AECOM, Tishman Construction in $245M Deal

NEW YORK CITY-Dan Tishman will join AECOM’s management team as vice chairman; the deal does not include Tishman Speyer Properties or Tishman Hotel.

By Paul Bubny | Updated on July 15, 2010

NEW YORK CITY-Tishman Construction Corp., which counts both the original and redeveloped World Trade Center among its credits, has been sold to Los Angeles-based AECOM Technology Corp. The $245-million purchase will be paid for in cash and AECOM common stock.

Dan Tishman, chairman and CEO of the 112-year-old construction management firm, will continue to lead Tishman’s operations while joining AECOM’s management team as a vice chairman and member of its board of directors. He says in a release that the sale represents “the logical next step in the continued growth and success of Tishman, allowing us to expand our reach globally and seize new opportunities as part of the worldwide AECOM team.”

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