Engineering and construction firm Sargent & Lundy is making a strong leap into the government services sector by acquiring the energy business of ARES Corp., the companies announced Wednesday.
The deal is effective immediately. The ARES Energy Services Division, an engineering solutions business focused on the nuclear sector, primarily serves the U.S. Department of Energy with engineering, design, facility operations, management, maintenance, project management, safety, security and risk management tasks.
Among the DOE facilities that ARES ESD works with include Los Alamos National Laboratory, Idaho National Laboratory, Hanford, Sandia National Laboratory, Lawrence Livermore National Laboratory and Oak Ridge National Laboratory.
“Sargent & Lundy has enjoyed an excellent working relationship with ARES ESD dating back more than 10 years. Their high quality of service and deliverables, which we have seen demonstrated first-hand over the years, made them a clear fit for us as we explored opportunities to grow our government services capacity,” said Sargent & Lundy Chairman, President & CEO Thomas R. White.
“ARES ESD’s established relationship of more than 20 years with the DOE and its facilities combined with a talented workforce well positions us to expand our presence in the federal sector and increase our industry reach,” White added. “Our combined capabilities provide tremendous value for both of our companies’ clients and more opportunities for our employees, in addition to bolstering Sargent & Lundy’s position as a premier technical services firm.”
The ARES ESD deal is the first acquisition in Sargent & Lundy’s 128-year history, according to the company release. The ARES team will now be a division of Sargent & Lundy’s government services business, to be led by senior vice president David M. Wright and supported by legacy ESD leaders Larry Shipley, Dr. Dan Weinacht and Kurt Westerman, each of whom holds more than 30 years of industry experience.
“ARES is very pleased to find the perfect match going forward for our energy services division,” ARES Corp. CEO Richard J. Stuart said. “ESD brings 26 years of federal government services experience to Sargent & Lundy, and with their outstanding power industry experience, we expect significant growth for Sargent & Lundy’s government services sector in the future.”