The intervention measures made by IAP Worldwide, came hot on the heels of a reported eventuality: Hurricane Matthew. The foremost intervention was provision of emergency power by the personnel deployed. The level of professionalism and competence was yet again on show as IAP moved to counter this disaster. With experience in disaster management during other hurricanes: Katia and Sandy, IAP did not disappoint.
Apart from the provision of emergency power, IAP Worldwide workers also brought in expert personnel, communication systems and commodities for the local. IAP kept close communication with the USACE, a group of U.S army engineers, to plan and execute counter measures.
Kaye Scholer advocates were responsible for overseeing the restructuring of IAP, which owed over $450 to its lien lenders. Restructuring required the assistance of government departments to ensure there was compliance with the law. The National Security team was not left behind in these talks and engagement.
To dispel fears by investors, IAP’s worldwide president pointed out that the restructuring measures were in the hands of experts. The president assured investors that once the restructuring process was over and done with, the company would be able to invest better and grow in the short run. The new ownership has gained the support of the employees as they feel that they are in safe hands. IAP Global Services will now be the holding company with a new board constituted.
Kaye Scholer Represents Lender Group in IAP Worldwide Restructuring
IAP Worldwide Services Division Develops Afghanistan’s Air Traffic Control System
IAP Worldwide has a rich history of growth. IAP’s 1990 contract saw the company send generator supplies to Saudi Arabia for the American troops stationed there. IAP services were also sought during operation Desert Storm. IAP continues to get contracts owing to its history of execution and professionalism. It delivers generators, and engages in disaster relief among many other services.
IAP’s acquisition of G3, a British Company, ensured it had a market in Britain. Now IAP can offer Europe technical services, logistics and base support operations. G3 also operates and maintains equipment around the world. This new acquisition put IAP in the global market making it more competitive. IAP also acquired another company in 2005: JCWS
IAP Worldwide promises to rise even further under new management. Upon the conclusion of the recapitalization and restructuring efforts, management will pay attention to strategic plans to help the company sore. Already, IAP has its presence in about 20 countries where it supports close to 175,000 personnel. As for the military installations, IAP does this beyond America spreading to Europe and the Middle Eastern countries.
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