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South Florida Investment Bank Engineers Sale of Boyle to AECOM

By: - Date: 07/03/2006

Fort Lauderdale, FL - Fort Lauderdale-based investment banking firm Farlie Turner & Co. announced today that it served as exclusive financial advisor to Newport Beach, Calif.-based Boyle Engineering, an engineering firm specializing in the water sector, on its recently announced agreement to be acquired by Los Angeles-based AECOM Technology Corporation (NYSE:ACM). AECOM is a leading provider of professional, technical and management support services for government and commercial clients around the world. 

Farlie, Turner & Co., LLC, and its affiliate Bayshore Partners, LLC, a broker-dealer registered with FINRA, provide merger and acquisition, private placement, and financial advisory services. 

With offices in 25 Sunbelt cities, Boyle Engineering provides a full range of professional services to plan, design, and construct infrastructure projects. The company is a leader in developing innovative solutions to meet the complex and ever-changing needs of clients in water resources, water treatment and distribution, sewerage and water reclamation, storm water, and transportation.

“Farlie Turner’s M&A expertise and knowledge of the engineering and environmental services industry were invaluable and enabled us to achieve a very successful outcome for our shareholders," said Boyle Engineering CEO Philip Petrocelli.

AECOM is a a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental and energy. With more than 33,000 employees around the world, AECOM provides a blend of global reach, local knowledge, innovation, and technical excellence in delivering solutions that enhance and sustain the world's built, natural, and social environments. AECOM serves clients in more than 60 countries and had revenue of $4.2 billion during fiscal year 2007. 

“For more than 65 years, Boyle Engineering has been a leader in the water and environmental infrastructure markets and its acquisition will serve to enhance AECOM's growth in these key markets," said Craig Farlie, founding partner of Farlie Turner & Co. 

Terms of the transaction were not disclosed.

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