LP First Capital and GP Capital Partners Form National Cyber Group to Address Cybersecurity Workforce Gap
LP FIRST CAPITAL a private equity firm with offices in Austin and New York, announced that, in partnership with GP Capital Partners LP, a Houston-based private credit and equity investment firm, it has formed National Cyber Group, LLC a cybersecurity workforce accelerator equipped to attract, train, and transmit career-seekers into entry-and-mid-level jobs as the nation’s ‘Elite Cybersecurity Corps.’
Headquartered in the Washington, D.C. metro area, National Cyber Group combines the forces of America’s most-known name in foundational IT certification training, Total Seminars, and the disruptive, hands-on cyber training program, CyberNow Labs. These organizations, together with new job placement and staffing solutions provided by National Cyber Group and supported by many of America’s cybersecurity leaders, coordinated by Cyberspace Solarium Commission Senior Advisor, Philip Niedermair, offer a unique formula for cybersecurity workforce development, a critical enabler to address America’s current 2-million-person cyber talent deficit.
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The investment by GP Capital Partners consisted of senior secured term debt and a direct equity investment. These proceeds, in addition to equity raised by LPFC, funded the acquisition of the two foundational companies and position National Cyber Group to grow and scale the platform over the next few years.
In partnership with the founders of Total Seminars and CyberNow Labs, David Moon, a respected cybersecurity executive, is serving as National Cyber Group CEO. “I’m proud to lead this national initiative and to deliver on the promise of providing affordable and accessible opportunities for cybersecurity career-seekers and employers alike,” said Moon.
“The formation of National Cyber Group is a direct response to the current cyber talent deficit, and is the collective work of mission-motivated, enterprising individuals who love America and have together taken initiative to create a nationally needed capability, that also changes peoples’ lives for the better every day, said Gabe Schrade, a Managing Director at LP First Capital.
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“Closing the cyber talent gap is both a national imperative and a huge business opportunity,” said Thomas Ince, a Managing Director at LP First Capital. “We believe National Cyber Group is one of many solutions our country’s needs, and we are looking forward to a long-lasting partnership filled with success.”
Gina Luna, Managing Partner of GP Capital Partners, added, “We are very enthusiastic about this investment in a business that is addressing a dire human capital and cybersecurity issue that impacts thousands of entities across the country. This is a great example of a company that is doing well while doing good.”
In recognition of their contribution, National Cyber Group extends special appreciation to ADM Bill Studeman, LTG Hernandez, Mr. Dick Schaeffer, MG Jim Keffer, CAPT Ed Devinney, COL Matt Dunlop, LTC John Quigg, COL Jon Brickey, Ms. Judith Emmel, Mr. and Mrs Ron and Cyndi Gula, Mr. Peter Watts, LTC Rick Howard, RADM Mark Montgomery, Mr. Harry Coker, Mr. Mark Loepker, Mr. Shawn Henry and Mr. Simon Hunt.
McGuireWoods LLP and Porter Hedges LLP provided legal counsel to LP First Capital and GP Capital Partners
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