The Piscataway-based unit, now known as United E&C Inc., focuses on infrastructure engineering, procurement, construction and consulting, according to a news release.
“The sale of the Power Construction business marks another milestone in the successful execution of our transformation into a higher-margin, lower-risk professional services business,” AECOM CEO Troy Rudd said in a prepared statement. “We have built significant momentum in our business and continue to advance efforts to align our organization around a global structure that fosters a culture of collaboration, better connects our expertise and focuses on our best growth opportunities.
“On behalf of our company, I thank the Power Construction team for their contributions over the years and wish the business and CriticalPoint Capital the best of success.”
Los Angeles-based AECOM has four New Jersey offices, in Clifton, Princeton and Burlington, in addition to Piscataway.
“United continues our 115-year heritage of providing end-to-end engineering and construction services to the power industry,” CEO Scott Reeder said in a statement. “In CriticalPoint Capital, we have found a partner with the industry knowledge and operational resources to support our vision. We are excited to work with CPC to build upon our legacy of providing critical infrastructure and services to our clients, with a focus on safety, quality and integrity.”
Financial terms of the transaction were not disclosed.