NEW YORK--(BUSINESS WIRE)--AVAIO Capital, the former private infrastructure investment arm of AECOM, one of the world’s largest global design and engineering firms, has completed its spin-out into an independent business.
AVAIO is focused on real asset creation and redevelopment opportunities in the middle market that have a positive impact on surrounding communities and the environment. AVAIO concentrates primarily on mid- and late-stage projects in North America and Western Europe across four sectors: transportation, water, low-carbon energy and digital infrastructure. The AVAIO team is composed of both financial and operational executives with more than a century of combined experience in underwriting, structuring, investing and creating value in real assets across market cycles.
While retaining full independence, AVAIO has an exclusive sourcing and technical support relationship with AECOM. This arrangement provides AVAIO with access to investment opportunities identified by AECOM, as well as the ability to tap into the company’s technical expertise to assess projects in AVAIO's target sectors.
"The global need for new resilient and sustainable infrastructure is driving an opportunity to make attractive returns from the creation of real assets," said AVAIO partner Mark McComiskey. "Our relationship with AECOM provides a differentiated, exclusive flow of investment opportunities as well as the technical insights needed to evaluate projects.”
AVAIO partner Tony Gordon added: “We believe that both capital and competition are plentiful for existing operating infrastructure assets. The greatest opportunity lies in the creation of the trillions of dollars of new infrastructure assets needed globally over the next decade, particularly in the middle market, where capital and expertise are in comparatively short supply.”
About AVAIO Capital
AVAIO is a New York-based middle-market infrastructure investment firm founded in 2016 by Mark McComiskey and Tony Gordon. AVAIO is focused on bridging the infrastructure funding gap by investing in the creation and expansion of sustainable transportation, water, energy, and digital infrastructure in North America and Europe. The AVAIO team is comprised of seasoned investment and operating professionals with more than a century of combined experience in real asset value creation.
AECOM designs, builds, finances and operates infrastructure assets for governments, businesses and organizations. As a fully integrated firm, AECOM connects knowledge and experience across a global network of experts to help clients solve their most complex challenges. From high-performance buildings and infrastructure, to resilient communities and environments, to stable and secure nations, AECOM’s work is transformative, differentiated and vital. A Fortune 500 firm, AECOM had revenue of approximately $20.2 billion during fiscal year 2018. Further information is available at http://www.aecom.com.