PISCATAWAY, N.J. and
MANHATTAN BEACH, Calif.,
Oct. 19, 2020 /PRNewswire/ -- United
E&C, Inc. ("United"), a leading infrastructure engineering,
procurement, construction and consulting company, formerly the
Power Construction division of AECOM (NYSE: ACM), today announced
its launch as an independent company and the closing of AECOM's
sale of United to affiliates of CriticalPoint Capital, LLC
("CriticalPoint Capital" or "CPC").
"United continues our 115-year heritage of providing end-to-end
engineering and construction services to the power industry," said
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
stated, "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," said Mr.
Reeder.
About United E&C
United E&C is an industry
leading infrastructure engineering, procurement, construction and
consulting company dedicated to improving lives by delivering the
world's most impactful solutions. Since 1905, we have served the
power industry by providing comprehensive lifecycle services for
the conventional generation, nuclear, transmission and
distribution, renewable, and distributed energy markets. Together
with our clients and partners, we are unified in our efforts to
deliver innovative and transformative infrastructure designed and
built to meet the demands of today and for the future.
www.ueci.com
About CriticalPoint Capital
Founded in 2012,
CriticalPoint Capital is a private investment firm based in
Manhattan Beach, CA. The firm is
focused on acquiring companies with long-term value creation
opportunities and partnering with management teams that can benefit
from patient capital and a thoughtful approach to
growth. CPC's portfolio is currently comprised of ten platform
investments across North America
in a variety of industries. www.criticalpointcapital.com
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SOURCE CriticalPoint Capital; United E&C