Black & Veatch

What Black & Veatch does

Black & Veatch is a privately held, 100% employee-owned engineering, procurement, and construction (EPC) firm founded in 1915 and headquartered in Overland Park, Kansas. The company operates across three strategic sectors — Fuels & Natural Resources; Technology, Industrial & Governments; and Power Providers — serving utilities, governments, and industrial customers through approximately 13,000 employees, 100+ offices worldwide, and a portfolio of 7,000+ active projects.

The firm's offerings span the full asset lifecycle, including feasibility studies, design, engineering, procurement, construction, and operations support. Core proprietary technologies include the PRICO single mixed refrigerant liquefaction technology for LNG and floating LNG (FLNG) applications, and BV ASK, an AI platform that leverages the company's 110-year documentation archive for knowledge retrieval, engineering assistance, and process automation. Black & Veatch also operates IgniteX, an internal accelerator for emerging technology ventures, and maintains affiliated brands including BVCI and Diode Ventures.

Black & Veatch generates revenue through project-based EPC contracts (fixed-price and cost-reimbursable), multi-year master service and operations & maintenance agreements, and proprietary technology licensing (notably PRICO for LNG). Its go-to-market centers on competitive bids for utility-scale infrastructure, federal concession programs such as U.S. Army Corps of Engineers water work, and direct negotiated engagements with large industrial and energy counterparties. The 100% employee-ownership structure aligns long-duration operational and capital allocation decisions with employee-shareholder incentives.

Name

Black & Veatch

Legal name

Black & Veatch Corporation

Website

https://bv.com

Company type

Private

Founded year

1915

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Black & Veatch is a 100% employee-owned, Overland Park-based EPC firm founded in 1915 that delivers engineering, procurement, construction, and asset management services across energy, water, and industrial infrastructure to utilities, governments, and industrial clients worldwide.

Ownership category

akta.pro rank

Product category

Engineering, Procurement and Construction Services

NAICS

Engineering Services (541330), Architectural, Engineering, and Related Services (5413), Environmental Consulting Services (541620)

SIC

Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE) (EUAMAFAJ)

akta.pro secondary industries

Combined Cycle & Cogeneration (CHP) EPC (EUAEAAAB), Civil & Site Works EPC (Earthworks, Roads, Drainage, Foundations) (EUAEADAA), Construction Management & Delivery (EPCM/CMAR/Design-Build Oversight) (EUANALAE), Power Plant I&C / SCADA / DCS EPC (EUAEAAAN), Mine Infrastructure & Utilities EPC (Power, Water, Comms, Camps, Roads, Airstrips) (IMAKAOAB)

Keywords

• Engineering procurement construction
• Power generation delivery
• Water treatment infrastructure
• Fuels and LNG solutions
• Infrastructure advisory services

Headquarters

HQ city

Overland Park

HQ country

United States

HQ region

North America

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Engineering and Construction Services: Full project lifecycle services from strategy and planning through engineering, procurement, construction, operations, modernization, and decommissioning. Revenue generated through fixed-price contracts, cost-plus contracts, and EPC delivery models for infrastructure projects.
2. Infrastructure Advisory: Strategic consulting services for infrastructure planning, decarbonization roadmaps, digital transformation, and alternative delivery models. Supports clients in navigating regulatory compliance and sustainability goals.
3. Lifecycle Services: Ongoing operations, maintenance, and modernization services for existing infrastructure assets. Includes commissioning and startup services.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels8 records

Core offering

Black & Veatch is a global engineering, procurement, consulting, and construction (EPC) firm that delivers full-lifecycle infrastructure solutions across power generation, power delivery, water and wastewater treatment, fuels (LNG, floating LNG, hydrogen), process, environmental, and mission-critical projects. Services span strategy, planning, engineering, procurement, construction, operations, modernization, and decommissioning for utility, government, data center, and industrial clients worldwide.

Product overview

Black & Veatch is a global engineering, procurement, consulting, and construction (EPC) firm offering end-to-end infrastructure solutions across power generation, power delivery, water, process, fuels, environmental, mission critical, and lifecycle services. The company operates under multiple branded offerings including BVCI and Diode Ventures for project delivery, proprietary PRICO liquefaction technology for LNG/FLNG applications, and the IgniteX program for startup collaboration. Their portfolio includes proprietary AI platform BV ASK leveraging 110 years of engineering documentation, along with industry benchmark reports (Water Report, Electric Report) surveying hundreds of industry professionals. Black & Veatch serves diverse sectors including power providers, water utilities, technology and data centers, industrial and manufacturing, fuels and natural resources, federal agencies, and public sector clients across global markets.

