Investor Relations
History/Timeline
GP Strategies Corporation, was founded in 1959 under the name National Patent Development Corporation (NPDC)as a venture
capital firm focusing on technology companies. In 1960 it went public.
In 1986, NPDC purchased majority ownership of General Physics Corporation (GP),
which had been founded 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 2002, GP Strategies decided to focus on its training, engineering and consulting business operated by GP and embarked on a plan to spin-off its 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.
Today, GP is the principal operating subsidiary of GP Strategies. GP serves a variety of industries including aerospace, automotive, pharmaceutical,
electronics, food & beverage, energy, metals, process industries, petrochemical,
and telecommunications, as well as state, local, and federal governments. Its service
offerings have also grown to meet the needs of its customers. GP delivers training,
performance improvement services, training business process outsourcing, lean consulting
and operational excellence consulting, engineering, construction management, homeland security services, and many other
services that improve an organization’s operating performance and competitiveness.
History/Timeline
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1959
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National Patent Development Corporation (NPDC) was founded
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1960
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NPDC went public
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1966
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General Physics Corporation (GPC) was founded
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1982
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GPC first public offering
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1986
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NPDC acquired majority ownership in GPC
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1991
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GPC second public offering
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1997
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NPDC acquired 100% ownership of GPC which was 98% of NPDC's operating capital
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1998
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NPDC changed its name to GP Strategies Corporation and became a listed company on the New York Stock Exchange under the ticker, GPX
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1998
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General Physics (UK) Ltd. acquired substantially all assets of Specialised Technical
Services Limited, establishing European operations
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1998
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GPC acquired substantially all of the assets of The Deltapoint Corporation, establishing a lean consulting practice
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2004
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GP Strategies spun off NPDC to its stockholders (Distribution date: November 24, 2004; Record date: November 18, 2004). Subsequent to the spin-off, the newly formed NPDC consisted of the spun off assets and became a separate publicly traded company quoted on the OTC Bulletin Board under the ticker, NPDV.OB.
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2005
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GP Strategies spun off GSE Systems , a majority owned subsidiary, leaving General Physics Corporation as its remaining operating subsidiary
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2006
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GP Strategies eliminated all outstanding Class B supervoting shares (January 2006)
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2006
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General Physics (UK) Ltd. acquired Peters Management Consultancy (PMC) in the United Kingdom (February
2006)
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2007
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GPC expands global operations with the opening of offices in Chennai, India and Shanghai, China, growing its presence in the Asia-Pacific region
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2007
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GPC acquired Sandy Corporation from ADP, Inc. and became a leader in product sales training (January 2007)
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2007
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General Physics (UK) Ltd. acquired Smallpeice Enterprises Limited in the United Kingdom, expanding its European operations and lean consultancy practice (June 2007)
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2007
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GPC acquired Via Training LLC, expanding its e-Learning and product sales training capabilities (October 2007)
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2008
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GPC acquired Performance Consulting Services, Inc. (PCS), expanding its service offerings to the energy sector (March 2008)
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