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MANAGEMENT BUYOUT OF IPSA INTERNATIONAL, INC. ANNOUNCED
Phoenix, AZ, November 1, 2005 - IPSA International, Inc. an international investigative consulting firm announced today that it has been acquired by a group of its senior management team, lead by President & CEO Dan Wachtler. Specific terms were not disclosed.
The firm also announced that the company's Headquarters would be relocated from San Francisco, CA to Phoenix, AZ effective January 1, 2006.
In addition to Mr. Wachtler, the senior management team involved in the transaction included: Geoff Doyle, Managing Director New York office and Anti-Money Laundering Practice Chair, Alberto de la Portilla, Managing Director Miami office and Due Diligence Practice Chair, Jon French, Managing Director Mexico City office and Kim Marsh, Managing Director Vancouver British Columbia office and Asset Location and Recovery Practice Chair.
While building on expertise in their Fraud, Asset Location and Recovery and Intellectual Property practice areas, the new ownership is putting significant investment in the Anti-Money Laundering (AML) and Due Diligence practice areas. As part of the firm's overall strategy, they will be expanding the company’s international reach, which currently provides services in over 75 countries.
"We are excited about this opportunity and the future of IPSA International. Our team has always taken pride in the services that we provide and we are confident that this transaction will only increase the dedication to our clients' needs," noted Mr. Wachtler. "Corporate governance, fraud, counterfeit products, terrorist financing and money laundering are serious problems affecting all of us and IPSA International is focused on building its resources to better assist our clients in combating these issues."
About IPSA International, Inc.
IPSA International, Inc. is an international risk advisory firm which provides clients in the corporate, financial and legal communities with high-end investigative consulting services. IPSA's preferred practice areas are: Anti-Money Laundering, Intellectual Property,
Asset Location, Fraud Investigations and Due Diligence services.
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