Security Firm Part of Aecom Deals

Thursday, August 5, 2010 @ 03:08 PM gHale


National security and intelligence services firm McNeil Technologies Inc. is one of the companies purchased today by engineering firm Aecom Technology Corp.
Los Angeles-based Aecom bought two engineering companies for $679 million. It paid $335 million for Springfield, VA-based McNeil and $324 million for privately held project management consultant Davis Langdon of London.
The two deals come after last month’s pact for construction manager Tishman Construction Corp. for $245 million. In May, Aecom bought Spanish technical services provider Inocsa Ingenieria SL for undisclosed terms.
Aecom said the Davis Langdon deal should close in October. Davis Langdon has 2,800 employees and operates in Africa, Australia and New Zealand, Europe, the Middle East and the U.S. Its Asian counterpart, Davis Langdon & Seah, will remain independent, but will continue to work with Aecom’s Davis Langdon under an existing collaboration agreement.
The McNeil deal should close by the end of September. McNeil, which had $245 million in revenue last year, has 1,500 employees and contracts with the Defense and Homeland Security departments and other federal and municipal agencies. Together with SSI Services Inc., which Aecom bought for an undisclosed amount in November, McNeil helps to diversify Aecom’s work in the national security field, the company said.



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