CPS Professional Services, LLC 8260 Willow Oaks Corporate Drive Fairfax, VA 22031 October 8, 2014 For Immediate Release Fairfax, Va. – Sterling Capital Group Partners (“Sterling”), a veteran-founded private equity firm, announced it has acquired a controlling interest in CPS Professional Services, LLC (“CPS”), a management consulting firm specializing in enterprise performance improvement and business transformation services. Through this acquisition, Sterling offers both operational expertise and strategic vision to support and enhance CPS’s growth under the leadership of the current President & CEO, Phil Panzarella and the COO, Tom Arnsmeyer. “CPS is proud of our track record of innovation, as well as our commitment to excellent service for our clients,” said Panzarella. “We are excited about this partnership with Sterling, which will provide deep operational expertise and resources to keep CPS at the forefront of our industry. There is an excellent cultural alignment between our firms and this investment will allow us to continue to provide superior solutions for both new and existing customers while strengthening our ability to quickly introduce new services and broaden our suite of solutions and offerings as a veteran owned small business.” The Sterling team takes a long-term perspective in the development of its portfolio companies and seeks to invest in opportunities with immediate growth potential where Sterling’s founding partners can offer operational expertise and strategic insights. “Sterling is pleased to announce this strategic partnership with Phil Panzarella and CPS,” said Sterling Chief Investment Officer, Nicholas Veasey. “Phil and his management team have done an outstanding job of growing CPS’s business, and we look forward to working with them to build on that success and help CPS realize its exciting growth potential through the addition of our team’s experience, knowledge and connections.” The deal was financed through M&T Bank and closed on Thursday, September 18, 2014. About CPS CPS Professional Services (CPS), headquartered in Fairfax, VA, assists defense, civil federal and commercial clients in resolving complex business problems with core competencies in Enterprise Performance Improvement Management Systems (EPIMS) and integrated support services. CPS, a certified service-disabled veteran-owned small business, is a contract holder of GSA MOBIS, GSA CPI, the DUSA Advisory and Assistance Services, Navy Seaport-e, FAA and USPS prime contracts. CPS Professional Services, LLC 8260 Willow Oaks Corporate Drive Fairfax, VA 22031 571-282-4024 About Sterling Capital Group Partners Sterling is a veteran-founded, entrepreneurial investment fund formed to grow companies through venture investment, expansion capital and acquisitions. Led by a team of former senior government officials, Sterling has been actively targeting investments in the federal contracting industry. CPS represents the firm’s first investment in the industry. Point of Contact: Nicholas Veasey, Principal, Sterling Capital Group Partners, (571) 327-2034 Phil Panzarella, CEO, CPS Professional Services, (571) 282-4024 (###) CPS Professional Services, LLC 8260 Willow Oaks Corporate Drive Fairfax, VA 22031 571-282-4024
© Copyright 2024