GP Strategies Corporation was founded in 1959 as a venture capital firm focusing on technology companies. In 1960 it went public. In 1986, NPDC purchased majority ownership of General Physics Corporation, which was established in 1966. 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 ownedoperating 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. Today, GP Strategies serves a variety of industries, including aerospace, automotive, pharmaceutical, financial, healthcare, electronics, food & beverage, energy, metals, process industries, petrochemical, and telecommunications, as well as state, local, and federal governments.
Company Structure
GP Strategies currently operates with four operating segments: Learning Solutions, Professional and Technical Solutions, GP Sandy and Performance Readiness Solutions.
This segment provides training, consulting, engineering and technical services, including lean consulting, emergency preparedness, safety and regulatory compliance, chemical demilitarization and environmental services primarily to large companies in the manufacturing, steel, pharmaceutical and petrochemical industries, federal and state government agencies, and large government contractors.
GP Sandy
The GP Sandy segment provides custom product sales training and serves manufacturing customers in the US automotive industry.
Performance Readiness Solutions
This segment provides performance consulting and technology consulting services, including platform adoption, end-user training, change management, knowledge management, customer product training outsourcing and sales enablement solutions in industries such as manufacturing, aerospace, healthcare, life sciences, consumer products, financial, telecommunications, services and higher education as well as the public sector.
Leadership
GP Strategies Corporation reported that Scott N. Greenberg would step down from his position as Chief Executive Officer of the Company and will stay as Chairman of the Board of Directors and Senior Advisor. The Board of Directors named Adam H. Stedham, currently Ceo of GP Strategies and a 23-year veteran of the Group, as Interim Chief Executive Officer and elected as a director of the Board, effective June 9, 2020. Mr. Stedham will also resume his position as President.
