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UNITED STATES : AMI gets US $15 million NAVFAC Custodial deal
Publish Date : 05-Oct-2011
Advance Management Inc. obtained US $15 million deal from Naval Facilities Engineering Command Mid-Atlantic.
As per this 3-year deal, Advance Management will offer custodial services in and around Norfolk, Virginia, area which covers Norfolk Naval Shipyard, Oceana, Yorktown, and different other naval locations.
AMI won the contract as part of a joint venture with ACEPEX Management Corporation, a defense contractor based in Mountclair, California. The joint venture, AMI-ACEPEX JV, is currently bidding on several other military contracts in the mainland.
Monty McDowell, CEO and Principal Broker of Advance Management, said, \"We are excited about this and other new opportunities in the mainland. We believe we can apply what we have learned on Guam during the past 20 years to new markets.\"
Jim McFerran, Director of business development at Advance Management, said, \"Michael Youth, our SBA business development specialist, and the whole SBA team in Hawaii, worked tirelessly to guide AMI through the process, which made this all possible. The Mentor Protege relationship will provide AMI access to a number of sophisticated resources such as safety compliance programs and excellent work performance monitoring systems.\"
