After its spinoff to affiliates of Lindsay Goldberg and American Securities LLC, the company formerly known as AECOM Management Services has launched as an independent business.
Now named Amentum, the new entity provides federal government customers with services in the areas of mission support and equipment sustainment, IT, intelligence, nuclear and environmental remediation, threat mitigation, mission assurance, facility maintenance, and range services in the U.S. and abroad, according to a Feb. 4 company announcement.
“Amentum builds upon a 116-year heritage of safety, operational excellence and delivering on our promises and honoring our commitments,” CEO John Vollmer said. “We are excited to continue this legacy as an independent company and continue to deliver outstanding performance for our customers’ critical missions.”
Amentum is a privately held company, with American Securities and Lindsay Goldberg being equal partners focused on organic growth and long-term expansion.
As a standalone business, Amentum will be better positioned to help its clients achieve their most crucial goals, said Russell Triedman, partner at Lindsay Goldberg.
The $2.405 billion deal was announced Oct. 14, 2019, and aimed to bolster AECOM’s balance and result in more flexibility to deploy capital in the future, AECOM Chief Financial Officer Troy Rudd said then.