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Kingswood Capital-Backed Versar Inc., Acquires Louis Berger Services

Aug 07, 2023•over 2 years ago

Acquiring Company

Versar

Acquired Company

Louis Berger Services

SecurityTransportationGovernment

Description

Versar, Inc. ("Versar"), a global engineering, environmental, and security services platform backed by Kingswood Capital Management ("Kingswood"), announces today that it has completed its acquisition of Louis Berger Services ("LBS") from WSP Global Inc. ("WSP"). LBS specializes in operations and maintenance services for complex infrastructure assets at mission-essential defense and civilian facilities worldwide and currently employs approximately 1,400 people.

Company Information

Company

Versar

About

Versar, Inc. is a global engineering, environmental, and security services company delivering high value solutions to vital programs in the natural, built, and digital environments. Versar is headquartered in Washington, D.C. and has three operating segments including Environment and Sustainability, National Security, and Installation Management and Support Services. For more information, please refer to Versar's website at www.versar.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed