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|AECOM to Acquire Boyle Engineering, Enhance Leadership in Water, Environmental Infrastructure|
600-employee engineering firm will expand AECOM water, wastewater, storm water and transportation expertise; strengthen global portfolio of services
LOS ANGELES--(BUSINESS WIRE)--Feb. 11, 2008--AECOM Technology Corporation (NYSE: ACM), a leading provider of professional technical and management support services for government and commercial clients around the world, announced today that it has entered into an agreement to acquire Boyle Engineering, a Newport Beach, Calif.-based engineering firm that specializes in the water sector, including drinking water, wastewater treatment and water-resource management.
Boyle will further strengthen AECOM's growing environmental practice, particularly in the important water and wastewater markets. Boyle has an especially strong presence in the southeast and western United States, and employs more than 600 people.
"We are excited about welcoming Boyle to the AECOM family," said John M. Dionisio, AECOM president and chief executive officer. "For more than 65 years, Boyle has been a leader in the delivery of water and wastewater services. They will enhance our leadership in the water and environmental infrastructure markets."
Phil Petrocelli, Boyle president and chief executive officer, echoed Dionisio's comments. "Joining AECOM will provide an excellent opportunity to expand our client offerings - by practice area and geographically," he said. "The scale and scope of a global leader like AECOM will also benefit our employees through increased professional development opportunities." Petrocelli will take on a broader leadership role within AECOM's combined water business. He will also join the AECOM Leadership Council.
The investment banking firm of Farlie Turner advised Boyle on the transaction. This acquisition is subject to customary closing conditions, including approval by Boyle shareholders and necessary regulatory approvals.
AECOM (NYSE: ACM) is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental and energy. With more than 33,000 employees around the world, AECOM is a leader in all of the key markets that it serves. AECOM provides a blend of global reach, local knowledge, innovation, and technical excellence in delivering solutions that enhance and sustain the world's built, natural, and social environments. AECOM serves clients in more than 60 countries and had revenue of $4.2 billion during fiscal year 2007. More information on AECOM and 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 statements of the plans, strategies and objectives for future operations, including but not limited to contemplated acquisitions, and any statements regarding future economic conditions or performance. 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 annual report on Form 10-K for the fiscal year ended Sept. 30, 2007, and our other reports filed with the Securities and Exchange Commission. AECOM does not intend, and undertakes no obligation, to update any forward-looking statement.
CONTACT: AECOM Technology Corporation