What 1898 & Co. does

1898 & Co. is a global business, technology, and security consultancy that operates as a division of Burns & McDonnell, an employee-owned engineering firm founded in 1898 and headquartered in Kansas City, Missouri. The firm serves critical infrastructure industries—power & utilities, manufacturing & industrial, oil/gas/chemicals, ports & maritime, transportation, water/wastewater, and government & military—through a portfolio of advisory services including acquisition and divestment advisory, transaction advisory, asset planning and management, business strategy and transformation, data analytics and AI, enterprise technology, financial analysis, industrial cybersecurity, and policy and regulatory consulting. Its core software-enabled offerings are AssetLens, a digital asset intelligence platform for capital planning and condition assessment, and Managed Security Services for operational technology environments.

The firm's technology stack includes AI-enabled digital twins for power grid analytics, Distributed Energy Resource Management System (DERMS) cybersecurity analysis, and a Cyber-Informed Engineering (CIE) framework aligned with DOE, NIST, and ISA/IEC standards. Underlying consulting IP includes expertise in consequence-based cyber risk management (CBCRM) and NERC/ERCOT-adjacent transmission planning. Senior practitioners bring operational tenure (e.g., 20+ years at electric utilities, ERCOT task force chairmanship, NERC standard drafting interface) that anchors the firm's domain credibility.

Revenue is generated through fee-based professional consulting engagements tailored to client needs, sold via direct enterprise field sales to utilities, government agencies, and industrial companies. Distribution leverages Burns & McDonnell's 125+ year reputation and existing relationships, with regional coverage across eight US territories plus India and London. Pricing is not publicly disclosed; engagements appear to be custom project-based contracts rather than standardized product pricing.

Name

1898 & Co.

Legal name

1898 & Co.

Website

https://1898andco.burnsmcd.com

Company type

Private

Founded year

1898

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

1898 & Co. is a global business, technology, and security consultancy serving critical infrastructure industries, operating as a division of Burns & McDonnell. It delivers asset management, OT cybersecurity, AI-enhanced analytics, and strategic advisory services to utilities, industrial firms, and government clients.

Ownership category

akta.pro rank

Product category

Infrastructure Consulting

NAICS

Management Consulting Services (54161), Other Management Consulting Services (541618), Administrative Management and General Management Consulting Services (541611), Other Scientific and Technical Consulting Services (54169)

SIC

Services-Management Consulting Services (8742), Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Strategy & Corporate Development Consulting (BPAHACAA)

akta.pro secondary industries

Cybersecurity & Identity Consulting (BPAHAEAG), M&A Advisory (Buy-side/Sell-side) (BPAHADAC), Industry-Specialist / Sector-Focused M&A Advisory (FSAEAGAJ), Risk Management Consulting (Enterprise & Operational Risk) (FSAEADAG)

Keywords

• Critical infrastructure consulting
• Industrial cybersecurity services
• Asset management consulting
• Grid modernization advisory
• Transaction advisory services

Headquarters

HQ city

Kansas City

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Professional Consulting Services: Fee-based consulting engagements providing business, technology and security advisory services to critical infrastructure clients. Services span acquisition advisory, asset planning, business strategy, data analytics, enterprise technology, financial analysis, industrial cybersecurity, and policy regulatory consulting.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

1898 & Co. is a global business, technology, and security consultancy that sells professional consulting services to critical infrastructure industries. Its core offerings include AssetLens (a digital asset intelligence platform for capital planning), Managed Security Services (OT-focused cybersecurity threat management), and a suite of advisory services covering acquisitions, asset planning, business strategy, data analytics, enterprise technology, financial analysis, industrial cybersecurity, and policy/regulatory advisory. Services are delivered through custom consulting engagements tailored to client needs across power, manufacturing, oil/gas, government, transportation, water, and ports sectors.

Product overview

1898 & Co. is a global business, technology, and security consultancy serving critical infrastructure industries. The firm operates as a services-based consultancy rather than a traditional software product company, offering a portfolio of advisory and consulting services organized around key practice areas. Its core offerings include AssetLens (a digital asset intelligence platform for capital planning), Managed Security Services (OT-focused cybersecurity threat management), and a comprehensive suite of consulting services spanning acquisition and divestment advisory, asset planning and management, business strategy and transformation, data analytics and AI, enterprise technology, financial analysis, industrial cybersecurity, and policy and regulatory advisory. These services are delivered across multiple critical infrastructure industries including power, oil/gas/chemicals, manufacturing, government/military, transportation, water, and ports/maritime sectors.

