Photo credit Source : www.govconwire.com
LMI CEO Doug Wagoner Discusses Growth Strategy, M&A Opportunities, and Core Values in Exclusive Interview
LMI, a company that recently made the transition from a federally funded research and development center to a for-profit entity, is now focusing on its growth strategy and M&A opportunities. CEO Doug Wagoner shared insights into the company’s evolution and future plans in an exclusive interview with Executive Mosaic.
LMI’s core service lines include data analytics, logistics, and management consulting, but Wagoner emphasized that the company is shifting towards a more solution-focused approach. This shift will not only streamline LMI’s messaging to the marketplace but also highlight areas where M&A opportunities can help fill gaps in capabilities.
Looking ahead to 2024, Wagoner revealed that LMI had a busy year in 2023 exploring M&A opportunities but did not find the perfect fit. However, he expects the company to be more active and successful in closing deals this year, with a focus on purchasing market access to penetrate harder-to-reach markets.
Healthcare, space, and intelligence are key markets of interest for LMI, with a recent acquisition of JJR Solutions aimed at expanding the company’s technology modernization capabilities. Wagoner highlighted the importance of cultural fit in acquisitions and expressed excitement about the potential for growth in the intelligence space.
For more insights into LMI’s future plans, the state of the AI market, and space innovation, watch Doug Wagoner’s video interview with Executive Mosaic.
