R. W. Beck Agrees to be Acquired by SAIC
Monadnock Research - 6 July 2009
SEATTLE and SAN DIEGO -- Science Applications International Corporation (SAIC) has signed a definitive agreement to acquire R. W. Beck Group, a Seattle-based provider of business and technical consulting services in engineering, energy, and infrastructure. R. W. Beck serves public and private organizations and financiers in the energy, water, wastewater, and solid waste industries. The company's 550 consultants include engineers, economists, analysts, and other professionals work with clients to address engineering, economic, planning, operational, and organizational challenges. R.W. Beck's customers include electric utilities, oil and gas, chemicals, power generation, water resources, solid waste, water and wastewater utilities. The agreement includes SAIC's acquisition of Beck Disaster Recovery (BDR), Inc., an emergency management consultancy. BDR, majority-owned by R. W. Beck, provides services in the areas of all hazards mitigation, preparedness planning, response, recovery, and reconstruction services; continuity and emergency operations planning; risk management and mitigation; and training services to local and state government agencies in the US. "With the development and rehabilitation of many aspects of our nation's infrastructure becoming increasingly critical, and the ongoing threat of natural and man-made disasters, both SAIC and R. W. Beck leadership believe that combining the capabilities of the two companies will produce results of significant benefit to our clients and overall business," said Russ Stepp, R. W. Beck president and CEO. "The leading-edge technologies, services and expertise we bring will enable the development of more robust solutions for current and future clients." R. W. Beck will join SAIC's Infrastructure, Logistics and Product Solutions Group (L&PSG) led by Group President Joe Craver. L&PSG is one of four SAIC groups and provides technical and engineering solutions for a variety of clients including all hazards preparedness and logistics; energy management services; and environmental support. R. W. Beck's core consulting and engineering organization will join the L&PSG Energy, Environment, and Infrastructure business unit led by J.T. Grumski to combine synergies in environmental services, including water, wastewater, and solid waste management; energy management and grid technology; infrastructure planning and design-build; and capital program management. BDR will join SAIC's Homeland Protection and Preparedness business unit led by John Ferriter, where the firm says it will create a comprehensive offering of preparedness, emergency response, training, and disaster recovery services for federal and municipal clients. The companies expect the deal to close at the beginning of August, subject to R. W. Beck shareholder approval and customary closing conditions, including expiration or early termination of the waiting period under the Hart-Scott-Rodino Act. "With more than 65 years of business success and technical leadership, R. W. Beck's expertise aligns well with that of SAIC, and will enable us to increase our footprint in the energy and all hazards preparedness markets, and offer enhanced capabilities, particularly in business and technical consulting, in high growth areas," said Craver. "Our customer sets are complementary, offering potential to cross-sell our services across a broad base of commercial, municipal, and federal customers. The company has a record of delivering outstanding customer value, organic growth, and profitability. Just as important, both SAIC and R.W. Beck share a deep commitment to our employees," added Craver. SAIC is a scientific, engineering, and technology applications company that provides services in the areas of national security, energy and the environment, critical infrastructure, and health. The firm's 45,000 staff members serve clients at the US Department of Defense, the intelligence community, the US Department of Homeland Security, other US Government civil agencies, and in select commercial industries. SAIC had annual revenues of $10.1 billion for its fiscal year ended January 2009. SAIC release
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