Transactions
December 21, 2009
KippsDeSanto & Co. Advises Training Technology Firm PerformTech Inc. on Its Sale to GP Strategies Corporation
KippsDeSanto & Co. is pleased to send you the attached press release announcing the acquisition of our client, PerformTech Inc. (“PerformTech”), by General Physics Corporation (“General Physics”), a wholly-owned subsidiary of GP Strategies Corporation. PerformTech is expected to broaden General Physics’ training development capabilities as well as add additional depth and breadth in highly sought after Federal government customers. The transaction closed on December 30, 2009.
Based in Alexandria, VA, PerformTech is a leading developer of custom training solutions, with a significant presence supporting national security, border protection, anti-terrorism, emergency management, and infrastructure engineering priorities for the Department of Homeland Security, State Department, and other Federal Agencies. PerformTech directly supports, via needs analysis, curriculum development (classroom and web-based), and training delivery, clients’ mission critical needs.
We believe this transaction represents a number of key trends in the M&A market for government services and training firms:
• Heightened acquisition importance placed on unique and sustainable competitive differentiators such as proprietary tools and technologies
• Firms providing training and support of National Security initiatives continue to be in strong demand. Those initiatives are viewed as higher priority (less discretionary) areas with continued budget growth potential and less susceptible to budget cuts and/or insourcing
• Buyer attraction to focus – capability and customer depth
KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading technology and defense companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.
We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives. For more information on this particular transaction, please contact one of our senior professionals.
LEAD INVESTMENT BANKERS
Bob Kipps
Marc B. Marlin
KippsDeSanto & Co. is pleased to send you the attached press release announcing the acquisition of our client, PerformTech Inc. (“PerformTech”), by General Physics Corporation (“General Physics”), a wholly-owned subsidiary of GP Strategies Corporation. PerformTech is expected to broaden General Physics’ training development capabilities as well as add additional depth and breadth in highly sought after Federal government customers. The transaction closed on December 30, 2009.
Based in Alexandria, VA, PerformTech is a leading developer of custom training solutions, with a significant presence supporting national security, border protection, anti-terrorism, emergency management, and infrastructure engineering priorities for the Department of Homeland Security, State Department, and other Federal Agencies. PerformTech directly supports, via needs analysis, curriculum development (classroom and web-based), and training delivery, clients’ mission critical needs.
We believe this transaction represents a number of key trends in the M&A market for government services and training firms:
• Heightened acquisition importance placed on unique and sustainable competitive differentiators such as proprietary tools and technologies
• Firms providing training and support of National Security initiatives continue to be in strong demand. Those initiatives are viewed as higher priority (less discretionary) areas with continued budget growth potential and less susceptible to budget cuts and/or insourcing
• Buyer attraction to focus – capability and customer depth
KippsDeSanto & Co. is an investment bank focused on delivering exceptional M&A and financing transaction results for leading technology and defense companies. For more information on KippsDeSanto & Co., please visit www.kippsdesanto.com.
We welcome the opportunity to discuss how KippsDeSanto & Co. can help you achieve your strategic objectives. For more information on this particular transaction, please contact one of our senior professionals.
LEAD INVESTMENT BANKERS
Bob Kipps
Marc B. Marlin
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