IAP Worldwide Services is a company based in the U.S that provides professional and technical services for those in the private sectors in the world and government departments. For more than six decades, the company has been providing emergency responses, supply chains, network communications, custom-designed infrastructure, operation and maintenance and also permanent and temporary power services and solutions.
IAP worldwide services are known both on the social media and real life as a reliable and responsive company that always exceeds their client’s expectations. The workers in the company play a significant role in establishing its reputation by adopting their customer’s missions and handling them personally. IAP Worldwide Services has more than 2000 employees and operates in more than 25 countries around the world. Their employment fields range from general managers, accounting, construction, engineering, operations, logistics and many other areas of specialization. The company believes in teamwork, and that is why they bring together individuals with unique talents who are passionate about their future to form a united team of employees.
Several years ago, IAP owed $534 million to their first lien lenders and $125 million to the second lien lenders. To avoid bankruptcy, IAP Worldwide Services hired the services of Kaye Scholer to assist in the capital restructuring. Kaye Scholer is a well-known legal firm in Washington D.C since it has National Security, regulatory compliance department and government contracts. From their expertise, Kaye turned 80% of the first lien debt into equity, bought the second lien debt and also availed 50% million charge account credit line.
IAP Worldwide Services has managed to maintain an excellent reputation which has seen it win bigger and profitable contracts. Recently, the company won a deal with the U.S Army Distributed Common Ground System Contract system where they are expected to provide commanding officers with critical information by posting data, processing information, and disseminating Intelligence, Surveillance, concerning the operational environments, weather and terrain. Also, the company has secured a contract with the US Navy which was worth up to $900 million. In the deal, IAP is to provide the U.S Navy with a full range of military actions, consequent construction in support of natural catastrophes, humanitarian efforts and officeholder breaks in service at locations around the world.
To meet its growth strategy, IAP recently acquired TCNS and OK (A&L) from an aviation and logistic company based in Oklahoma City. Tactical Communications and Network Solutions business (TCNS) provides engineering information technology and communications support, and Ok (A&L) provide aircraft repair management, logistics and mission support. In reaction to Hurricane Matthew, IAP has played a significant role in providing help and power support. Besides, it has posted teams to the support bases on the East Coast and has promised to assist the various critical states as it has always done in the previous hurricanes.
Read more about IAP Worldwide Services on Hoovers