About Louis Berger Services, Inc.
Louis Berger Services, Inc.
was founded on a strong history and a recognized brand in predecessor operations. Starting in early 1997, our predecessor aerospace/defense businesses were founded in Greenville, South Carolina. Since then, we have successfully transformed several aerospace enterprises, some of these are now the largest and strongest brands in their respective segments in North America. Adding capital, plus strategic, financial and operational expertise, we have created opportunity for employees, quality in operations, and long term capital appreciation for shareholders. Over the years we have created thousands of new jobs, and in our most successful "realized exits," our shareholders have attained superior returns. Now, with a very large new parent company, we are poised for aggressive growth.
In January 2009, we acquired Louis Berger Aircraft Services, Inc., formerly known as CAV International.
Founded in 1996, Louis Berger Aircraft Services, Inc. has grown from a consulting services operation for Department of Defense contractors to a prime contractor providing technical and labor services in support of US Department of Defense Contracts worldwide. With a long-standing (10+years) reputation for its focus on safety, Louis Berger Aircraft Services, Inc. is well known for its diligence in meeting the needs of large, complex, fast track projects. Headquartered in Greenville, South Carolina, Louis Berger Aircraft Services, Inc.’s air terminal, cargo handling, ground handling and passenger terminal operations support the US Air Force’s Air Mobility Command (AMC), US Transportation Command (USTRANSCOM), civilian CRAF transport planes, and other airfield operations. As an example of CAV’s superior capabilities, it has managed the aerial port operation at Abdullah Al Mubarak Air Base, Kuwait since 2006. Visit online at www.cavinternational.com.
In August, 2009, we acquired Louis Berger Logistics Services, Inc., formerly known as US Logistics.
Based in Fayetteville, North Carolina - Louis Berger Logistics Services, Inc. employs a large well-trained workforce that works with the Department of Defense and larger prime contractor customers. Louis Berger Logistics Services, Inc. began providing worldwide repair and recapitalization services for U.S. military vehicles in 2001 as a subcontractor to Stewart & Stevenson Tactical Vehicle Systems (TVSLP). Today, Louis Berger Logistics Services, Inc.’ six divisions provide a variety of support services including the maintenance and modification of tactical vehicles, aircraft corrosion control and maintenance services, warehouse and logistics solutions, human resources outsourcing, and technical staffing. Louis Berger Logistics Services, Inc. has become a recognized segment leader in outsourced services with its well trained, diverse workforce, responsible for the successful execution of various projects in 8 countries and 38 states in the United States. Visit online at www.US-L.com.
Louis Berger Technology Services, Inc., formerly known as Berger TechWorks, provides comprehensive technical and engineering services and adjunct engineering staffing solutions to branches of the DOD, other Government agencies, OEMs, Prime Contractors, and modification & engineering centers. Louis Berger Technology Services, Inc. will support customers with creatively tailored and cost effective engineering for new projects, carve outs for product development, subassembly design, modification engineering, sustaining engineering support, certifications and STC’s (supplemental type certificates), or simple staff augmentation to smooth out manning requirements when rapid growth is being planned or reductions have become necessary. A full range of engineering disciplines will be made available at customers’ sites, tailored to each customer’s needs and electronically linked with the headquarters in Greenville, SC. Visit online at www.bergertechworks.com.
Louis Berger Services, Inc.
has entered into an exclusive strategic teaming agreement with Berger Saudia, a Saudi-owned holding company in Riyadh, Saudi Arabia. Berger Saudia is a subsidiary of Zaff International, Ltd., which is a large industrial company with long relations to government departments of Saudi Arabia, and with major companies such as Aramco. Zaff International is a leader in security and repair services in the Gulf region. Berger Saudia was created to provide commercial and Royal Saudi Air Force engineering services through competitive bidding. Berger Saudia is licensed under the Berger brand, and Louis Berger Services, Inc.’s U.S. subsidiaries will perform as subcontractors to Berger Saudia and other Saudi Arabian aerospace companies. The strong capital strengths of Zaff in the Kingdom, coupled with the very experienced Louis Berger Services, Inc. team, provide a unique combination of aerospace and technical depth, plus extraordinary access to growth capital. The industrial interests for Berger Saudia are many and diverse across the entire spectrum of aerospace/defense, aviation support, airfield equipment, aircraft projects, spares & logistics, airport services, engineering, components, MRO, calibration, and avionics. For more information, please visit www.bergersaudia.com.
