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SAIC Completes Acquisition of Benham Investment Holdings, LLC

Science Applications International Corporation announced that it has completed the acquisition of Benham Investment Holdings, LLC (Benham) and its subsidiaries. Benham is an engineering and life-cycle technology implementation firm that serves Fortune 500(R) commercial and federal government customers.

Headquartered in Oklahoma City, Okla., Benham offers a full range of capabilities in consulting, engineering, architecture and design/build, including specialized expertise in energy management, alternative fuels, process engineering, industrial manufacturing, facilities, software development and integration, and advanced visualization and communication systems.

"The acquisition of Benham represents a significant opportunity for SAIC to extend the value of solutions we deliver to customers and seamlessly integrate technologies, systems and infrastructure across the markets we serve," said J.T. Grumski, SAIC senior vice president and newly appointed president of Benham. "We are very pleased about the market synergies and cultural fit of our respective companies."

"SAIC's acquisition of Benham positions SAIC to significantly grow its commercial energy and infrastructure business. Adding process and facility design and implementation capabilities to its growing business in energy management, oil and gas operations, and utility systems represents an important step in SAIC's strategy to enhance its capabilities in these areas," said Joe Craver, president of SAIC's Infrastructure, Logistics and Product Solutions Group, the SAIC group into which Benham will be integrated.

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. Lance Benham, the company's former president will remain as senior vice president, focused on strategic business development initiatives and synergy creation with its new parent.

Terms of the acquisition were not disclosed.-SAIC news

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