Charlotte, NC; May 31, 2006 - DecisionPoint International, a boutique investment bank providing merger and acquisition services to middle-market services and technology clients, announced today that its client, Parks Consulting has reached an agreement to be acquired by Alexandria, VA-based Robbins-Gioia, LLC, the leading provider of program management services.
“I am excited to have found such a compatible company to help us expand upon the business relationships we have built over the past decade in the financial services sector and I am confident that Robbins-Gioia’s president, Mike Sledge, will provide the leadership, strategic direction, and resources needed to realize the vision I had for our company,” noted Parks Consulting founder Penny Parks. “Robbins-Gioia’s depth and breadth in program management and process improvement makes them a great fit for our clients and employees, and the company’s core values are also in line with ours. We’re excited to be able to offer our clients the benefits of this expanded base of expertise, and to have R-G’s help in expanding our business to better serve additional financial services markets.”
Parks Consulting was attractive to Robbins-Gioia because of its deep expertise in banking and regulatory compliance, and its strong regional presence not only in Charlotte, North Carolina, but also within the Financial Services Industry. The company is committed to remaining in the area and continuing to enhance its services offered to the financial services sector. Don Holbrook, a DecisionPoint Managing Director, commented: “Parks’ reputation and domain expertise in the financial services sector will be an important component to Robbins-Gioia’s strategy to expand its commercial business.”
The transaction takes effect on June 1, 2006.
About Parks Consulting
Parks Consulting is a management consulting firm that provides mission critical Program and Project Management services. Founded in 1995, the Company has evolved from a regional project management boutique to a national management consulting firm specializing in the Financial Services Industry with clients such as Bank of America, Wells Fargo and Wachovia. For more information, please call Parks Consulting at 704-714-6200, or visit the web site at www.parksco.com.
About Robbins-Gioia, Inc.
Robbins-Gioia has been dedicated to delivering management consulting solutions to government agencies and Fortune 500 companies for 25 years. Robbins-Gioia combines thought leadership, disciplined processes, industry-based knowledge, and integrated tools to help global customers optimize their business processes, accelerate change, and establish time, cost, and quality improvements to transform their businesses. For more information, please call Robbins-Gioia, LLC at 800-663-7138, or visit the web site at www.robbinsgioia.com.
DecisionPoint is a global leader in M&A advisory services for middle-market technology companies in the services, software, and communication sectors. For additional information on DecisionPoint, visit www.DecisionPointINT.com.
For further information, contact: Doug Ellis, Managing Partner; (704) 916-9070; DEllis@DecisionPointINT.com.