As long expected, Fluor Corp. has sold its North American equipment rental 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 divested its AMECO Caribbean business in Jamaica in August 2020 and is actively marketing its remaining AMECO South America and ServiTrade Mozambique operations.
Fluor said it looks forward to continuing to work together with AMECO in the U.S. and Canada.
AMECO reported $88.7 million in rental revenue in 2020 and $265 million in total revenue.
Fluor used BofA Securities as its financial advisor for this transaction.