Defense spending in the United States is shifting more strongly toward "Operations & Maintenance," which is the segment of the DOD budget from which most of our revenues are derived. The O&M missions of the United States military around the world are likely to remain relatively constant, given the many uncertainties and dangers that persist on many fronts. As new procurements give way to RESET and upgrades, our businesses are advantaged. We make an ideal cost-effective partner for larger companies seeking O&M business, and our many prime contracts stem from highly essential worldwide missions such as airlift and logistics/maintenance support. These macro-economic trends are the backdrop for Louis Berger Service's continuing growth, and our solid prospects for ongoing strategic expansion. On a historical basis, defense spending has averaged approximately 2.0% real annual growth since 1948 and is not believed to be directly correlated to overall economic conditions in the United States or globally. We continuously study our served markets in order to best position our operating units for growth. The continuing trend to outsource non-combat defense support activities is expected to continue.
Strong underpinnings exist in our end user served market channels. We provide airfield and aircraft services for “the world’s largest airline”. We provide technical expertise on the repair, maintenance, modification, warranty, upgrade and overhaul services of the largest assembly of wheeled and tracked tactical vehicles in the history of modern warfare. Both of these huge “Installed Bases” of thousands of aircraft and hundreds of thousands of tactical vehicles provide very long term buoyancy in our served market channels. We complement those served markets with high value-adding engineering, and creative growth ventures with strong partners.
Steve Townes, President & CEO, Louis Berger Services, Inc.
Mr. Townes is an aerospace entrepreneur with 32 years experience running large scale aviation services operations in both the military and civilian arenas. As CEO and founder of Ranger Aerospace, he previously led Ranger’s efforts since its inception in the successful acquisition and growth of various companies in the aerospace/defense sector. Ranger deployed over $400 Million in various buy/sell events, and created 2,400 new permanent jobs over the years. Noteworthy Ranger successes: Aircraft Service Intl Group grew to over 4000 employees (www.asig.com), and Keystone Helicopter was tripled in size (www.keystonehelicopter.com). Steve led the build-up of Ranger International, which was aquired by Berger Group in 2012. In each success, the companies were ultimately sold to huge strategic buyers. While earning superior quality rankings in those ventures, Ranger also yielded up to 51% “IRR” to institutional equity investors. Townes is a West Point graduate, earned an MBA at Long Island University, and is a PMD alumnus of Harvard Business School. He earned the Eisenhower Award upon graduation from West Point, and served in the Army’s Rangers as a young officer before commencing his distinguished aerospace career. Townes also trained as a “Lancero” in Colombia, South America, and has extensive international experiences.
Jeffrey P. Hartman, Executive Vice President and CFO, Louis Berger Services, Inc.
Mr. Hartman holds an active CPA license for the State of Florida and has numerous years of CFO experience in Private and Public Companies. He has over 20 years of aviation industry experience with KPMG, Signature Flight Support and Aircraft Service International Group prior to joining Louis Berger Services, Inc. Growth environments are a specialty of his as all of the companies have experienced rapid above-market growth and as such is fluent in large scale integration efforts. Mr. Hartman has worked with numerous Private Equity Groups such as CIBC, John Hancock, HSBC, AIG, Argosy, ABS Capital, Brantley Partners and the Seligmann Group. Mr. Hartman received his MBA and MA in Accounting from Northeastern University in Boston, MA.