Versar
| Company type | Private |
|---|---|
| Industry | Project management, Engineering, Environmental services |
| Founded | July 14, 1969 |
| Fate | Acquired by Kingswood Capital Management in 2017 |
| Headquarters | Springfield, Virginia , United States |
Area served | Global |
Key people | Kingswood Capital Management (owner) |
| Products | Project management, Engineering and Construction Management, Environmental Services, Professional Services |
Versar, Inc. specializes in project management, providing both technical expertise and management assistance to clients in the government and private sectors across the globe. Since its inception on July 14, 1969, the company has operated through three primary divisions: Engineering and Construction Management, Environmental Services, and Professional Services. Its portfolio encompasses services such as project definition, budgeting, construction supervision, environmental consulting, solid waste management, water program oversight, and workforce augmentation.
History
Founded in Springfield, Virginia in 1969, Versar expanded its capabilities by acquiring a controlling interest in Science Management Corp. in 1997. In early 2014, the firm standardized its environmental data handling by implementing Locus Technologies' Environmental Information Management software. That same year marked the completion of its acquisition of the Facility Repair and Renewal division from Lime Energy, Inc.
In November 2017, Versar transitioned to private ownership following its purchase by Kingswood Capital Management for $1.6 million. This acquisition brought new leadership aimed at advancing the company’s project management solutions.