NMP Acquisition Corp (NMP) and Gibson Technical Services (GTS) signed a definitive all‑stock business combination agreement valuing GTS at an implied enterprise value of $400 million.
On closing, GTS will become a publicly traded holding company, GTS Holdings, Inc. (Pubco), whose Class A common stock is expected to list on the Nasdaq Capital Market under a new ticker. GTS delivered approximately $140 million of unaudited 2025 revenue, about 36% year‑over‑year growth, with an EBITDA margin of about 12.5%, and management reports positive EBITDA and sufficient liquidity to support current operations. Seller consideration will include 75,000 shares of Pubco preferred stock (stated value $75 million, convertible at $12.00 per share) plus additional Class A and high‑vote Class B common shares, while up to $82 million of Seller‑owed debt may remain outstanding.
NMP’s trust account held about $119.8 million as of 4 September 2026. The deal has no minimum‑cash or third‑party financing condition and remains subject to SEC review, NMP shareholder approval and other customary closing conditions.