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Posted 16th March 2016

Haskell Acquires Leidos Constructors and Design Assets

Haskell, one of the leading fully integrated design, engineering and construction firms, announced today that it has signed a definitive agreement to acquire Leidos Constructors, LLC.

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Haskell Acquires Leidos Constructors and Design Assets
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Haskell, one of the leading fully integrated design, engineering and construction firms, announced today that it has signed a definitive agreement to acquire Leidos Constructors, LLC, as well as select design assets of Leidos Engineering.

Prior to 2007, this entity was known in the market as Benham. Founded in 1909, Benham’s expertise spans oil, gas, and chemical production; food and beverage manufacturing, consumer products manufacturing, the federal government market and transportation. The organization will be rebranded as Benham, a Haskell Company. The deal is expected to close in the second quarter of 2016 and is subject to customary closing conditions.

The acquisition will bring together two companies widely recognized for their pioneering approach toward integrated delivery and both have merged as leaders in engineer-procure-construct (EPC) project delivery in industrial markets.

“Joining forces with Haskell was a natural next step for us,” said Michael Gwyn, P.E., who will serve as Benham’s President. “Haskell’s ability to provide fully integrated solutions will complement our design and project management expertise, and help us grow our customer base across the industry. We’re very excited about future opportunities to provide service to our clients in this collaborative environment, and to help them navigate the challenges ahead.”

“We are looking forward to seeing Benham, a company with an incredibly rich history, reemerge as part of our team,” said John-Paul Saenz, Haskell’s Industrial Group President. “The additional scale and personnel resources this combination brings to both companies, as well as our mutual proficiency in EPC and design-build, will allow us to better deliver large, complex projects for our customers with a certainty of outcome unmatched in our industry.”

Benham, which will operate as a business unit within the Haskell family of brands, is a highly regarded firm, serving Fortune 500 clients in major industries.

“This partnership presents a strategic growth opportunity to leverage abundant talent and expertise to produce creative solutions that meet the demands of the AEC industry,” said Steve Halverson, CEO of Haskell. “We share a culture of customer service and innovation and are poised to solidify our market leadership position.”

The acquisition will expand Haskell’s geographic presence by adding Benham offices in Oklahoma City, Tulsa, St. Louis, St. Paul, Houston, and Charlotte to Haskell’s global footprint of offices.

More information about Haskell’s services is available here.

Categories: M&A


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