Oroco Capital to acquire the civil construction business of AECOM.

Oroco Capital, a private equity firm based in Bethesda, Maryland, agreed to acquire the civil construction business of AECOM, an infrastructure consulting firm. Financial terms were not disclosed. "Today’s announcement of the sale of our Civil construction business, together with the sale of our Power construction business in October, represents a significant milestone in advancing our strategy and focusing our efforts on our higher-margin and lower-risk Professional Services businesses. Our outlook is bright as we bring together our company under our Think and Act Globally strategy, which includes transforming how we operate through the digital delivery of our work and focusing on growing our Professional Services businesses. I thank the Civil construction team on behalf of our company for their efforts over the years and wish the business the best of success under the stewardship of Oroco Capital," Troy Rudd, AECOM CEO.