AECOM to relocate its Global Headquarters in Los Angeles
October 19 2020 - 4:05PM
Business Wire
AECOM (NYSE:ACM), the world’s premier infrastructure consulting
firm, today announced it will relocate its global headquarters from
the Century City business district in Los Angeles to downtown Los
Angeles, effective January 1, 2021.
The company will close its offices at 1999 Avenue of the Stars
and consolidate its headquarters and Corporate employees into
existing AECOM offices at 300 South Grand Avenue.
“As we continue our transformation to a higher-margin,
lower-risk Professional Services firm, we are focused on ensuring
our teams have the best opportunity to collaborate and deliver for
our clients,” said Troy Rudd, AECOM’s chief executive officer. “We
are continuing to prioritize our time and capital towards
delivering on our commitment to our stakeholders, and optimizing
our real estate portfolio is a key driver of achieving these
objectives.”
About AECOM AECOM (NYSE:ACM) is the world’s premier
infrastructure consulting firm, delivering professional services
throughout the project lifecycle – from planning, design and
engineering to program and construction management. We partner with
our clients in the public and private sectors to solve their most
complex challenges and build legacies for generations to come. On
projects spanning transportation, buildings, water, governments,
energy and the environment, our teams are driven by a common
purpose to deliver a better world. AECOM is a Fortune 500 firm and
its Professional Services business had revenue of approximately
$13.6 billion in fiscal year 2019. See how we deliver what others
can only imagine at aecom.com and @AECOM.
Forward-Looking Statements All statements in this
communication other than statements of historical fact are
“forward-looking statements” for purposes of federal and state
securities laws, including any statements of the plans, strategies
and objectives for future operations, profitability, strategic
value creation, coronavirus impacts, risk profile and investment
strategies, and any statements regarding future economic conditions
or performance, and the expected financial and operational results
of AECOM. Although we believe that the expectations reflected in
our forward-looking statements are reasonable, actual results could
differ materially from those projected or assumed in any of our
forward-looking statements. Important factors that could cause our
actual results, performance and achievements, or industry results
to differ materially from estimates or projections contained in our
forward-looking statements include, but are not limited to, the
following: our business is cyclical and vulnerable to economic
downturns and client spending reductions; impacts caused by the
coronavirus and the related economic instability and market
volatility, including the reaction of governments to the
coronavirus, including any prolonged period of travel, commercial
or other similar restrictions, the delay in commencement, or
temporary or permanent halting of construction, infrastructure or
other projects, requirements that we remove our employees or
personnel from the field for their protection, and delays or
reductions in planned initiatives by our governmental or commercial
clients or potential clients; losses under fixed-price contracts;
limited control over operations run through our joint venture
entities; liability for misconduct by our employees or consultants;
failure to comply with laws or regulations applicable to our
business; maintaining adequate surety and financial capacity; high
leverage and potential inability to service our debt and
guarantees; exposure to Brexit; exposure to political and economic
risks in different countries; currency exchange rate fluctuations;
retaining and recruiting key technical and management personnel;
legal claims; inadequate insurance coverage; environmental law
compliance and adequate nuclear indemnification; unexpected
adjustments and cancellations related to our backlog; partners and
third parties who may fail to satisfy their legal obligations;
AECOM Capital real estate development projects; managing pension
cost; cybersecurity issues, IT outages and data privacy; risks
associated with the benefits and costs of the Management Services
transaction, including the risk that the expected benefits of the
Management Services transaction or any contingent purchase price
will not be realized within the expected time frame, in full or at
all; the risk that costs of restructuring transactions and other
costs incurred in connection with the Management Services
transaction will exceed our estimates or otherwise adversely affect
our business or operations; as well as other additional risks and
factors that could cause actual results to differ materially from
our forward-looking statements set forth in our reports filed with
the Securities and Exchange Commission. Any forward-looking
statements are made as of the date hereof. We do not intend, and
undertake no obligation, to update any forward-looking
statement.
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version on businesswire.com: https://www.businesswire.com/news/home/20201019005755/en/
Investors: Will Gabrielski Senior Vice President,
Investor Relations 213.593.8208 William.Gabrielski@aecom.com
Media: Brendan Ranson-Walsh Vice President, Global
Communications & Corporate Responsibility 213.996.2367
Brendan.Ranson-Walsh@aecom.com
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