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Morgan Joseph & Co. to assist Baker in sale of energy business

Pittsburgh-based Michael Baker Corporation has retained the investment banking firm of Morgan Joseph & Co. Inc. as financial advisor to assist the Board of Directors in pursuing the sale of the company's Energy business segment.

With 2006 total contract revenues of $271 million and approximately 2,300 employees, Baker Energy works with oil and gas companies worldwide to provide total asset management solutions. By integrating its diverse operating and management skills, Baker Energy has evolved into a single source supplier of competency-based personnel recruiting and training, comprehensive operations and maintenance, and supply chain management services. The unit has U.S. offices in Houston, Texas; Lafayette, Louisiana; and Sheridan, Wyoming; and works in a number of overseas locations including Nigeria, Thailand, Venezuela, Algeria, Angola, Equatorial Guinea and London, England.



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