Private equity firms American Securities and Lindsay Goldberg agreed to acquire Management Services Business of AECOM, an American multinational engineering firm, for $2.4bn. The acquired unit is a contractor to the US federal government and serves various departments and agencies, including the Department of Defense and the Department of Energy. “The Management Services business is a proven industry leader with distinctive expertise that plays a vital role in supporting governments around the world to execute programs of critical importance. We intend to leverage our extensive experience investing in the government services sector, including our prior investments in PAE and ECS Federal, and we look forward to working alongside management and American Securities to thoughtfully grow the Company and its capabilities both organically and through strategic transactions,” Russell Triedman, Lindsay Goldberg Partner.