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  • Thursday, April 18, 2024

OAOT, KPP Split

Key Principal Partners Corp. (“KPP”) has left OAO Technology Solutions, Inc. (OAOT).  According to OAOT, “KPP’s original investment of $13.5 million in subordinated debt and common stock in December 2003, in a transaction led by J.F. Lehman & Company, helped OAOT complete a take-private transaction. Through privatization, the company saved upwards of $1 million per year in ‘public company’ costs.”

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