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Business/Financial

Investment Consortium To Acquire Government Consulting Firm LMI

By Cal Biesecker

Tuesday, July 12th, 2022

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Investment Consortium To Acquire Government Consulting Firm LMI

Doug Wagoner, president and CEO of LMI. Photo: LMI

The government consulting firm LMI on Tuesday said it has agreed to sell its for-profit-subsidiary, which will retain the LMI name, to an investment consortium that will focus on positioning the company for growth. The deal is expected to be completed in the third quarter of 2022. After the sale closes, the remaining entity will rebrand as the non-profit NobleReach Foundation, which will focus on working with government, industry and academia to develop innovative approaches and thinking, and identify emerging…

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