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RCM Technologies, Inc. Announces Acquisition Of BGA LLC

Stocks in this article: RCMT

PENNSAUKEN, N.J., Aug. 8, 2012 (GLOBE NEWSWIRE) -- RCM Technologies, Inc. (Nasdaq:RCMT) today announced the acquisition of BGA LLC, an Oakland New Jersey based Engineering Services firm. The purchase of BGA is expected to complement and expand RCM's Engineering Services Offerings and provide our customers a greater range of services and a stronger depth of experienced engineering resources.

BGA provides its customers with comprehensive multidiscipline engineering solutions across numerous industry sectors including Power Generation (both Nuclear and Fossil), Energy Delivery, Energy Management, Architecture, Commercial Building and Manufacturing. The BGA acquisition brings RCM approximately 40 engineering and related professionals.     

The RCM Engineering Division's core business mission is to continue its strategic transformation designed to focus on providing our customers complete Engineering, Procurement and Construction (EPC) solutions. RCM has added a foundational technology layer to its already strong and diverse Engineering Group, whose role significantly expands RCM's Architecture and Civil/Structural capability in addition to providing a very formidable Mechanical, Electrical and Instrumentation and Control Capability.  

Leon Kopyt, Chairman and CEO of RCM, commented: "We are very pleased to welcome BGA into the RCM family. We anticipate that the advanced quality of their Engineering Capability will competitively strengthen RCM as a premier single-source provider of engineering and technology solutions having a strong customer focus and offering an integrated suite of services. RCM's comprehensive engineering solutions strategy is designed to address the frequently changing competitive Engineering Marketplace."

Bruce Goldman, President of BGA, said: "Joining RCM presents an exciting opportunity for BGA's customers, employees and business partners. We have assembled a talented and motivated team, acquired blue chip customers and built strong partnerships. By joining RCM, we gain strong leadership, vast experience, rapid scalability and national delivery.  Moreover, we are delighted to join RCM because of our mutual technological and cultural synergies. BGA was founded on the premise of earning our customers' business every day, and such premise is favorably aligned with RCM's customer-centric business approach."

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