AECOM acquires remaining interest in FT Services joint venture

AECOM (NYSE:ACM), a fully integrated global infrastructure firm, has acquired the remaining 50% equity interest in FT Services Limited (FTS), a joint venture company based in Calgary, Alberta.

Formed in January 2007 between Flint Energy Services Limited, an AECOM subsidiary, and Broadspectrum Limited, FTS specializes in large-scale maintenance and turnaround services for the Canadian resource and energy industry, including oil sands, refining, chemical, midstream and other heavy industry facilities. FTS’ financials will be consolidated into AECOM’s construction services segment. FTS generated approximately US $210 million in revenue in the trailing twelve months.

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