R. W. Beck signs agreement to join SAIC
DENVER, CO, July 6, 2009 -- R. W. Beck Group Inc. signed a definitive agreement to be acquired by Science Applications International Corporation, pending shareholder approval...
DENVER, CO, July 6, 2009 -- R. W. Beck Group Inc. signed a definitive agreement to be acquired by Science Applications International Corporation, pending shareholder approval. SAIC is a FORTUNE 500® company serving customers in national security, energy and the environment, critical infrastructure and health markets.
"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. "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 led by Group President Joe Craver. The Group, one of four at SAIC, provides technical and engineering solutions for a variety of clients and mission areas, including all hazards preparedness and logistics; energy management services; and environmental support. R. W. 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. Beck Disaster Recovery Inc., of which R. W. Beck Group Inc. is the majority owner, will join the Group's 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 clients.
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.
Founded in 1942, R. W. Beck serves public and private infrastructure organizations and financiers in the energy, water, wastewater and solid waste industries.
SAIC is a FORTUNE 500® scientific, engineering, and technology applications company that uses its deep domain knowledge to solve problems of vital importance to the nation and the world, in national security, energy and the environment, critical infrastructure, and health.