1. RCC Consultants files for Chapter 11 bankruptcy
RCC Consultants, one of the best-known engineering and consulting firms in the critical-communications industry, filed for Chapter 11 bankruptcy in May with an announcement that the company owed several million dollars to its 78 employees and other creditors.
By July, the consulting firm’s business and assets were bought by Black & Veatch (B&V) for a purchase price of $3.1 million, according to a motion filed by RCC Consultants in its bankruptcy court.
“RCC expands our access to new client relationships and brings specific industry expertise,” Marty Travers, president of Black & Veatch’s telecommunications business, explained the strategy behind the purchase in a prepared statement. “Black & Veatch’s well-established carrier and utility telecom business, coupled with RCC’s capabilities, will enhance our service offerings for public-safety clients.
RCC Consultants, one of the best-known engineering and consulting firms in the critical-communications industry, filed for Chapter 11 bankruptcy in May with an announcement that the company owed several million dollars to its 78 employees and other creditors.
By July, the consulting firm’s business and assets were bought by Black & Veatch (B&V) for a purchase price of $3.1 million, according to a motion filed by RCC Consultants in its bankruptcy court.
“RCC expands our access to new client relationships and brings specific industry expertise,” Marty Travers, president of Black & Veatch’s telecommunications business, explained the strategy behind the purchase in a prepared statement. “Black & Veatch’s well-established carrier and utility telecom business, coupled with RCC’s capabilities, will enhance our service offerings for public-safety clients.