Global LT is making a big change as it positions itself to grow exponentially over the next few years.
The Troy-based firm specializes in language services, cultural training, expatriate destination services, and workforce training courses for international locales. It recently accepted a significant investment from Growth Equity Fund, an affiliate of the private-equity firm Vicente Capital Partners
Hortensia Albertini started the company from her kitchen table in Metro Detroit in 1979. Albertini built Global LT into a multi-million-dollar company and eventually handed over control to her daughter, Lisette Poletes, who worked out the deal with Growth Equity Fund.
"It was a necessary step to in our path to get capital resources and technology to help us scale," says Tom Hanson, president of Global LT
Between 2010 and 2013, Global LT clocked a 31-percent compound growth rate. It is aiming to grow 15 percent annually for the next few years. To accomplish that, Global LT's leadership is looking to expand its work with its existing customer base, land more contracts with the U.S. Dept of Defense, and penetrate the Asia-Pacific markets.
To do that, Global LT has hired 15 people over the last year, creating jobs in sales, operations, recruiters, and project managers. It’s also looking to add another six people to its existing staff of 103 employees, an intern, and several thousand independent contractors.
Source: Tom Hanson, president of Global LT
Writer: Jon Zemke