GP Strategies Corporation
| Company type | Public |
|---|---|
| Industry | Professional services, Training, Management consulting, Engineering |
| Predecessor | General Physics Corporation |
| Founded | 1959 |
| Headquarters | Columbia, Maryland , United States |
Area served | International |
Key people | Adam Stedham (CEO), Michael Dugan (CFO) |
| Products | Sales and technical training, e-learning, management consulting, engineering solutions |
Number of employees | 4,500 (2022) |
GP Strategies Corp. (NYSE: GPX; previously known as General Physics Corporation) specializes in delivering sales and technical training, e-learning, management consulting, and engineering solutions from its headquarters in Columbia, Maryland. The organization caters to an international clientele, concentrating on professional and technology-oriented services. In 2014, it recorded revenues totaling US$501.9 million and, as of October 2022, had a workforce of around 4,500 employees. The executive leadership team features CEO Adam Stedham and CFO Michael Dugan. GP Strategies is listed on the New York Stock Exchange and is included in the Russell 2000 Index.
History
Established in 1959, GP Strategies Corporation began as a venture capital enterprise targeting technology firms and went public the following year, in 1960.
In 1986, NPDC acquired controlling interest in General Physics Corporation ("GP"), which was founded in 1966 and initially delivered technical support for the Navy Submarine Nuclear Power Program. Throughout the 1970s and 1980s, GP broadened its scope through strategic investments and acquisitions into sectors such as environmental services, energy, information technology, and government markets.
NPDC adopted the name GP Strategies Corporation in 1998. By 2003, the company shifted focus back to its primary areas of training, engineering, and consulting while initiating divestitures of non-core businesses. During 2004 and 2005, these divestitures were finalized, including the separation of its stake in GSE Systems.
Between 2005 and 2011, GP Strategies functioned as a holding company with General Physics as its sole subsidiary. On January 1, 2012, a merger consolidated GP Strategies into General Physics, simplifying the corporate structure under the GP Strategies brand without significant alterations to financial performance or management.
In July 2021, Learning Technologies Group, based in London, revealed intentions to acquire GP Strategies Corporation.