http://bartlettinc.com/employment/press%20release.pdf
I just received an announcement today that Bartlett's purchase of Numanco Services and SUN Technical Services is complete. This is how the Balance of Power works out:
Ken Currie will continue as President of SUN, he reports to Bill Nevelos, President and CEO of Bartlett Nuclear, Inc.
Jimmy Orr will be Joining Bartlett as Business Manager of Utility Division and will be reporting to Jerry Hiatt, President of Utility Division
Tina Inman, Operations Manager of Numanco’s Tulsa Office will be reporting to Nick DiMascio, President of Operations Division.http://bartlettinc.com/employment/press%20release.pdfFOR IMMEDIATE RELEASE:
Bartlett Holdings, Inc. Announces the Acquisition of Numanco LLC
PLYMOUTH, MA – November 22, 2004 – Bartlett Holdings, Inc. (Bartlett) completed the acquisition
of Numanco LLC, a company previously-owned by American Electric Power Corporation (AEP).
Numanco LLC is comprised of Numanco Services (Numanco), a provider of temporary staff
augmentation services to commercial nuclear utilities, and SUN Technical (SUN), a provider of
temporary staff augmentation services, specializing in professional and technical employees, to both
nuclear and fossil sites within the utility industry.
“The union of Bartlett and Numanco marks a significant milestone in our company’s history,” stated Bill
Nevelos, President and CEO of Bartlett. “There is significant synergy between the customers and
services of these two longstanding companies that will provide greater value to the industry as a whole.”
The Numanco acquisition will continue to strengthen Bartlett’s capabilities and achieve its growth goals
and strategic business plan objectives. The complementary fit between the two companies will also help
mitigate industry concerns, identified by the Nuclear Energy Institute, regarding the effective utilization
of a shrinking nuclear workforce. In addition to extending its core business, Bartlett will be well
positioned to focus on new market opportunities across a wider customer base as a result of SUN’s
expertise in providing professional and technical services.
About Bartlett
Bartlett, founded in 1979 and privately-owned, is the largest provider of radiation protection personnel
and decontamination/decommissioning services to the United States commercial nuclear power facilities.
Bartlett also serves the remainder of the utility industry, the Department of Energy and Department of
Defense. Bartlett’s home office is based in Plymouth, Massachusetts, with regional offices in
Connecticut, California, Florida, Pennsylvania, Tennessee and Virginia. At various time of the year,
Bartlett staffs over 3,000 employees. Boston-based private equity firms Berkshire Partners and Summit
Partners lead an investment in Bartlett in early 2004
About Numanco
Numanco LLC, founded in 1975, is majority-owned by AEP and based in Tulsa, Oklahoma. Numanco
provides temporary staff augmentation services, including radiation protection and decontamination
technicians to the commercial nuclear power industry and one decommissioned reactor. These
technicians generally support scheduled refueling, steam generator replacement, and maintenance
outages. At various points of the year, Numanco staffs nearly 600 employees.
About SUN Technical
SUN Technical, founded in 1981, is based in Reno, Nevada. SUN provides professional and technical
staff, such as engineers, planners, schedulers, power plant operators, instrumentation and calibration
technicians, and specialized craft personnel to the utility industries, including both nuclear and fossil sites.
At various points of the year, SUN staffs over 1,000 employees.
Contact:
Lauren McChesney
Marketing & Business Development
Bartlett Holdings, Inc.
(800) 225-0385 ext. 1149
lauren@bartlettinc.com