Union of Two Defense Services Contracting Firms Brings Strategic Advantages
McLean, VA, June 29, 2005 - CPI, a government contracting firm based in Fairfax, Virginia and Columbia Research Corporation (CRC) have merged to become one entity: The Columbia Group.
Both CPI and CRC provide solutions, services, and product in areas such as financial management and information technology, and security and counterterrorism. By combining forces, these two companies are strengthening their strategic position in the defense marketplace. Indeed, while both companies have been growing and providing valued services to their clients, this combination provides broader opportunities for growth, greater depth of resources to support clients, and enhanced competitive synergies with a combined skill set and competencies.
"Our common goal is to position The Columbia Group as a powerful market force in the government contracting sector, especially in the defense services community" says CPI President, Martin Arase, who will become President of the Columbia Group. "The combination of CPI and CRC to form the Columbia Group will not only enhance our competitiveness in the marketplace" added Dr. Norman Witbeck, President of CRC. "But it will also provide greater opportunity for our customers and employees." Dr. Witbeck will continue as an active advisor to and executive with the merged company.
The project management structure and assignments of both CPI and CRC will remain substantially unchanged, promising a smooth and well-run integration. The Columbia Group will be able to pursue business under the combined contracting vehicles of the two companies.
The McLean Group acted as advisor and assisted in the negotiation for CPI in this business combination with Columbia Research Corporation.
About CPI, Inc.
Computer Products, Incorporated (CPI) is a professional services firm providing services and products to a wide range of customers. CPI has a twenty one year history of providing outstanding quality to its customers and a rewarding atmosphere for its employees. Its management team is focused on nurturing an environment that fosters creative thinking among its staff to provide its customers with innovative approaches to complex problems.
About Columbia Research Corporation
Columbia Research Corporation (CRC) has been delivering professional services to Department of Defense and commercial clients for over 30 years. Headquartered just ten minutes from the Pentagon and five minutes from Capitol Hill, with field offices in Florida and Virginia, CRC employs approximately 200 engineers, logisticians, and information system specialists.
About The McLean Group
The McLean Group is a private investment bank providing merger and acquisition, business valuation, capital formation, executive advisory and litigation support services. Its focus is on serving middle-market businesses generating between $5 million and $300 million in revenues. The firm has a wide spread practice and has developed particular expertise and domain knowledge in the IT services, technology, telecommunications, government contracting, finance, logistics and travel and hospitality sectors.
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