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GlobalOptions Group Acquires James Lee Witt Associates
NEW YORK – GlobalOptions Group, a provider of domestic and international risk management services, acquired 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.
“James Lee Witt Associates is a major force within the public safety and crisis management industry, led by its esteemed founder and visionary, James Lee Witt,” stated Dr. Harvey W. Schiller, chairman of GlobalOptions. “The acquisition of JLWA is a transformational event for the company in the execution of our strategy to build the premier global risk management company in the highly fragmented, multi-billion dollar risk mitigation industry. JLWA’s expertise and global reputation gives us unparalleled experience and a broader geographic presence and expanded service offering to meet the growing demand among global corporations for a one-stop-solution to all corporate and public safety and security needs.”
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