Kingswood Capital-backed Versar completed the acquisition of Louis Berger Services from WSP.

Kingswood Capital-backed Versar, a project management company, completed the acquisition of Louis Berger Services, an engineering services provider, from WSP, a professional services firm. Financial terms were not disclosed. “Acquired by WSP as part of the Louis Berger transaction in 2018, LBS has an impressive team and track record. We are pleased to have reached this agreement with Versar and are confident this transaction will ensure the long-term success of the LBS business. I would like to thank all LBS employees for their commitment, professionalism, and contributions to WSP, and I wish them continued success with Versar," Alexandre L’Heureux, WSP President and CEO.