Deal Description: 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 Corporation’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.
Baker Botts represented Fluor Corporation in the transaction.
Baker Botts Lawyers/Office Involved:
Corporate: Samantha Crispin (Partner, Dallas); Preston Bernhisel (Partner, Dallas); Jacqueline Scioli (Associate, Dallas); Nic O'Brien (Associate, Dallas); Victor Ochieng (Associate, Dallas)
Tax: Stephen Marcus (Partner, Dallas); Snow Xue Rui (Associate, Dallas)
Employee Benefits: Robin Melman (Partner, New York); Gabriela Alvarez (Associate, Houston)
Intellectual Property: Elizabeth Rucki (Senior Associate, Dallas)
Environmental: Aileen Hooks (Partner, Austin)
For more information, please see Fluor’s news release here.
ABOUT BAKER BOTTS L.L.P.
Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit bakerbotts.com.