GRS Receives Minority Investment from FedCap Partners

RESTON, Va., July 8, 2011 /PRNewswire/ -- Global Resource Solutions, Inc. ("GRS"), a leading provider of mission and operational support solutions to the Department of Defense ("DoD") and intelligence community, has received a minority investment from FedCap Partners, LLC.

Founded in 2006, GRS has achieved significant growth over the last five years, winning key contracts within the DoD and intelligence community to support its customers' missions.  GRS has a bi-coastal presence with offices in Tumwater, Washington, and Alexandria, Virginia.  GRS employs a significant number of Veterans and a vast majority of employees hold security clearances.  Recently the Company won a high profile contract within the intelligence community to provide mission and strategic support.

"We are very impressed with the Company's management and corporate capabilities as well as its commitment to its customers and employees," stated Rick Knop, Managing Member of FedCap Partners. "We are pleased to join GRS as a partner and look forward to a successful relationship."

In conjunction with the investment, Leslee Belluchie, Managing Member at FedCap Partners, has joined the Company's Board of Directors.  In addition, Janet Simmons, former GRS Executive Vice President and Chief Operating Officer, will serve as the President. Foster Payne II, a retired Army Military Intelligence Officer and industry professional with extensive experience supporting the federal government, joined GRS in June and has assumed the Chief Operating Officer role.

GRS's Chairman and CEO, Tony Williams, stated, "We are excited about partnering with FedCap Partners.  Their investment and in-depth expertise within the government contracting industry will further enhance our services and solutions in support of our customers' missions."

FedCap Partners, headquartered in Reston, Virginia, is a private equity group exclusively focused on making minority or majority investments in small and middle market government contractors. Since launching in early 2010, FedCap Partners has made four investments. More information on FedCap Partners can be found at www.FedCapPartners.com.

SOURCE FedCap Partners, LLC