SAIC powers up with purchase of energy solutions provider
Acquisition strengthens energy and smart grid services portfolio
- By David Hubler
- May 16, 2011
Science Applications International Corp. has acquired the transmission and distribution engineering capabilities of Patrick Energy Services, a provider of performance-based transmission and distribution power system solutions.
No financial details were provided.
The acquisition will enhance SAIC's energy and smart-grid services portfolio, adding additional transmission and distribution engineering services to the company's existing capabilities in a growing market, the government contractor announced in a May 16 news release.
PES, of Lisle, Ill., near Chicago, has expertise in providing power solutions to utilities, municipalities, generation developers and large energy consumers. PES provides services in planning, design, engineering and construction of transmission, substation, distribution, smart grid, and protection and control systems.
As a result of the acquisition, approximately 200 PES employees will join the SAIC Energy, Environment & Infrastructure LLC subsidiary.
"PES is solving some of the most challenging problems on the electric grid and has record levels of backlog,” said Christopher Dietzler, PES president, in the release. “Being part of SAIC will provide the financial resources and employee benefits to help us continue to grow and attract the best talent in the industry.”
SAIC, of McLean, Va., ranks No. 5 on Washington Technology’s 2010 Top 100 list of the largest federal government contractors.
David Hubler is the former print managing editor for GCN and senior editor for Washington Technology. He is freelance writer living in Annandale, Va.