Founded in 1983 and headquartered in Toano, ESG recruits and employs engineers and other highly skilled technical personnel for long-term assignments, primarily in the commercial nuclear power industry but also in the fossil, solar and wind power generation sectors. ESG and BCP are competitors, but each company has different clients and provides a different range of services, according to a press release from ESG.
Once the acquisition is complete, BCP will become a wholly-owned subsidiary of ESG and the company and its affiliates will employ over 850 full time employees. BCP’s current management team will continue to operate the business out of its Louisiana and Florida offices.
“The addition of BCP is a transformative event in ESG’s history, and reflects our commitment to growing as a premier energy services company,” said Tom Gillman, President and Chief Executive Officer of ESG.
“With BCP as part of our organization, we will expand our footprint to cover the entire US and that will enable us to move our resources from project to project more efficiently. ESG’s services align with the energy industry’s philosophy of maintaining a balance between outsourced workers and in-house employees in order to deliver the highest level of service in a cost-effective manner.”
BCP also provides forensic accounting and in-core detector maintenance and replacement to the power industry. ESG and BCP clients are mostly blue-chip power companies, including Dominion Resources, Duke Energy, Florida Power & Light, Entergy, TVA, Exelon, Southern Company, FirstEnergy and PSE&G Nuclear.
Gillman expects good things to come of the purchase. “BCP is a growing and profitable company led by a solid, respected team of executives,” he said. “There is little overlap in our respective customer bases, which we expect will allow us to significantly enhance business development opportunities resulting from the combined competencies and relationships of BCP and ESG.”
