Versar

Canaccord Genuity is pleased to announce that is served as financial advisor to Versar, Inc. in connection with its going-private transaction with Kingswood Capital Management.  The sale was the culmination of an extensive strategic review process that involved close coordination between Canaccord Genuity’s Aerospace, Defense & Government Services group and the Debt Finance & Restructuring team. The closing of the transaction occurred on November 13, 2017 following the minimum condition of the tender offer being met. 

Versar, founded in 1969 and currently headquartered in Springfield, Virginia is a market leader in project management for a diverse set of federal, state and local government agencies, providing a comprehensive range of construction, engineering and environmental services both domestically and overseas. Versar was ranked by Engineering News-Record in 2016 as the #37 Top Program Management Firm and #63 Construction Management-for-Fee Firm. As a privately held company with a flexible new capital structure, Versar is positioned to achieve its long-term strategic goals. Versar employs over 400 people worldwide and has a strong reputation in a multitude of markets due to its extensive technical capabilities, ranging from large-scale international construction management to complex environmental remediation projects.