Carl Marks & Co., Inc. Affiliate Sells Resource Consultants, Inc. to Serco Group plc.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- CM Equity Partners, L.P. (CMEP CMEP Churches for Middle East Peace CMEP CM (Carl Marks) Equity Partners CMEP Critical Mass Energy Project CMEP Caisse de Maladie des Employés Privés (French) ), a private equity investment firm and affiliate of merchant bank Carl Marks & Co., Inc., announced it entered into a definitive contract to sell Resource Consultants, Inc. (RCI RCI Royal Caribbean International RCI Radio Canada International RCI Rehabilitation Council of India RCI Residential Communities Initiative RCI Roof Consultants Institute RCI Remote Control Interface RCI Residential, Commercial, Industrial ), to Serco Group Serco Group plc (LSE: SRP) is a Business Services company based in Hook, North Hampshire. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. plc., a leading UK-based service provider. In July 1998, CMEP acquired RCI, a provider of information technology and engineering solutions primarily to the U.S. Department of Defense. Serco will rely on RCI's technology capabilities and relationship with the U.S. Federal Government to gain a competitive advantage in the service contracting market and sustain its aggressive growth platform. Under the terms of the acquisition, RCI will effectively become a U.S.-platform for Serco while its management team will continue as part of a larger Serco North America organization. Because it is a UK-based company acquiring a U.S.-based company, approval is expected within 90 days for Serco to obtain necessary clearances relating to the U.S. Treasury U.S. Treasury Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S. Committee of Foreign Investment and Hart-Scott-Rodino regulations. Founded in 1925, Carl Marks & Co., Inc. is a leading merchant bank in New York comprised of six affiliates. Its principal investing group includes CM Equity Partners, CMNY Capital, L.P. and affiliates, a venture capital group, Carl Marks Real Estate Group and Carl Marks Strategic Investments, LP, distressed company investors. Carl Marks Consulting Group LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , one of the nation's premier corporate revitalization consulting firms, and Carl Marks Capital Advisors LLC, the investment banking affiliate, comprise its advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal arm. About CM Equity Partners: CM Equity Partners is a private equity investment firm focused on middle-market companies operating primarily in North America. Since 1994, CMEP has acquired 29 companies, approximately half of which serve primarily the U.S. Federal Government. CMEP is comprised of CM Equity Partners, L.P. and CM Equity Partners II, L.P. About RCI: Founded in 1979, RCI operates from more than 100 branch offices and field locations throughout the U.S., Europe and Asia. In 2003, the company's revenues totaled $270 million, and it has projected $294 million in revenues for 2004. The firm is headquartered in Vienna, VA and has more than 3,000 employees. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion