Versar

Versar, Inc. was established in Springfield, Virginia, on July 14, 1969. From its early development, the company operated as a technical and project-management contractor rather than as a consumer-facing product brand. Its services were directed toward government bodies and commercial organizations that required engineering, environmental, construction, or management support. The company's business model centered on combining technical specialists with program and project-management capabilities. Engineering and Construction Management services included defining project requirements, developing project scopes, estimating costs, supporting implementation, and overseeing construction work. This allowed Versar to participate across multiple stages of infrastructure and facility projects rather than limiting its role to a single engineering discipline. Its environmental activities addressed environmental solutions and program administration, with capabilities associated with solid-waste management and water-program management. The Professional Services segment supplied staff augmentation and related support for clients needing additional personnel or specialized expertise. Versar pursued expansion through corporate acquisitions. In 1997, it acquired a majority interest in Science Management Corp. The transaction strengthened the company's technical-services base and formed part of its longer-term effort to broaden its government and professional-services capabilities. In January 2014, Versar selected Locus Technologies' Environmental Information Management software as its preferred environmental data-management system. The choice indicated an emphasis on organized environmental information, data control, and technology-enabled service delivery. In February 2014, Versar completed the acquisition of Lime Energy, Inc.'s Facility Repair and Renewal business unit. This added facilities repair and renewal work to the company's existing engineering, construction-management, and professional-services activities. The move was consistent with Versar's broader strategy of assembling complementary services for public-sector and infrastructure-related customers. The company's ownership changed substantially in November 2017, when Kingswood Capital Management acquired Versar for a reported $1.6 million. The reference material does not provide a detailed account of the post-acquisition organization, subsequent leadership, brand use, or operating results. It therefore cannot establish whether Versar continued as a standalone company, operated within a wider portfolio structure, or ceased operations under that name. Versar's current status remains unknown in this dossier.

• 2017

  Acquired by Kingswood Capital Management

  [1]Versaren.wikipedia.org

  Kingswood Capital Management acquired Versar in November 2017 for a reported $1.6 million.

• 2014

  Adoption of Locus environmental information-management software

  [1]Versaren.wikipedia.org

  Versar selected Locus Technologies' Environmental Information Management software as its preferred environmental data-management system.

• 2014

  Facility Repair and Renewal business acquired

  [1]Versaren.wikipedia.org

  Versar completed the acquisition of Lime Energy's Facility Repair and Renewal business unit.

• 1997

  Majority interest acquired in Science Management Corp.

  [1]Versaren.wikipedia.org

  Versar acquired a majority interest in Science Management Corp., expanding its technical and management-services platform.

• 1969

  Versar founded in Virginia

  [1]Versaren.wikipedia.org

  Versar, Inc. was founded on July 14, 1969, in Springfield, Virginia.

A technical project-management and professional-services provider for government and commercial clients, with an emphasis on engineering, construction oversight, environmental programs, and workforce support.

• Engineering and project management services

  Engineering and Construction Management

  Versar's engineering and construction-management activities covered project scoping and development, cost estimation, engineering support, and construction oversight. These services were intended to help government and commercial clients plan, manage, and deliver infrastructure or facility projects.

• Environmental management services

  Environmental Services

  The Environmental Services segment provided environmental solutions for organizational and public-sector programs. Its described capabilities included solid-waste management, water-program management, and environmental information management supported by specialized software.

• Technical and management support

  Professional Services

  Professional Services supplied staff augmentation and related technical or management support. The offering enabled clients to add personnel and specialist capabilities to existing programs without necessarily building equivalent internal teams.

• Facilities services · 2014

  Facility Repair and Renewal

  This facilities-repair and renewal business unit was acquired from Lime Energy in 2014. It complemented Versar's engineering, construction-management, and infrastructure-support activities.

• 2017

  Sale to Kingswood Capital ManagementM&A

  Background

  Versar underwent a change in ownership after operating as a project-management and technical-services company serving government and commercial customers.

  Action taken

  Kingswood Capital Management acquired Versar in November 2017.

  Aftermath

  The acquisition transferred Versar into Kingswood Capital Management's ownership. The available source does not document the subsequent corporate structure or operating status.

  Acquisition price. $1.6 million (November 2017)

  Source

• 2014

  Standardization of environmental data managementStrategy

  Background

  Versar required a preferred platform for managing environmental information across its environmental-services activities.

  Action taken

  The company selected Locus Technologies' Environmental Information Management software as its preferred environmental data-management system.

  Aftermath

  The available source confirms the software selection but does not report implementation results or financial effects.

  Source

• 2014

  Acquisition of Facility Repair and Renewal operationsM&A

  Background

  Versar sought to broaden its facilities and infrastructure-related service capabilities.

  Action taken

  Versar completed the acquisition of Lime Energy's Facility Repair and Renewal business unit.

  Aftermath

  The acquisition added facilities repair and renewal work to Versar's existing engineering, construction-management, environmental, and professional-services portfolio.

  Source

• Unconfirmed

  Reported2021.06.23

  Versar acquires Black & Veatch environmental services business[2]Versar收购Black & Veatch环境服务业务privateequityinternational.com

  Versar acquired Black & Veatch's environmental services business unit focused on federal government customers.

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1. 1Versaren.wikipedia.org
2. 2Versar收购Black & Veatch环境服务业务privateequityinternational.com