Differentiator

Problem solved

Functional benefit

Brands

• IgniteX: Award-winning program collaborating with startups and entrepreneurs to develop new technologies and bring them to market
• PRICO

Products and services

• PRICO Liquefaction Technology Patented single-loop liquefaction technology enabling modular, cost-effective LNG production for floating LNG (FLNG) and land-based LNG facilities. Used by Delfin Midstream for the first floating LNG export facility in the United States (Delfin FLNG 1) with 4.4 million tonnes per year capacity.
• IgniteX Program Award-winning innovation accelerator program that collaborates with startups and entrepreneurs to develop new infrastructure technologies and bring them to market, providing mentorship, industry network access, product testing opportunities, and potential strategic investments over a 12-week program.
• BV ASK AI Platform Proprietary AI platform leveraging 110 years of engineering documentation to democratize expertise across engineering disciplines, enable knowledge retrieval, and drive AI-powered project analytics. Drove 97% active usage of core AI capabilities across approximately 5,000 employee-owners.
• Engineering, Procurement, and Construction (EPC) Services Full project lifecycle services from strategy and planning through engineering, procurement, construction, operations, modernization, and decommissioning. Revenue generated through fixed-price contracts, cost-plus contracts, and EPC delivery models for infrastructure projects spanning power, water, fuels, environmental, mission critical, and process work.
• Infrastructure Advisory Services Strategic consulting services for infrastructure planning, decarbonization roadmaps, digital transformation, and alternative delivery models, supporting clients in navigating regulatory compliance and sustainability goals.
• Lifecycle Services Ongoing operations, maintenance, modernization, and commissioning/startup services for existing infrastructure assets across power, water, fuels, and process facilities.
• Diode Ventures Wholly-owned subsidiary brand focused on successful project delivery at scale for infrastructure projects.
• Bird Electric (Self-Perform Electrical Construction) Wholly-owned subsidiary providing self-perform electrical construction services to electric utility clients nationwide, supporting grid modernization, substations, and power delivery projects.
• Overland Contracting Wholly-owned subsidiary providing construction services for utility clients.

Quantifiable outcome

• 76% reduction in outages and 80% improvement in restoration times for Georgia Power grid modernization
• +4 more outcomes

Named customers15 records

Segments8 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability5 records

Feature4 records

Partnerships

20 partnerships are on record, tiered core, major and minor.

• Slayden ConstructorscoreChannel Partner/ Reseller/ Distributor · 22 June 2026Part of consortium delivering $330 million overhaul of Medford, Oregon Regional Water Reclamation Facility to comply with stricter nitrogen and phosphorus limits.
• West YostcoreChannel Partner/ Reseller/ Distributor · 22 June 2026Part of consortium delivering $330 million overhaul of Medford, Oregon Regional Water Reclamation Facility.
• Carollo EngineerscoreChannel Partner/ Reseller/ Distributor · 22 June 2026Part of consortium delivering $330 million overhaul of Medford, Oregon Regional Water Reclamation Facility.
• LG Energy Solution VertechcoreTechnology or Integration · 22 June 2026Battery supplier for OCI Energy's Alamo City BESS project (120MW/480MWh) in Texas.
• Elgin Power SolutionscoreChannel Partner/ Reseller/ Distributor · 22 June 2026EPC contractor for OCI Energy's Alamo City BESS project in Texas.
• KloudGincoreStrategic or Co-development Partner · 10 June 2026Collaboration to deliver unified work and asset management solutions for utilities and public sector organizations. Combines Black & Veatch's century of utility engineering expertise with KloudGin's cloud-native, AI-native platform integrating Enterprise Asset Management, Field Service Management, and Construction Work Management. Addresses rising electricity demand from AI infrastructure and fragmented legacy systems causing 20-30% productivity loss.
• StantecmajorStrategic or Co-development Partner · 3 June 2026Black & Veatch-Stantec joint venture awarded $85 million contract to provide design and engineering support for U.S. Army Corps of Engineers Brandon Road Interbasin Project. The project involves modifying Brandon Road Lock and Dam between Great Lakes and Mississippi River basins to prevent invasive carp from entering the Great Lakes ecosystem.
• Samsung Heavy IndustriescoreTechnology or Integration · 3 June 2026Construction and commissioning partner for Delfin FLNG 1 vessel - the first floating LNG facility in the United States and largest FLNG project globally. The vessel will have 4.4 million tonnes per year LNG export capacity.
• Siemens EnergycoreTechnology or Integration · 3 June 2026Turbine package supplier for Delfin FLNG 1 floating LNG vessel project using Black & Veatch's PRICO liquefaction technology.
• Georgia PowercoreStrategic or Co-development Partner · 3 June 2026Partnership on large-scale grid modernization infrastructure upgrades. Success case reporting 76 percent reduction in outages and 80 percent improvement in restoration times following Hurricane Helene.
• Sugar Valley EnergyminorStrategic or Co-development Partner · 6 March 2026Black & Veatch completed independent engineering report validating Sugar Valley Energy project's design, technology, and readiness for financing. Project aims to produce low-carbon ethanol, RNG, and electricity from sugarcane in California.
• OCI EnergycoreStrategic or Co-development Partner · 27 February 2026Black & Veatch served as technical advisor for OCI Energy's Alamo City BESS project (120MW/480MWh) in Bexar County, Texas. Project backed by 20-year Storage Capacity Agreement with CPS Energy.
• Arava PowercoreStrategic or Co-development Partner · 27 February 2026Joint financing and development of Project SunRoper - 347 MW solar farm in Wharton County, Texas. $394 million investment with 20-year PPA with Fortune 100 company.
• Energy NorthwestmajorStrategic or Co-development Partner · 26 January 2026Energy Northwest selected Cascade Nuclear Partners (joint venture of Black & Veatch, Aecon, and Kiewit Nuclear Solutions) as builder for the Cascade Advanced Energy Facility - four Xe-100 small modular reactors generating up to 320 MW in Washington State.
• X-energymajorStrategic or Co-development Partner · 26 January 2026X-energy's Xe-100 small modular reactor technology selected for Cascade Advanced Energy Facility. Black & Veatch part of joint venture Cascade Nuclear Partners selected as builder for the project.
• International Council on Clean Transportation (ICCT)minorStrategic or Co-development Partner · 31 October 2025Partnered with ICCT to assess costs of constructing medium- and heavy-duty electric truck charging facilities in the United States, developing three prototype facilities.
• KC2026 (FIFA World Cup Host Committee)coreGTM or Marketing Partner · 28 October 2025Black & Veatch serves as Host City Supporter for FIFA World Cup 26 Kansas City. Supports FIFA Fan Festival and city infrastructure for the international event.
• Aecon GroupmajorStrategic or Co-development Partner · 24 October 2025Partnership selected to deliver Energy Northwest's Cascade Advanced Energy Facility in Washington. Aecon partnership with Kiewit and Black & Veatch finalizing negotiations with Energy Northwest for four SMRs.
• VerdagymajorStrategic or Co-development Partner · 25 February 2025Black & Veatch selected as FEED contractor for Verdagy's 60 MW clean hydrogen project near the Gulf Coast in Texas, targeting over 9,000 tons per year of hydrogen production. Project targets European RED III (RFNBO) and US Treasury 45V compliance.
• Environmental Defense Fund (EDF)minorStrategic or Co-development Partner · 3 December 2024Study commissioned by EDF and conducted by Black & Veatch found proactive electric grid upgrades for medium- and heavy-duty electric trucks and buses could yield significant cost savings - approximately $20 million in Con Edison territory and $10-13 million in CenterPoint Energy's Houston service area.

