AECOM expands reach through AECOM Capital investment fund
LOS ANGELES -- April 22, 2013
AECOM Technology Corporation (NYSE: ACM), a leading provider of professional
technical and management support services for public and private clients in
more than 140 countries around the world, provided an update today on the
progress of its investment fund, AECOM Capital.
The US$150 million fund is officially known as AECOM Global Fund I, L.P. and
has offices in New York City and Los Angeles. The fund is expected to make
direct investments in real estate and public-private projects.
“AECOM Capital is a visionary investment platform that provides us with
opportunities to play an important role in development projects as our clients
pursue alternative-delivery options and look for partners who can provide
financing, along with our traditional services,” said John M. Dionisio, AECOM
chairman and chief executive officer. “This fund also provides another
opportunity to connect us with infrastructure projects that can benefit from
our comprehensive service offerings.”
The fund currently is focused on investments in U.S. public-private
partnership transportation and infrastructure opportunities as well as private
real estate projects.
“We are proud to be able to offer an innovative financing solution – to help
address shortfalls in public funding for critical infrastructure projects and
to help address the tightened credit environment for private sector real
estate projects,” said Michael S. Burke, AECOM president. “Through these
investments, we now have an opportunity to participate as a vital partner in
advancing projects with our clients, while also generating revenue as our
clients utilize AECOM’s traditional services.”
John T. Livingston is chief executive of AECOM Capital. “As we have previously
noted, this fund differentiates AECOM in the marketplace as we help to supply
equity and align interests with our development partners and create additional
opportunities for our businesses,” said Livingston.
One of the projects that AECOM Capital is currently invested in is Provost
Square, a luxury 417-unit apartment rental tower in Jersey City, N.J. The
building is being developed jointly by Toll Brothers City Living and AECOM
Capital. It is being constructed by AECOM’s construction services business.
Leasing is anticipated to begin during early 2015.
AECOM’s previous experience with alternative delivery and project financing
includes its successful investment in Meridiam Infrastructure Fund, which
works with public authorities to procure and manage infrastructure for local
AECOMis a global provider of professional technical and management support
services to a broad range of markets, including transportation, facilities,
environmental, energy, water and government. With approximately 45,000
employees around the world,AECOMis a leader in all of the key markets that
it serves. AECOMprovides a blend of global reach, local knowledge, innovation
and technical excellence in delivering solutions that create, enhance and
sustain the world's built, natural, and social environments. AFortune
500company,AECOMserves clients in more than 140 countries and had revenue
of$8.2billion during the 12 months ended Dec.31, 2012. More information
onAECOMand its services can be found at www.aecom.com.
Forward-Looking Statements: All statements in this press release other than
statements of historical fact are "forward-looking statements" for purposes of
federal and state securities laws, including any projections of returns,
anticipated financial performance and market and industry trends. Actual
results could differ materially from those projected or assumed in any of our
forward-looking statements. Important factors that could cause actual results
to differ materially from our forward-looking statements are set forth in our
quarterly report on Form 10-Q for the fiscal quarter ended Dec. 31, 2012, and
our other reports filed with the U.S. Securities and Exchange Commission.
AECOM does not intend, and undertakes no obligation, to update any
Paul Gennaro, 212-973-3167
SVP & Chief Communications Officer
Lynn Antipas Tyson, 646-432-8428
SVP, Investor Relations
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