Fluor Sells AMECO North America to One Equity Partners for $73 Million
Get Alerts FLR Hot Sheet
Overall Analyst Rating:
NEUTRAL ( Up)
Dividend Yield: 4.3%
EPS Growth %: +96.4%
Join SI Premium – FREE
IRVING, Texas--(BUSINESS WIRE)-- Fluor Corporation (NYSE: FLR) announced today the divestiture of its North American equipment and fleet services business, AMECO, to One Equity Partners for $73 million.
This transaction is another significant step in completing the AMECO divestiture announced by Fluor in September 2019. Fluor previously sold its AMECO Caribbean business in Jamaica in August 2020 and is actively marketing its remaining AMECO South America and ServiTrade Mozambique operations.
Fluor looks forward to continue working together with AMECO in the U.S. and Canada.
Fluor used BofA Securities as its financial advisor for this transaction.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is building a better future by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s 44,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $15.7 billion in 2020 and is ranked 181 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement and construction services for more than 100 years. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210504005199/en/
Brian Mershon
Media Relations
469.398.7621
Jason Landkamer
Investor Relations
469.398.7222
Source: Fluor Corporation
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- CIM Real Assets & Credit Fund Announces Monthly Dividends
- Cryptocurrency Mining and Renewable Energy: Bitcoin, BlockDAG Network, and Ethereum Lead Sustainability
- Payfare Announces Delay in its Annual Filings
Create E-mail Alert Related Categories
Business Wire, Press ReleasesRelated Entities
TwitterSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!