Scale indicators15 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Jacobs Solutions: Global engineering, consulting, and EPC firm with comparable critical infrastructure delivery across water, power, transportation, and advanced facilities. Closest direct peer given overlapping utility, federal, and infrastructure advisory practices.
• Stantec: Canadian-based engineering and consulting firm serving water, infrastructure, environmental, and energy markets. Direct peer in water utilities and grid infrastructure; collaborates with BV through the Brandon Road JV, illustrating head-to-head positioning.
• WSP Global: Professional services consulting firm with strong water, environment, transportation, and energy practices following the Wood E&I and Power Engineers acquisitions. Directly comparable in engineering design and program management across the same end markets.
• Tetra Tech: Engineering and consulting firm specializing in water, environment, and sustainable infrastructure. Direct peer in municipal water treatment, environmental consulting, and federal infrastructure programs.
• Burns & McDonnell: 100% employee-owned engineering, architecture, construction, and consulting firm headquartered in Kansas City. Closely comparable private, employee-owned EPC peer with overlapping power, water, environmental, and federal infrastructure practices.

Broad incumbents

• AECOM: One of the largest global infrastructure consulting and engineering firms with a much larger revenue base. Competes across BV's water, environment, transportation, and power markets but at greater scale with broader geographic reach.
• Bechtel Corporation: Privately held, family-owned global EPC leader executing large-scale power, LNG, nuclear, and infrastructure projects. Competes with BV on megaprojects including LNG, hydrogen, and grid infrastructure at greater scale and longer project tenure.
• Fluor Corporation: Publicly traded global EPC firm with significant overlap in energy solutions, mission solutions, and urban development. Comparable in LNG, gas-fired power, and large industrial EPC; larger scale and broader mining/minerals exposure.
• KBR: Government services and sustainable technology solutions provider with strong overlap in energy, defense, and science. Overlaps with BV on federal infrastructure, sustainable energy solutions, and technology-driven engineering services.
• Parsons Corporation: Engineering and defense firm with infrastructure and critical infrastructure segments. Comparable in federal infrastructure, environmental remediation, and grid modernization projects, particularly with government and defense clients.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/black-and-veatch
• Xx.com/Black_Veatch
• Facebookfacebook.com/BlackVeatch

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries5 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments17 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Black & Veatch