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  • GlobalOptions Group Agrees to Acquire James Lee Witt Associates

    01/18/2006 2:05:26 PM PST · by HAL9000 · 4 replies · 335+ views
    Press release ^ | January 18, 2006
    NEW YORK--(BUSINESS WIRE)--Jan. 18, 2006--GlobalOptions Group, Inc. (OTCBB: GLOI), a leading provider of domestic and international risk management services, today announced that it has entered into a definitive agreement to acquire privately held James Lee Witt Associates (JLWA), based in Washington, D.C., for $6 million in cash and stock, the assumption of certain liabilities and an earn out based upon achieving certain revenue goals. The transaction, which is subject to financing and other conditions, is expected to close in the first quarter of 2006. "James Lee Witt Associates is a major force within the public safety and crisis management...