Defense contracting firm, MRP Training Solutions, Inc. announced today that it has acquired the assets of M.R. Popovich & Co., a San Diego based training company.
MRP Training Solutions Inc. (MRP) delivers efficient, cost-effective, and repeatable training solutions and engineering support for Navy Command, Control, Communications, Computers and Intelligence (C4I), Tomahawk weapons systems, and Information Dominance. Their cadre of instructional designers, curriculum managers, technical instructors, and systems engineers provides training solutions to the US naval forces. There courses help leaders, operators, and technicians understand every facet of the naval warfighting decision making cycle, thereby enabling the decision makers to make better decisions faster.
MRP’s decision to make this acquisition was easy. M.R. Popovich & Co has a strong and loyal customer base and excellent business processes. MRP looks forward to working with the President of M.R. Popovich & Co, Reed Popovich, to combine best practices and provide the best possible technical and management training to our customers.
“We are extremely pleased to have successfully completed the acquisition of M.R. Popovich & Co.,” said MRP CEO, Andrew Hayes. “The acquisition provides us with an excellent opportunity to continue to execute on our investment strategy. M.R. Popovich is a well-established training business with over 20 years of operating history, in a very stable industry. They have a long-dated history of consistent profitability and cash flows, strong customer and prime-contractor relationships and, perhaps most importantly, is led by a highly experienced and capable team. These factors represent the cornerstones of our investment strategy. We are very excited to be the new owners of M.R. Popovich & Co. and look forward to working with the existing management team and employees to provide the highest quality training and support services to our customers.”
The acquisition was completed on January 15, 2015. Financial terms of the transaction will not be disclosed. For more information please visit www.mrp-tsi.com.
MRP Training Solutions, Inc.
MTSI, a California corporation, has been in business since 2014. As a small, service connected disable veteran owned business, headquartered in San Diego, MTSI provides command and control, computer, communications, and combat systems training and engineering support to military customers in California, Florida, Hawaii, Virginia, Washington, and Japan.