Differentiator

Problem solved

Functional benefit

Brands

• AssetLens: An asset management solution offered by the company.
• Managed Security Services

Products and services

• AssetLens AssetLens is a digital asset intelligence platform that provides comprehensive asset visibility, condition assessment, and capital planning capabilities for critical infrastructure organizations. It enables operators to manage asset lifecycles and prioritize capital investments.
• Managed Security Services Managed Security Services provide managed threat services supporting operational technology environments, including managed detection, incident response, and continuous security monitoring for critical infrastructure operators.
• Acquisition & Divestment Advisory Strategic advisory services for mergers, acquisitions, and divestitures in critical infrastructure sectors, supporting deal evaluation and execution.
• Transaction Advisory Due diligence and transaction advisory services including technical, environmental, and financial assessments for energy and infrastructure investments, supporting buyers, sellers, and lenders.
• Asset Planning & Management Comprehensive asset lifecycle management including capital asset planning, project planning, strategic asset management, and transmission/distribution planning for critical infrastructure operators.
• Business Strategy & Transformation Consulting services for emerging energy advisory, infrastructure modernization, organizational change management, and process optimization across critical infrastructure industries.
• Data, Analytics & AI Services Analytics, business intelligence, and AI solutions including architecture and infrastructure services for data-driven decision making across critical infrastructure clients.
• Enterprise Technology Consulting Technology consulting including enterprise asset management, geospatial solutions, grid systems, operational technology services, and project portfolio management systems.
• Financial Analysis & Rate Design Financial planning and analysis services including business case assessment, financing and forecasting, and rate design for utilities.
• Industrial Cybersecurity Consulting Cybersecurity consulting services for operational technology environments including facility cybersecurity and security consulting for critical infrastructure clients.
• Policy & Regulatory Advisory Regulatory advisory services including energy policy advisory and regulatory support for compliance with industry standards in critical infrastructure sectors.

Quantifiable outcome

• Enhanced grid resiliency and reliability through OT cybersecurity management
• +1 more outcomes

Named customers2 records

Segments7 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• West Monroe: West Monroe is a management and technology consulting firm serving utilities, energy, and other regulated industries. It is directly comparable to 1898 & Co. in combining business strategy, technology, and operational consulting for critical infrastructure clients with similar delivery model and customer base.
• Black & Veatch: Black & Veatch is an employee-owned engineering and consulting firm serving power, water, oil & gas, and telecommunications. Comparable to 1898 & Co. in its employee-owned parent structure, critical infrastructure focus, and combined engineering/consulting service offering.
• Guidehouse: Guidehouse is a management consulting firm with a strong energy, utilities, and infrastructure practice. It directly competes with 1898 & Co. in strategy, regulatory, and technology advisory for utilities and critical infrastructure operators.
• ICF International: ICF is a professional services firm providing energy, environment, and infrastructure advisory alongside digital and cybersecurity services. Comparable to 1898 & Co. across energy policy, environmental due diligence, and infrastructure modernization consulting.

Broad incumbents

• Booz Allen Hamilton: Booz Allen Hamilton is a large government and commercial consulting firm with deep cybersecurity capabilities, particularly in defense and critical infrastructure. It overlaps with 1898 & Co. on OT cybersecurity and government/military infrastructure work at greater scale.
• Accenture: Accenture is a global management consulting and technology services firm with dedicated utilities and energy practices. It competes with 1898 & Co. on enterprise transformation and digital strategy for critical infrastructure clients but at vastly larger scale.

Emerging players

• Dragos: Dragos is a pure-play industrial cybersecurity vendor focused on OT/ICS threat detection. It overlaps with 1898 & Co.'s Managed Security Services and Industrial Cybersecurity practice as both a partner and competitor for utility cybersecurity engagements.
• Claroty: Claroty is an OT cybersecurity platform vendor serving critical infrastructure operators. It competes with parts of 1898 & Co.'s industrial cybersecurity and asset visibility offerings and is increasingly embedding advisory and managed services into its platform.

Regional players

• Quanta Services: Quanta Services is a North American infrastructure solutions provider for the electric, oil & gas, and communications industries. While primarily a construction firm, it competes with 1898 & Co. on grid planning and infrastructure modernization advisory at scale across US utility customers.

Others

• McKinsey & Company: McKinsey is a global strategy consulting firm with energy and infrastructure practices. It is an indirect competitor for high-end strategy, M&A advisory, and corporate development work that 1898 & Co. performs for utilities and infrastructure investors.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks2 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/1898andco
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• Facebookfacebook.com/1898andCo

Revenue estimate

Valuation estimate

Number of profiles

Profiles23 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about 1898 & Co.