M&A Deal Summary

American Securities and Lindsay Goldberg Acquire Amentum

On October 14, 2019, private equity firms American Securities and Lindsay Goldberg acquired engineering company Amentum from Aecom for 2.4B USD

Acquisition Highlights
  • This is American Securities’ 1st and Lindsay Goldberg’s 1st transaction in the Engineering sector.
  • This is American Securities’ 2nd and Lindsay Goldberg’s largest (disclosed) transaction.
  • This is American Securities’ 61st and Lindsay Goldberg’s 35th transaction in the United States.
  • This is American Securities’ 3rd and Lindsay Goldberg’s 3rd transaction in Virginia.

M&A Deal Summary

Date 2019-10-14
Target Amentum
Sector Engineering
Buyer(s) American Securities
Lindsay Goldberg
Sellers(s) Aecom
Deal Type Divestiture
Deal Value 2.4B USD

Target

Amentum

Chantilly, Virginia, United States
Amentum is a contractor to the U.S. federal government and select allied national governments, supporting programs of critical national significance across defense, security and intelligence, energy, and environmental cleanup. Amentum previously operated as the Management Services segment within AECOM. Amentum is based in Chantilly, Virginia.

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Buyer(S) 2

Buyer

American Securities

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Securities is a large private equity firm that typically partners with management when pursuing company acquisitions. American Securities typically targets US-based companies and generally seeks to commit $300 to $700 million per transaction. Areas of interest include consumer products, restaurants, healthcare, industrial, aerospace, defense, agriculture, environmental, paper/packaging, energy, and specialty chemicals. The Firm was originally formed in 1947 as the family office for William Rosenwald, an heir to the Sears Roebuck & Company, and began accepting outside investors in 1994. American Securities is headquartered in New York City.


DEAL STATS #
Overall 62 of 80
Sector (Engineering) 1 of 1
Type (Divestiture) 2 of 3
State (Virginia) 3 of 5
Country (United States) 61 of 79
Year (2019) 2 of 3
Size (of disclosed) 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-02 Frontier Spinning

Sanford, North Carolina, United States

Frontier Spinning is a large U.S.-based producers of cotton and cotton/polyester blend yarns for the knitting and weaving industries and holds market-leading positions in open-end and air-jet spinning. Offering a diverse product line to fulfill the demands of customers worldwide, the yarn produced by Frontier Spinning is used in sportswear, undergarments, socks, sweaters, fleece, denim, and home furnishings.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-01 Acuren

Tomball, Texas, United States

Acuren is a provider of non-destructive testing and related services to energy and industrial end markets in North America. Acuren serves over 8,000 individual customer sites through its 84 field offices in the United States, Canada, and the United Kingdom. Acuren was founded in 1974 and is based in Tomball, Texas.

Buy -
Buyer

Lindsay Goldberg

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 17.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Lindsay Goldberg is a large private equity firm that targets investments in traditional, basic industries. Lindsay looks to commit $50 to $250 million per transaction in sectors that include basic & commodity manufacturing, financial services, food, and distribution. Lindsay looks to partner with management in pursuing transactions. Lindsay Goldberg was formerly known as Lindsay Goldberg & Bessemer. The Firm was formed in 2001 and is based in New York City.


DEAL STATS #
Overall 45 of 57
Sector (Engineering) 1 of 2
Type (Divestiture) 7 of 8
State (Virginia) 3 of 4
Country (United States) 35 of 46
Year (2019) 3 of 4
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-17 Creation Technologies

Boston, Massachusetts, United States

Creation Technologies is an electronic manufacturing service (EMS) company focused on providing high-mix, high-complexity start-to-finish manufacturing, and supply chain solutions to companies in the industrial controls, instrumentation, medical, communications, transportation, and safety & security industries. Creation operates seven manufacturing business units in British Columbia, Ontario, California, Texas and Wisconsin. Creation Technologies was founded in 1991 and is based in Boston, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-07 VDM Metals Holding

Werdohl, Germany

VDM Metals Holding GmbH is a producer of specialty nickel alloys. VDM develops and manufactures nickel, cobalt and zirconium alloys as well as high-alloyed special stainless steels. VDM Metals Holding GmbH was founded in 1930 and is based in Werdohl, Germany.

Sell €532M

Seller(S) 1

SELLER

Aecom

Dallas, Texas, United States

Category Company
Founded 1980
Sector Business Services
Employees52,000
Revenue 14.4B USD (2023)
DESCRIPTION
AECOM's corporate headquarters in Los Angeles, California.
AECOM's corporate headquarters in Los Angeles, California.

Aecom is a global provider of professional technical and management support services for public and private clients around the world. Aecom provides planning, consulting, architectural and engineering design, and program and construction management services for a broad range of projects, including highways, airports, bridges, mass transit systems, government and commercial buildings, water and wastewater facilities, and power transmission and distribution. AECOM was formed in 1980 and is based in Dallas, Texas.


DEAL STATS #
Overall 3 of 6
Sector (Engineering) 1 of 1
Type (Divestiture) 3 of 5
State (Virginia) 1 of 1
Country (United States) 2 of 5
Year (2019) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-28 AECOM - Production Services Division

Alberta, Canada

AECOM - Production Services Division operates in the mechanical services and electrical and instrumentation services sectors across Alberta. These services include the full project life cycle of construction and maintenance services such as civil, fabrication and modularization, mechanical installations, facility construction, pipelining, electrical, instrumentation, high voltage and maintenance services.

Sell $42M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-16 United

Mt. Laurel, New Jersey, United States

United Engineers & Constructors is an infrastructure engineering, procurement, construction, and consulting company dedicated to improving lives by delivering the most impactful solutions. The company serves the power industry by providing comprehensive lifecycle services for the nuclear, conventional generation, renewable, and distributed energy markets. United is based in Mt. Laurel, New Jersey.

Sell -