| GP Strategies Corporation | |
| Foundation: | 1966 |
| Location: | Corporate headquarters in Columbia, Maryland. |
| Area Served: | Worldwide |
| Key People: | Russell Becker(CO-CEO) William Maggio(CO-CEO) Michael Dugan (CFO) |
| Industry: | Professional services |
| Services: | Managed Learning Services; Learning Content Design & Development; Consulting; AI Readiness, Integration & Support; Leadership Development & DEI; Technical Training; Learning Technologies & Implementation |
| Num Employees: | 4,200 (May 2024) |
GP Strategies Corp. (NYSE: GPX;[1] formerly General Physics Corporation) is a global provider of talent transformation services headquartered in Columbia, Maryland. The company offers learning and development solutions to help organizations achieve change through their workforce.
GP Strategies employs a staff of learning specialists who support initiatives such as skill development, learning technology implementation, and process refinement. The company's services include consulting to help organizations align their vision and strategy for better business results and growth, learning services, and a range of technologies to enhance workforce performance and support talent transformation.
GP Strategies was established in 1966 and in 1986, NPDC purchased majority ownership of General Physics Corporation ("GP" or "General Physics"). 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 owned operating 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.[2]
In July 2021, it was reported that London-based Learning Technologies Group would acquire GP Strategies Corporation.[3]