PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

QuantConnect deploys cloud optimisation for algo trading parameter testing

United E&C (United), an infrastructure engineering, procurement, construction and consulting company, formerly the Power Construction division of AECOM (ACM), has launched as an independent company following the closing of AECOM’s sale of United to affiliates of CriticalPoint Capital (CPC).

“United continues our 115-year heritage of providing end-to-end engineering and construction services to the power industry,” says Scott Reeder, Chief Executive Officer of United. “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.”

Brad Holtmeier, Partner at CPC, says: “United represents a compelling opportunity to invest in a tremendous engineering and construction platform with a long-standing track record and reputation for quality. We have a deep appreciation for strong engineering and construction franchises and experience in partnering with management to reinforce those strengths and accelerate their growth as a standalone company. United’s market-leading services, ability to deliver to demanding end- markets, and commitment to customer service provide an excellent foundation for the business.” This transaction expands on CPC’s expertise in the engineering and construction sector following the 2017 acquisition of Imperia Engineering Partners, a leading provider of engineering, design and construction management services to the utilities, nuclear and energy industries.

“As we move forward, we’re leveraging the United name, which is tied to our rich history and legacy. We’re here to do something new, something different. We’re here to be united. United in our approach to our work, in partnership with our clients, to do the things that matter, just as we did more than 100 years ago – creating critical infrastructure to power our world,” says Reeder.

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured