Logistics Management Institute

Last updated
LMI Government Consulting
Company typePrivate company
Industry Management consulting services
FoundedOctober 3, 1961
Headquarters Tysons Corner, Virginia, U.S.
Key people
Doug Wagoner
President and CEO
OwnerDeclaration Partners, Capitol Meridian Partners, and 22C Capital

LMI is a management consulting firm. Established as a private, non-profit organization in 1961, LMI is headquartered in Tysons, Virginia, near McLean, in the Greater Washington, D.C. area, with satellite offices located throughout the United States. [1]

Contents

History

In September, 1961, Secretary of Defense Robert McNamara sent a memorandum to President John F. Kennedy, recommending the creation of an independent organization that could provide logistics management services and related research to the federal government. With Kennedy's support, the Logistics Management Institute (LMI) was founded three weeks later on October 3, 1961. Initially based out of an office in The Pentagon; LMI consisted of fewer than a dozen employees at its formation.

During the following year, LMI grew considerably, more than doubling its staff and relocating to a new office. Despite congressional interest in de-funding the organization during the early 1970s, LMI managed to remain solvent by expanding its market to include other government agencies, though it remained primarily focused on the servicing the Department of Defense.

Steady growth continued throughout the late 1970s and into the following decade. In 1984, LMI moved its headquarters to Bethesda, Maryland. The following year, Deputy Secretary of Defense William Howard Taft IV designated LMI as a federally funded research and development center (FFRDC), precluding it from competing with profit-seeking firms. Significant growth, coupled with funding caps imposed by Congress on FFRDCs in the 1990s, proved burdensome, however, and in 1998 LMI was returned to its initial status as a not-for-profit. [2]

In 2013, developers broke ground for Tysons Overlook, an 11-story office complex in Tysons, Virginia, adjacent to the headquarters of Gannett/USA Today. As of 2014, LMI occupies six floors within the facility, which houses its current headquarters. [3]

In 2022, LMI sold its for-profit subsidiary to a consortium of investment firms. The remaining nonprofit entity will re-brand as NobleReach Foundation™. [4]

Acquisitions

In 2004, LMI acquired The Bureaucrat, Inc., a non-profit organization that publishes The Public Manager, a quarterly journal covering public management issues, [5] and, the following year, formed the LMI Research Institute, which conducts research for the organization, both internally and through academic partnerships with several research universities in the United States. [6] In 2008, LMI purchased Jasmah Consulting, which was reorganized as the Intelligence Programs group within the organization's existing infrastructure. [7] In 2019, LMI acquired two companies, The Tauri Group, a government contracting firm confronting national and homeland security challenges, [8] and Clockwork Solutions, a firm based in Austin that offers a predictive analytics software platform. [9] LMI established a wholly owned subsidiary, LMI Consulting, in April 2020. In 2021, LMI acquired Suntiva, a digitally based business transformation company focused on public health and defense and headquartered in Falls Church, VA. [10]

Related Research Articles

The Mitre Corporation is an American not-for-profit organization with dual headquarters in Bedford, Massachusetts, and McLean, Virginia. It manages federally funded research and development centers (FFRDCs) supporting various U.S. government agencies in the aviation, defense, healthcare, homeland security, and cybersecurity fields, among others.

American Management Systems was a high technology and management consulting firm, founded in 1970 by a group of five former Defense Department officials who had worked under Robert McNamara in the Kennedy and Johnson administration. The company grew throughout the 1980s and 1990s, implementing key systems such as the accounting system for New York City and The Standard Procurement System for the United States Department of Defense. The company was acquired by Canada's CGI Group in 2004, with AMS's federal defense business being acquired by CACI.

LMI may refer to:

The Aerospace Corporation is an American nonprofit corporation that operates a federally funded research and development center (FFRDC) in El Segundo, California. The corporation provides technical guidance and advice on all aspects of space missions to military, civil, and commercial customers. As the FFRDC for national-security space, Aerospace works closely with organizations such as the United States Space Force (USSF) and the National Reconnaissance Office (NRO) to provide "objective technical analyses and assessments for space programs that serve the national interest". Although the USSF and NRO are the primary customers, Aerospace also performs work for civil agencies such as NASA and NOAA as well as international organizations and governments in the national interest.

<span class="mw-page-title-main">Jacobs Solutions</span> American engineering company

Jacobs Solutions Inc. is an American international technical professional services firm. The company provides engineering, technical, professional and construction services, as well as scientific and specialty consulting for a broad range of clients globally, including companies, organizations, and government agencies. Jacobs has consistently ranked No. 1 on both Engineering News-Record (ENR)'s 2018, 2019, 2020, 2021, 2022 and 2023 Top 500 Design Firms and Trenchless Technology’s 2018, 2019, 2020 and 2021 Top 50 Trenchless Engineering Firms. Its worldwide annual revenue reached over $14 billion in the 2021 fiscal year, and earnings rose to $477 million.

<span class="mw-page-title-main">Institute for Defense Analyses</span> American non-profit corporation

The Institute for Defense Analyses (IDA) is an American non-profit corporation that administers three federally funded research and development centers (FFRDCs) – the Systems and Analyses Center (SAC), the Science and Technology Policy Institute (STPI), and the Center for Communications and Computing (C&C) – to assist the United States government in addressing national security issues, particularly those requiring scientific and technical expertise. It is headquartered in Alexandria, Virginia.

