General Physics Corporation and Allied Reliability Announce Joint Venture: GPAllied
4/6/2009
March 23, 2009 - Global performance improvement solutions provider General Physics Corporation (GP), a subsidiary of GP Strategies Corporation (NYSE: GPX), announced today that it has entered into an agreement to form a joint venture with Allied Reliability, Inc. (Allied), a global engineering firm specializing in predictive maintenance and reliability engineering, to address global client needs in changing corporate climates. The joint venture, called GP Allied, will provide diverse reliability and operations consulting and services. GP and Allied believe that by combining their resources, the joint venture will be able to develop significant value propositions for clients by delivering solutions across different industries, different geographies and across different aspects of any operation.
GP and Allied will contribute to the joint venture extensive experience in the specialty fields of Lean, Reliability Engineering, Six Sigma, Condition Monitoring, Change Management, Maintenance Planning and Scheduling, Workforce Development and Maintenance Craft Skills training. GP Allied is expected to have a global presence, with local footprints in the Americas, Europe, and the Asia-Pacific region. The joint venture will be focused on serving clients in asset-intensive industries, like petrochemical, mining, energy, manufacturing, food and beverage, and life sciences to name a few. The GP Allied joint venture will bring together unique capabilities and synergistic strengths of two thought leaders and allow for global implementation never before realized by the industry. GP and Allied will unveil the new joint venture at the Reliability Centered Maintenance Managers’ Forum (RCM-2009) in Daytona Beach, Florida, on March 23, 2009. Representatives of GP Allied will conduct eight presentations and workshops at the conference. Doug Sharp, President, and Chuck Kooistra, Senior Vice President of GP, and John Langhorne and John Schultz, Partners of Allied Reliability, will also attend the conference.
GP and Allied believe that The formation of GP Allied began when Mr. Kooistra and Mr. Schultz discussed candidly what their global clients were asking for and identifying the extraordinary talent within the ranks at their respective firms. It became instantly apparent to both men that the combination of the two companies would bring significant differentiators to their global customers. The result is the joining of People, Processes and Technologies in one total package never before realized - now available to the global marketplace. GP Allied will bring inspired solutions, reliable results, and global reach to clients looking
to do more than survive during these tremendously tough economic times. The capabilities of this joint venture should be attractive to manufacturers looking to reduce production costs and achieve increased ROI by utilizing optimized processes and reliability.
About Allied Reliability
Allied Reliability helps companies build wealth and competitive advantage through world-class predictive maintenance and reliability across a global manufacturing network. Allied Reliability is one of the largest consulting, engineering and service firms focused on predictive and preventive maintenance. Allied Reliability is the industry leader in designing and implementing a customized, integrated approach for identifying defects in assets utilizing predictive maintenance (PdM) and condition monitoring (CBM) services and has developed an innovative method of reliably measuring Return on Capital Investment in Asset Management. Utilizing Life Cycle Costing and advanced engineering methods, Return on Asset Reliability or (ROARâ„¢) modeling has been successfully utilized by clients on many levels including Enterprise, Business Unit, Plant, Process, System, Asset, Component and Failure Mode. Allied Reliability provides Reliability training, Reliability Engineering consulting and PdM technical services to over 200 plants and facilities in the U.S., Canada, Europe and Latin America. Additional information may be found at http://www.alliedreliability.com .
About GP
GP is the principal operating subsidiary of GP Strategies Corporation (NYSE: GPX). GP is a global performance improvement solutions provider of sales and technical training, e- Learning solutions, management consulting and engineering services. GP’s solutions improve the effectiveness of organizations by delivering innovative and superior training, consulting and business improvement services, customized to meet the specific needs of its clients. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers. Additional information may be found at http://maintenance.gpworldwide.com.
