General Physics makes play for training company

Acquisition adds courseware development capabilities

General Physics Corp. is building out its training portfolio with the acquisition of PerformTech, a Virginia-based company that provides custom courseware development and training services to the government.

Terms of the acquisition, which closed Dec. 30, were not disclosed, but the company used a portion of $20 million private placement by Sagard Capital Partners, company officials said today.

General Physics is the principal operating subsidiary of GP Strategies Corp. The company provides training, e-learning solutions, management consulting and engineering services. Its major government customers include the Air Force’s Arnold Engineering Development Center, and the 30th and 45th space wings.

PerformTech, of Alexandria, Va., develops training solutions supporting border security, anti-terrorsim and highway engineering. The company had $15 million in 2009 revenue. The investment bank KippsDeSanto & Co. served as PerformTech’s adviser on the deal.

The combination of PerformTech’s capabilities with General Physics GoLearn and first responder training should fuel growth opportunities, company officials said.

General Physics is ranked No. 38 on Washington Technology’s 2009 Top 100 list of the largest government contractors.

About the Author

Nick Wakeman is the editor-in-chief of Washington Technology. Follow him on Twitter: @nick_wakeman.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close
SEARCH
 Top 100 Slideshow
contracts DB

Trending

  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Read More

  • Is SBA MIA on contractor fraud? Nick Wakeman

    Editor Nick Wakeman explores the puzzle of why SBA has been so silent on the latest contractor fraud scandal when it has been so quick to act in other cases. Read More

Webcasts