Headquartered in Oklahoma City, Benham offers a full range of capabilities in consulting, engineering, architecture and design/build, including specialized expertise in energy management, industrial manufacturing and facilities, software development and integration, alternative fuels and process engineering, and advanced visualization and communication systems.
"For Benham, this alignment provides an operating platform for leveraging its capabilities in facilities planning and design, technology integration and design/build project delivery," said Rainey Williams, a member of the Board of Benham Investment Holdings. "Further, it will help increase Benhams business in strategic areas where application of technology presents compelling business opportunities."
Benham employs approximately 800 people supporting clients in locations across the U.S., including Norman, Oklahoma City, and Tulsa, Okla.; St. Louis, Mo.; St. Paul, Minn.; and Detroit, Mich.
"The acquisition of Benham will accelerate SAICs growth in the energy management services market with both federal and commercial customers," said Joe Craver, president of SAICs Infrastructure, Logistics and Product Solutions Group. "Benhams expertise in energy project design, implementation, and monitoring and reporting, combined with SAICs core capabilities in energy consulting, research and development, and risk management, creates an end-to- end solution for the energy market. The capabilities they bring will allow us to efficiently integrate and implement solutions that are designed to deliver high value to our customers. We look forward to welcoming the Benham employees to the SAIC team."
The acquisition is expected to close in August 2007, subject to customary closing conditions, including expiration of the waiting period under the Hart- Scott-Rodino Antitrust Improvements Act. Terms of the acquisition were not disclosed. Upon completion of the acquisition, Benham and its subsidiaries, including The Benham Companies and Benham Constructors, will become subsidiaries of SAIC. Benhams headquarters will remain in Oklahoma City.
For more information, please send your e-mails to swm@infothe.com.
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