Witt Group Holdings, LLC announced it has completed the purchase of the Preparedness Services unit of GlobalOptions Group, Inc. (NASDAQ: GLOI), a leading provider of domestic and international risk management services, for a total cash consideration of up to $22.0 million. Within GlobalOptions Group, the Preparedness Services unit operated under the name James Lee Witt Associates. Outcome Capital acted as financial advisor to Witt Group Holdings with regard to this transaction.
Founded in 2001, James Lee Witt Associates is a public safety and crisis management consulting firm based in Washington, D.C., with offices located throughout the country. James Lee Witt Associates has unrivaled experience and hands-on knowledge of emergency preparedness, response, recovery and mitigation bridging government agencies and non-profits with industry and citizens as they assist state and local governments to prepare for and recover from disasters and crisis.
James Lee Witt, Mark Merritt, Barry Scanlon, Pate Felts and Juggernaut Capital Partners LP are the founding principal members of Witt Group Holdings.
About Witt Group Holdings, LLC
Founded in 2001, James Lee Witt Associates is a crisis and emergency management consulting firm based in Washington, DC. Witt Associates has unrivaled experience and hands-on knowledge of public safety, disaster mitigation, continuity of operations, and emergency management issues.
About Juggernaut Capital Partners LP
Juggernaut Capital Partners LP was founded in early 2009 by John D. Shulman who was formerly a Managing Director with Allied Capital. The Fund targets middle market companies primarily in the business services and consumer industries and currently manages over $100 million in total assets.