Germantown, Md.-based Amentum recently marked its first full year as a privately-held company after being spun off by Los Angeles-based AECOM.
On Jan. 31, 2020, AEMCOM closed on the $2.4 billion sale of its AECOM Management Services division to affiliates of New York-based investment firms Lindsay Goldberg and American Securities LLC. The new owners re-christened the company as Amentum, a Greek term for a leather strap that helps propel a javelin.
With the sale, the Department of Energy contractor is no longer traded on the stock market, joining Bechtel as another privately held provider of services to the weapons complex. By contrast, companies such as BWX Technologies, Fluor and Jacobs are publicly traded.
Amentum is the lead partner on joint ventures such as the prime contractor the Lawrence Livermore National Laboratory in California: one of the company’s last toeholds in the National Nuclear Security Administration’s active nuclear-weapons sites.
On the other hand, the company remains widespread across shuttered weapons production sites being cleaned up by the Department of Energy’s Office of Environmental Management: the Waste Isolation Pilot Plant in New Mexico; the Oak Ridge Site in Tennessee; the Hanford Site in Washington state; and the Savannah River Site in South Carolina.
Amentum reviewed its first year of work outside AECOM in a Feb. 10 press release.
