SAIC Signs Agreement to Acquire R.W. Beck, Inc.
Science Applications International Corporation has signed a definitive agreement to acquire R. W. Beck Group, Inc., a business and technical consulting services provider in engineering, energy, and infrastructure.
R. W. Beck, founded in 1942 and headquartered in Seattle, Wash., serves public and private infrastructure organizations and financiers in the energy, water, wastewater, and solid waste industries. The company's 550 technically based business consultants -- including engineers, economists, analysts, and other professionals -- develop sustainable solutions specific to customers' engineering, economic, planning, operational, and organizational challenges. Its customers include utility organizations, government entities, and financial institutions.
The definitive agreement includes SAIC's acquisition of Beck Disaster Recovery (BDR), Inc., an emergency management consultancy. R.W. Beck is the majority owner of BDR. The company provides 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 nationwide.
"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, president and chief executive officer of R. W. Beck.
Beck will join SAIC's Infrastructure, Logistics and Product Solutions Group led by Group President Joe Craver. The Group, one of four at SAIC, provides technical and engineering solutions for a variety of customers and mission areas including all hazards preparedness and logistics; energy management services; and environmental support.
Beck's core consulting and engineering organization will join the Group's 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 the Homeland Protection and Preparedness business unit led by John Ferriter to create a comprehensive offering of preparedness, emergency response, training, and disaster recovery for federal and municipal customers.
The acquisition is expected to close at the beginning of August 2009, 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 Antitrust Improvements Act.