U.S. construction and engineering firm AECOM close to selling its management services business to a consortium of private equity firms

Earlier this year, activist investor Starboard Value had urged the company to consider a strategic review of its assets.

As per a report from Bloomberg, U.S. construction and engineering firm AECOM is said to be nearing a $2.4 billion deal to sell its management services unit to a consortium of private equity firms which includes Lindsay Goldberg and American Securities.

The announcement of the potential deal could be as early as later today.

The potential sale is on expected lines since earlier this year, AECOM had announced plans to spin off its management services division following activist investor Starboard Value urging the company to consider a strategic review of its assets.

While Lindsay Goldberg and AECOM did not immediately respond to a request for comment, American Securities declined to comment.



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