Novume Solutions, Inc. Intends to Acquire BC Management, Inc.
CHANTILLY, VA / ACCESSWIRE / October 23, 2017 / Novume Solutions, Inc. (OTCQX: NVMM; OTCQX: NVMMP; OTCQX: NVMMW), a holding company of leading professional services firms, announced today that it entered into a letter of intent with BC Management, Inc. which sets forth the parties' intent for Novume to acquire BC Management. BC Management is a privately-held, Huntington Beach, CA-based company that is internationally recognized as a leading executive search firm for business continuity, disaster recovery, crisis management and risk management professionals.
Should the acquisition take place, BC Management would become part of Novume's specialized crisis and risk management division joining Firestorm Solutions, LLC, a wholly-owned subsidiary of Novume.
The transaction is subject to customary closing conditions including satisfactory completion of due diligence, negotiation and entry into definitive agreements, and approval of the transaction by the Novume board of directors.
Firestorm Solutions is a leading crisis and risk management firm and America's Crisis Coach®. Jim Satterfield, Firestorm's CEO, said, "BC Management has a history of providing unparalleled services in the highly-specialized personnel staffing sector and is an industry leader in benchmarking and analytics. They are a perfect match to join Firestorm and will enhance our existing crisis and risk expertise across a wide spectrum advisory services while strategically aligning with Novume's strategy to grow in the staffing industry. We are eager for BC Management to join the Firestorm team."
Cheyene Marling, BC Management's President, said, "We're enthusiastic to join the Firestorm family of Novume. At BC Management, no one is more important to us than the people we serve and joining a growing and dynamic organization will enable us to better create solutions and pursue new growth opportunities."
Novume continues to expand its suite of services to enable the company to help its clients manage their workflow and people in the most efficient manner with Novume's end-to-end solutions for both large and small companies.
Additional information regarding the transaction is available in our Current Report on Form 8-K filed with the Securities and Exchange Commission (the "SEC") on October 23, 2017, and also available on the SEC Filings page of the Novume website.
About Novume Solutions, Inc.
Novume is a holding company of leading professional services firms. These firms aggregate highly-specialized, difficult-to-find talent and have the scale and systems to deploy that talent efficiently at the enterprise-level at a moment's notice. Novume focuses on the logistics of procuring highly-specialized human resources and delivering critical definitive knowledge to the right place at the right time. Whether we manage our client's workforce or provide them with the tools to manage their own success, they need exceptional people with distinctive experience. We do that.
Novume subsidiaries have had a history of success dating as far back as 1983, and their clients include 87 of the top-100 federal contractors, as well as numerous Fortune 100 companies.
For more information, please visit Novume.com.
About BC Management, Inc.
BC Management, Inc., founded in 2000, is an executive staffing and research firm solely dedicated to the business continuity, disaster recovery, risk management, emergency management, crisis management, and information security professions on a worldwide basis. As a leader in specialized talent, BC Management provides contract and direct-hire staffing services to crisis and risk industry while supporting 60,000 business continuity, disaster recovery, crisis management, risk management professionals from entry-level to global executives in over 90 countries. Coupled with the staffing expertise, BC Management is a recognized leader in business continuity research with annual studies covering compensation assessments, program maturity effectiveness, event impact management reviews, IT/ resiliency, and critical supply analyses.
For more information, please visit: bcmanagement.com.
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Novume Solutions, Inc.
Carl Kumpf, CFO
SOURCE: Novume Solutions, Inc.