MINNEAPOLIS (PRWEB) January 20, 2018
Today DECO, Inc., a provider of law enforcement and military training, security solutions, and specialized technical services, announced that Chief Executive Officer, Derek J. Dorr, has acquired company shares owned by founder and Chairman Robert A. Dorr.
“With DECO’s recent contract wins we have secured healthy, continued growth for the coming years which stands to exceed all projections. Robert, my leadership team, and I all felt this was the best time to complete the transition in ownership. After being out of day-to-day operations for years, he is ready to fully step out of the business and into full retirement,” said Derek Dorr.
“My leadership team is poised to effect sustained growth in the near and long term. With renewed market optimism fueled by increased defense spending, tax reform, and a shift back to best value contract evaluations, DECO is in an optimal market position for continued success,” Dorr added.
The acquisition of Robert’s interest makes Derek the sole owner of DECO after over 20 years with the company. As the sole owner, Derek will transition into the role of Chairman and is proud to announce the following key appointments to the management team:
Jeff Gibson, Chief Executive Officer
Formerly DECO’s President, Jeff Gibson has been with DECO since 2009 and has been instrumental in orchestrating the company’s steady growth and position as a leader in the training industry. As a retired U.S. Navy SEAL officer and an experienced executive, Gibson possesses nearly 30 years of leadership experience in the defense industry and military space. Gibson is a graduate of the University of Missouri, and holds a master’s degree from the John M. Olin School of Business at Washington University in St. Louis.
Brad Gresham, Chief Operating Officer
Brad Gresham joined DECO in 2017 as Senior Vice President, bringing with him 25 years of management and operations experience. His background and experience include military service as a U.S. Navy SEAL, international Fortune 100 business leadership, and defense industry leadership and consulting. Gresham is a graduate of the United States Naval Academy, and possesses a master’s degree from the John M. Olin School of Business at Washington University in St. Louis.
Alexander Monroe, Chief Financial Officer
Alexander Monroe joined DECO in April 2017, bringing with him more than 15 years of corporate finance and investment banking experience, as well as having led corporate development groups for two Fortune 100 companies. As the CFO, he will be responsible for overseeing accounting, finances, and financial risk management of the company. Monroe holds a master’s degree in international finance from the Thunderbird School of Global Management.
Founded more than 30 years ago, DECO, Inc. is a leading global provider in law enforcement and military training, security solutions, and other technical services to the United States Government. With headquarters in Minneapolis, MN and operations out of Virginia Beach, VA DECO has a global presence in over 75 counties. DECO specializes in providing personnel that excel in challenging environments where every action demands strict accountability, situational awareness, and unique knowledge applied from years of leadership. DECO provides uniquely qualified law enforcement and military veterans to meet our customer’s training, security, and technical requires wherever they are needed in the world. They utilize their significant global footprint and deep bench of experts to design and deliver high quality, turnkey solutions in dynamic locations deemed important to U.S. security interest in an impactful, sustainable, and accountable manner.
For more information, please contact:
Stephanie Magyera Semanko, Vice President of Business Development
ssemanko(at)deco-inc.com. 800-968-9114, ext 115