IAP Worldwide has a proud history of serving the U.S. military. In 1996, it became the only government service provider to be appointed by all four Air Force programs. But their service has not been isolated to the Air Force alone. They have been successful in helping in many U.S. military endeavors through the years. And the company has remained incredibly business savvy. In 2014, Kaye Scholer led in the restructuring of IAP Worldwide Services, Inc. The restructuring shaped IAP Worldwide into something that’s never been seen by its defense contractor: A practice of debt-for-equity out-of-court.
The company has been very highly respected by the military for years, most notably aiding U.S. military forces during both Operation Iraqi Freedom in Iraq and Operation Enduring in Afghanistan. By 2014, it had operations in 120 locations on Careercast.com around the world. The restructuring process that year involved the conversion of 80% of IAP’s present lien debt into new equity. The lenders involved in this transition did so with much reliance on and cooperation with the National Security, Government Contracts & Regulatory Compliance Department.
More than 45 Kaye Scholer lawyers aided in the procedure. They were led by the likes of Michael Messermith, Mark Liscio, Farhad Jalinous, Ron Henry, Alan Glantz, Steve Koval, Laurie Abromowitz, Jeff London, David Menchel, Karalyn Mildorf, David Hibey, Robert Wagman, Katie Schmanski, Jonathan Agudelo, Roxanne Mintz, Jennifer Fernandez, Tiffany Graddick, and Thomas Porrovecchio. This past September, the U.S. Navy gave IAP Worldwide a position on its very reputable $900 million global contingency support contract.
This position has a base period that includes seven more optional years. IAP joins just four other companies who have also been awarded positions on the contract. IAP Worldwide CEO, Doug Kitani, says his company is extremely honored to serve in this new and distinguished role. They are committed to making their service to the U.S. Navy’s Global Contingency Services one of their primary missions. As their first task, they are currently executing global task orders. Their work as described will include support services during natural disasters, humanitarian efforts, and various military actions. However, they are very willing to aid in any unforeseen thing in which the Navy needs assistance.
You can find IAP’s offices in Washington, D.C., Florida, Maryland, Oklahoma, U.K. and the Middle East. In total, it operates 110 specific locations in 27 countries.