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New Deal


Announced

Kingswood Capital-backed Versar completed the acquisition of the environmental services unit of Black & Veatch.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

environmental solutions

United States

Single Bidder

Private Equity

Environmental / Waste Management

Completed

Friendly

Majority

Private

Domestic

Synopsis

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Kingswood Capital-backed Versar, a global project management company, completed the acquisition of the environmental services unit of Black & Veatch, an employee-owned global engineering, procurement, consulting, and construction company. Financial terms were not disclosed. "Black & Veatch is a distinguished name in the engineering industry and Versar is pleased and proud to have a unique opportunity to acquire strategic environmental services capabilities to further support our government and country," Dwane Stone, Versar CEO.

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