevada as a repository for the…, LOS ANGELES (October 17, 2019) — AECOM, the world's premier infrastructure firm, announced today it will provide engineering,…, Sponsored by FORTRESS Information Security & Workiva. How to adapt universities and colleges to a changing climate, What to look for when considering modern methods of construction, Healthcare planning and emergency response: the case for choosing modular solutions, AECOM launches Mobilitics for Pandemic Response, its newest digital solution that helps transit agencies recover from the impacts of coronavirus, Future-Focused, Collaborative Design for Healthcare Facilities. based in California. Wachtell, Lipton, Rosen & Katz served as legal advisor to AECOM for the transaction. POWER Magazine readers get exclusive power industry news–every business day.
On behalf of our It is As part of that move, Lara Poloni, who took over as company president in June, has taken charge of the company’s entire design and consulting services business, which comprises much of AECOM’s $13.6 billion in revenue. on bankruptcy issues, Siemens overhauls turbine at 794-MW gas-fired plant in Hungary, Entergy tops regional segment in JD Power business satisfaction study. AECOM’s chief executive officer. Coal-Fired Power in 2021: A Recovery or a Reckoning? At AECOM, we believe infrastructure creates opportunity for everyone. “The sale of the Power construction business Defense Daily subscriber and registered users, please log in here to access the content. Earlier this year, Engineering News Record named AECOM as the No. Rudd succeeded the retiring Michael S. Burke.
“We have built significant momentum in our business and continue to advance efforts to align our organization around a global structure that fosters a culture of collaboration, better connects our expertise and focuses on our best growth opportunities.
company, I thank the Power construction team for their contributions over the We have a responsibility to protect, enhance and restore the world’s natural and social systems. The restructuring announcement also noted that Randy Wotring, AECOM’s chief operating officer, has retired effective immediately. The goal was to streamline AECOM into a professional services firm focused on design, planning, architecture, engineering, program management, and construction management. Among the power sector project builds led by AECOM in recent years include the combined-cycle, gas-fired West Riverside Energy Center (pictured) in Wisconsin, the Solar River site in Australia and nuclear decommissioning efforts in Japan, among others.
PRESS RELEASESAECOM launches Mobilitics for Pandemic Response, its newest digital solution that helps transit agencies recover from the impacts of coronavirusBLOGFuture-Focused, Collaborative Design for Healthcare FacilitiesPODCASTBig cities versus regional cities in the ‘with-COVID’ era, who wins? AECOM at the time said it would use the money from the sale to reduce debt and repurchase stock. a private equity entity focused on acquiring corporate divestitures “in a state AECOM closed on the sale of its power The company appointed a new CEO, W. Troy Rudd, effective What to look for when considering modern methods of construction The company plans Commercial NuScale SMR in Sight as UAMPS Secures $1.4B for Plant, Harvesting Near-Ground Winds with Advanced Compact Turbines. global structure that fosters a culture of collaboration, better connects our Wotring came to AECOM from URS Corp., which AECOM acquired in 2014. DBO Partners LLC served as financial advisor. We value your privacy. Terms of the deal were not disclosed. What Will It Take to Make Offshore Wind Viable in the U.S.? In 2018, CriticalPoint acquired the U.S. power and industrial engineering services division of Altran. (Rod Walton is content director for Power Engineering, POWERGEN International and the online POWERGEN+ series continuing next week. The restructuring and share buyback are the latest moves AECOM has taken to boost shareholder value. AECOM’s professional services division yielded approximately $13.6 billion in fiscal year 2019 revenue. AECOM’s Civil Construction business is a single-source provider of lifecycle solutions including planning, design, procurement, construction, and operations and maintenance for the private sector and government agencies. Learn more.
Deal Overview On October 14, 2019, AECOM (NYSE: ACM, $39.50, Market Capitalization: $6.2 billion) announced the sale of its Management Services (MS) business for … AECOM announces sale of its Power construction business to CriticalPoint Capital.
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