Lindsay Goldberg and American Securities’ $2.405 Billion Acquisition of AECOM’s Management Services Business

On October 14, 2019, affiliates of Lindsay Goldberg, a private investment firm, and American Securities LLC, a U.S. private equity firm, announced that they have entered into a definitive agreement to acquire the Management Services business from infrastructure firm AECOM for a purchase price of $2.405 billion. Management Services is a leading contractor to the U.S. federal government and serves various departments and agencies including the Department of Defense and the Department of Energy, as well as departments and agencies of allied governments. Cravath is representing Lindsay Goldberg and American Securities LLC in connection with the transaction.

The Cravath team was led by partners David J. Perkins and Richard Hall and included associates Valerie Sapozhnikova, Nicholas Kypriotakis, David E. Jean-Baptiste and Joseph A. Marshall on M&A matters; partner J. Leonard Teti II and associates Kiran Sheffrin and Rory M. Minnis on tax matters; partner Tatiana Lapushchik and associate Alexander E. Greenberg on financing matters; associate Jana I. Hymowitz on executive compensation and benefits matters; senior attorney Jesse M. Weiss on antitrust matters; senior attorney Annmarie M. Terraciano on environmental matters; and practice area attorneys Brian M. Budnick and Laurel R. Berkowitz on real estate matters. Brian Diliberto also worked on executive compensation and benefits matters.