Black & Veatch Corporation has completed the acquisition of R.J. Rudden Associates, Inc. located in Hauppauge, New York, a strategic, economic and management consulting company specializing in the electric utility industry, and Lukens Energy Group, Inc. located in Houston, Texas, a management consulting group serving senior management in the oil and gas industry in strategy, risk mitigation, valuation and regulatory matters.
Black & Veatch's strategy in acquiring Rudden and Lukens is to expand and strengthen its ability to provide financial and business solutions to its clients in the energy and water industries. The Rudden and Lukens organizations will be integrated into Black & Veatch's Enterprise Management Solutions organization, which was formerly known as Enterprise Consulting.
"These acquisitions demonstrate Black & Veatch's commitment to building our Enterprise Management Solutions organization" said Len Rodman, chairman, president, and CEO of Black & Veatch. "They fit our investment profile, offering professionals with industry-leading skill sets, blue-chip clients and reputations for a strong commitment to client service," said Rodman. "We are excited about the future of the Rudden and Lukens organizations at Black & Veatch. We look forward to developing the natural synergies between our companies."
"For decades, Black & Veatch has delivered customized advisory solutions to both the energy and water sectors," said Rodger Smith, president of Black & Veatch's Enterprise Management Solutions organization. "The acquisition of Rudden and Lukens broadens and deepens our capabilities, particularly in the energy markets, enabling us to expand the use of our resources across clients' value chains."
As Black & Veatch companies, the Rudden and Lukens organizations will remain focused on providing clients with management solutions, based on industry expertise, strong implementation capabilities and mission-critical knowledge. At the same time, Rudden's and Lukens' consultants will be able to draw on Black & Veatch's extensive resources to provide expanded strategy, process and technology solutions.
Rudden's professionals include experienced energy industry executives, energy economists, senior policy experts and regulatory officials, and internationally respected strategists. They are widely published and are highly regarded for their depth of experience and targeted approach to problem solving.
Lukens professionals also include experienced energy industry executives. They have a track record of successfully providing management consulting solutions to the energy industry. "The company's professionals have significant experience in the practical issues of strategy implementation along with the tools that provide support for strategy implementation," Smith said.
Black & Veatch has assembled an operations team to assist in the transition. "We understand that client relationships and people are among the most important assets of any company. We have developed a plan to ensure a seamless transition for Rudden's and Lukens' clients and professionals," Smith said.