AECOM acquired McNeil Technologies, Inc. for US$355 million, a transaction announced in August 2010, structured as all cash.
McNeil Technologies, Inc. operates in Government national security & intelligence services, is based in Springfield, Virginia, USA, had revenue of about Approximately US$245 million (12 months ended Dec 31, 2009). McNeil Technologies was a Springfield, Virginia-based government national-security and intelligence-services firm that AECOM agreed to acquire from private-equity owner Veritas Capital for US$355 million in cash. McNeil added intelligence, information-technology and cyber-security capabilities and about 1,500 employees serving the Department of Defense, Department of Homeland Security and the broader U.S. intelligence community, and it led AECOM's national security and intelligence programs. McNeil generated roughly US$245 million of revenue in the twelve months ended December 31, 2009.
Expands AECOM's U.S. government business and advances its strategy of positioning the company to participate in fast-growing markets, adding intelligence, information technology and cyber-security expertise and diversifying its base of federal-government relationships.
McNeil led AECOM's national security and intelligence programs
Our acquisition of McNeil Technologies expands AECOM's U.S. government business and advances our strategy of positioning AECOM to participate in fast-growing markets. McNeil brings a unique expertise to AECOM in intelligence, information technology and cyber security and diversifies our strong base of federal government relationships.John M. Dionisio, President and Chief Executive Officer, AECOM
McNeil generated approximately US$245 million of revenue in the 12 months ended December 31, 2009, and has a history of strong cash flow and profitability. We are pleased to be in a position to put our balance sheet to work to fund strategic acquisitions in today's highly attractive M&A market.Michael S. Burke, Executive Vice President & Chief Financial Officer, AECOM
Advisory firms were not disclosed for this transaction.