AMECO Purchased by Private Equity Firm

June 16, 2021

AMECO, a construction and maintenance field services planning and management company, has been spun off by its parent company, Fluor Corporation.

Greenville, South Carolina-based AMECO was purchased by middle-market private equity firm One Equity Partners (OEP) for $73 million.

AMECO has managed and provided indirect products and services for more than 70 years, including equipment, scaffolding, tools, consumable supplies, and fleet management for capital construction, facility operations, and maintenance projects. As an independent organization, AMECO will bring its expertise to bear for a larger range of customers throughout the United States and Canada.

Its senior management team will be comprised of long-tenured construction and maintenance executives, including many former and present AMECO team members. Gary Bernardez, who led AMECO from 2001-2012, will serve as CEO.

AMECO’s customizable services include:

  • Forecasting and analysis of project indirect products and services.
  • Leveraging buying power to ensure availability and cost-effective procurement and delivery of supplies and consumables at a time when supply chain issues abound.
  • Front-end rent/lease/buy rolling stock analysis.
  • Planning and rapid deployment of resources for shutdowns, turnarounds, outages, and disaster relief and recovery.
  • Providing maintained equipment, tools, supplies, consumables, scaffolding and indirect services such as fueling, on-site water distribution, and dust control.

“Those who use AMECO’s services have seen significant improvements in project cost certainty, efficiency and responsiveness,” said Bernardez. “As a stand-alone company, we are better able to market and promote our services to a wider range of companies at a time when our expertise and history of simplifying site execution complexities and delivering value and bottom-line ROI are needed more critically than ever. OEP’s investment in AMECO demonstrates the significant opportunity in the North America market. It’s 'game on' in the markets of capital construction and operations maintenance industries, and AMECO is here to be a trusted advisor and partner to our clients.”

Soure: AMECO