<span class="mw-page-title-main">Economy of Kansas City</span>

The economy of the Kansas City metropolitan area is anchored by Kansas City, Missouri, which is the largest city in the state and the 37th largest in the United States. The Kansas City metropolitan area is the 27th largest in the United States, based on the United States Census Bureau's 2004 population estimates. The metro's economy is large and influential to its region.

Parexel International is an American provider of biopharmaceutical services. It conducts clinical trials on behalf of its pharmaceutical clients to expedite the drug approval process. It is the second largest clinical research organization in the world and has helped develop approximately 95% of the 200 top-selling biopharmaceuticals on the market today. The company publishes the annual Parexel R&D Statistical Sourcebook and operates the Parexel-Academy.

Strategy& is the strategy consulting business unit of PricewaterhouseCoopers (PwC), one of the Big Four professional service firms.

Guidehouse is an American consulting firm for businesses and government entities. It is the successor to PricewaterhouseCoopers LLP’s public sector business and it was acquired in 2018 by Veritas. The head office is in Tysons, Virginia.

<span class="mw-page-title-main">Avascent</span> American management consulting firm

Avascent is a boutique management consulting firm serving the defense, aerospace, homeland security, logistics, transit, and financial industries. It was formed in 2007 after a management-led buyout of DFI Corporate Services from its parent, DFI International.

<span class="mw-page-title-main">SRC Inc.</span> Non-profit Research and Development Company in Syracuse, New York, U.S.

SRC Inc., formerly Syracuse Research Corporation, is an independent, not-for-profit research and development company that develops solutions for customers in the defense, environment and intelligence industries. SRC is chartered by the State of New York, with headquarters in North Syracuse, New York.

<span class="mw-page-title-main">Verisk Analytics</span> American data analytics and risk assessment firm

Verisk Analytics, Inc. is an American multinational data analytics and risk assessment firm based in Jersey City, New Jersey, with customers in insurance, natural resources, financial services, government, and risk management sectors. The company uses proprietary data sets and industry expertise to provide predictive analytics and decision support consultations in areas including fraud prevention, actuarial science, insurance coverage, fire protection, catastrophe and weather risk, and data management.

<span class="mw-page-title-main">WidePoint Corporation</span> American technology company

WidePoint Corporation is an American company based in Fairfax, Virginia that provides technology-based products and services to the government sector and commercial markets in the United States. The company holds a patent for a digital parsing tool that allows users to access accounts through a secure repository gateway, established using asymmetric authentication employed as public key infrastructure (PKI). WidePoint provides smart card identity verification, wireless expense management, penetration testing and other IT devices and services. WidePoint's subsidiary ORC is an authorized certification authority (CA) for the Department of Defense and other government agencies.

<span class="mw-page-title-main">Kenexa</span> American employment services company

Kenexa, an IBM Company, provides employment and retention services. This includes recruitment process outsourcing onboarding tools, employee assessment, abilities assessment for employment candidates ; and Kenexa Interview Builder, a structured interview archive with example questions.

<span class="mw-page-title-main">Cherokee Nation Businesses</span> American conglomerate holding company headquartered in Catoosa, Oklahoma

Cherokee Nation Businesses, LLC (CNB) is an American conglomerate holding company headquartered in Catoosa, Oklahoma that oversees and manages several subsidiary companies. CNB is a wholly owned subsidiary of the Cherokee Nation, the largest Native American tribe by population in the United States. CNB operates in the following industries: aerospace and defense, hospitality and entertainment, environmental and construction services, information technology, healthcare, and security and safety.

<span class="mw-page-title-main">CNA (nonprofit)</span> Research and analysis organization

CNA, formerly known as the CNA Corporation, is a federally-funded nonprofit research and analysis organization based in Arlington County, Virginia. It has around 625 employees.

<span class="mw-page-title-main">ANSER</span>

Analytic Services Inc., better known by its acronym ANSER, is a not-for-profit corporation that provides services, largely to the U.S. federal government, in several mission areas. Its headquarters are in Falls Church, Virginia.

<span class="mw-page-title-main">Economy of the Washington metropolitan area</span>

The economy of the Washington metropolitan area includes the economy of Washington, D.C., and its suburbs, including parts of Maryland, all of Northern Virginia, and Jefferson County, West Virginia. In 2022, the DC metro area had the country's fifth-highest gross metropolitan product, at $541 billion. The region's economy is highly diverse and includes the principal industries of the US federal government, tourism, information technology, research, hospitality, news media, and bioscience.

References

  1. ↑ "LMI Consulting: Private Company Information - Businessweek". Businessweek.com.
  2. ↑ "LMI Government Consulting - History". lmi.org.
  3. ↑ "LMI Government Consulting - News Item". lmi.org.
  4. ↑ "NobleReach Foundation™. Item". noblereachfoundation.org.
  5. ↑ "The Bureaucrat, Inc.: Private Company Information - Businessweek". Businessweek.com.
  6. ↑ "LMI Government Consulting - LMI Research Institute". lmi.org.
  7. ↑ "LMI acquires Jasmah Consulting". Washington Business Journal.
  8. ↑ "LMI turns to M&A to boost homeland security presence". Washington Business Journal.
  9. ↑ "LMI boosts its predictive maintenance abilities with acquisition". November 2019.
  10. ↑ Cordell, Carten (2021-07-30). "LMI acquires Falls Church tech consulting firm". www.bizjournals.com. Retrieved 2023-01-31.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.