AMEC is acquiring U.S. engineering and environmental services company, MACTEC, from its private equity and other individual shareholders. The international engineering and project management company will pay a total of $280 million in cash for the acquisition to Rhode Island-based private equity firm, Nautic Partners. As a part of the deal, Ann Massey, president and CEO of MACTEC and her management team will remain with the combined entity. The transaction, which is pending regulatory approval, is scheduled to be closed by the end of June 2011.
Click here for the release from AMEC.