USA: HII Takes Over Stoller, Eyes Further Market Growth
American shipbuilder Huntington Ingalls Industries (HII) has taken over the S.M. Stoller Corporation (Stoller), a privately-held firm based in Colorado, as a strategic step toward further growth in nuclear services market. Stoller is a provider of environmental, nuclear, and technical consulting and engineering services to the U.S. Department of Energy, Department of Defense and the private sector.
“With this strategic acquisition, Newport News Shipbuilding (NNS) is positioned for expanded growth within the DOE, environmental management and commercial nuclear services markets,” said HII Corporate Vice President and NNS President Matt Mulherin. “Stoller’s exceptional commitment to performance and safety are well recognized by the environmental management and remediation industry and are attributes that directly support our plan for continued growth within these markets. “
Under the deal, of an undisclosed value, Stoller will become a wholly-owned subsidiary of HII. It will operate under its NNS division, which is the country’s sole designer, builder and refueler of nuclear-powered aircraft carriers and one of only two shipyards capable of designing and building nuclear‐powered submarines.
Naval Today Staff, January 3, 2014; Image: HII