GP Strategies Acquires PerformTech Inc.

Katie Moran, Emma Lopo-Sullivan and Richard Thackray, co-founders of PerformTech, are pleased to announce the acquisition of PerformTech by General Physics Corporation, a global performance improvement solutions provider.

PerformTech, located in Alexandria, Virginia, is a leading developer of custom training solutions, with a significant presence supporting Federal government priorities including border security, anti-terrorism, and highway engineering. PerformTech leverages its extensive past performance, proprietary development tools, and technical expertise in needs analysis, curriculum development (classroom and web-based), and training delivery to address clients’ mission critical needs. General Physics, (GP), headquartered in Elkridge, Maryland, provides sales and technical training, e-Learning solutions, management consulting and engineering services worldwide. Their clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers.

Katie Moran and Emma Lopo-Sullivan, the President and Executive Vice President, respectively, and co-founders of PerformTech, will remain with the company and become officers of General Physics Corporation. Richard Thackray will continue to support PerformTech’s extensive operations in the highway safety and engineering field.

Katie Moran stated, “PerformTech is thrilled by the opportunity to offer our clients a broader range of training services including LMS hosting, SharePoint application development and Help Desk support and to increase our presence in the commercial sector as part of the GP Team." Emma Lopo-Sullivan stated, "We are very excited about the future. PerformTech has found a perfect fit with GP whose focus is exactly the same as ours: to establish long-term partnerships with our clients, as we provide them with the highest quality custom training and stellar customer service."

Scott Greenberg, Chief Executive Officer of GP Strategies, stated, “We continue to pursue selective acquisitions of businesses that broaden our service and product offerings, deepen our capabilities, diversify our client mix and allow us to expand within the federal government. We believe that PerformTech’s capabilities, combined with GP’s experience, complement our ability to deliver learning services. The delivery of training services to U.S. government agencies is undergoing substantial growth and the acquisition of PerformTech will greatly enhance GP’s ability to participate in this area.”

Additional information about GP may be found at http://www.gpworldwide.com. To learn more about PerformTech, Inc., visit http://www.performtech.com/.