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 for the Waste Isolation Pilot Plant in New Mexico, and the cleanup contractor at locations such as the Oak Ridge Site in Tennessee as well as liquid waste contractors for the Hanford Site in Washington state and the Savannah River Site in South Carolina. Amentum also leads the Central Plateau Cleanup Co. at Hanford.
Amentum reviewed its first year of work outside AECOM in a Feb. 10 press release.
Amentum and some of its subsidiary companies also perform government services that are not discussed much publicly. Three years ago, the Las Vegas Review-Journal reported that the then-AECOM briefly advertised for flight attendants for a private air shuttle service, dubbed “Janet Airlines” which is said to run between the McCarran International Airport and the so-called “Area 51” national security site in the Nevada desert.
