WSP sells Louis Berger Services to Versar

30 August 2023 1 min. read
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WSP, a Montreal headquartered design and engineering consultancy, has sold Louis Berger Services (LBS) to Versar, a Washington, DC-headquartered project management company.

LBS specializes in operations and maintenance services for military installations and transport infrastructure. The unit provides expertise in aerial port operations, contingency logistics, ground support services, and heavy vehicle maintenance.

LBS has approximately 1,400 employees.

WSP in 2018 acquired parent company Louis Berger – a New Jersey-headquartered professional services firm specializing in transportation and infrastructure, environmental and water, and master planning – for US$400 million. The acquired firm had approximately 5,000 people at the time.

“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,” said Alexandre L’Heureux, WSP’s president and CEO.

WSP sells Louis Berger Services to Versar

Versar is a portfolio company of Kingswood Capital Management. It provides engineering, environmental, and security services to government and corporate clients globally.

LBS will strengthen Versar’s installation management and support services practice, which provides services in power generation, utilities, equipment and vehicle maintenance, engineering and environmental, emergency management, transportation, airfield operations, accommodations, ordnance, safety and security, and facilities maintenance. The practice works with defense, law enforcement, healthcare, and transportation sector clients.

Versar has 472 employees, according to LinkedIn, according to LinkedIn.

“Versar is thrilled to welcome every LBS employee to the Versar team,” said Jim Jaska, Versar’s CEO. “Our complementary service offerings will allow us to leverage each other’s customers and capabilities to grow our business to compete globally while maintaining our exceptional dedication to one-on-one customer service.”