This article may rely excessively on sources too closely associated with the subject, potentially preventing the article from being verifiable and neutral. (December 2020) |
GP Strategies Corp. (NYSE: GPX;[2] formerly General Physics Corporation) is a provider of sales and technical training, E-learning, management consulting and engineering services headquartered in Columbia, Maryland.[3][4]
 | |
| Industry | Professional services |
|---|---|
| Founded | 1966 |
| Headquarters | Corporate headquarters in Columbia, Maryland. |
Area served | Worldwide |
Key people | Russell Becker(CO-CEO) William Maggio(CO-CEO) Michael Dugan (CFO) |
| Services | Managed Learning Services; Learning Content Design & Development; Consulting; AI Readiness, Integration & Support; Leadership Development & DEI; Technical Training; Learning Technologies & Implementation |
| Revenue |  US$493 million (2023)[1] |
Number of employees | 4,200 (May 2024) |
| Website | www |
History edit
GP Strategies was established in 1966 and in 1986, NPDC purchased majority ownership of General Physics Corporation ("GP" or "General Physics"). Originally, GP provided technical services to the Navy Submarine Nuclear Power Program in the areas of operations, safety, and training. Throughout the 1970s and 1980s, GP expanded its service offering and industry focus through internal investment and acquisitions that expanded its reach into environmental, energy, IT, and other government markets.
In 1998, NPDC changed its name to GP Strategies Corporation. In 2003, GP Strategies decided to focus on its training, engineering, and consulting business operated by GP and embarked on a plan to spin-off certain non-core assets to stockholders. In November 2004, GP Strategies spun off its non-core assets into a separate corporation which was named National Patent Development Corporation. In September 2005, GP Strategies completed the spin-off of all of its non-core assets with the spin-off of its ownership in GSE Systems.
From 2005 to 2011, GP Strategies was a holding company, consisting solely of its wholly owned operating subsidiary, General Physics. Effective January 1, 2012, GP Strategies merged with and into General Physics, eliminating the holding company structure. General Physics was the surviving legal corporation and was renamed GP Strategies Corporation effective with the merger. Following the merger, there were no material changes to the company's financial position, business operations, state of incorporation, directors, executive officers, or management.[5]
In July 2021, it was reported that London-based Learning Technologies Group would acquire GP Strategies Corporation.[6]
References edit
- ^ Investors. Review [dead link]
- ^ "NYSE, New York Stock Exchange > Listings > Listings Directory GP Strategies Corporation". Archived from the original on October 29, 2013.
- ^ "GP Strategies US Homepage". Archived from the original on October 29, 2013.
- ^ "Elkridge company moving to downtown Columbia".
- ^ "History". Archived from the original on April 15, 2015. Retrieved April 30, 2015.
- ^ "LTG Acquires Transformation Firm GP Strategies". July 16, 2021.