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Versar, a program management business supporting federal government and commercial clients and a portfolio company of private investment firm Kingswood Capital Management, has purchased BayFirst Solutions for an undisclosed sum as part of portfolio expansion initiative across the information technology and intelligence service areas. “We look ...

Versar has gone private after the close of its acquisition by an affiliate of investment firm Kingswood Capital Management via a tender offer of $0.15 per outstanding share and a second-step merger. The formerly publicly traded project management company said Tuesday the new capital structure serves to build on its long-term strategic goals. King...

Versar has agreed to be purchased by affiliates of Los Angeles-based private equity firm Kingswood Capital Management through a cash tender offer. Kingswood agreed to buy all outstanding shares of stock in the Springfield, Virginia-based project management company for 15 cents per share and begin the cash tender offer no later than Oct. 6, Versar...

The U.S. Army has awarded seven companies spots on a potential $172.7 million contract to help the service branch manage chemical, biological, radiological and nuclear defense-related materials. The Defense Department said Wednesday contractors will compete for task orders to evaluate, identify, locate, recover and dispose of munitions, explosives,...

The U.S. Air Force has selected 11 companies to compete for delivery orders to design, build or engineer facilities and infrastructure for the military branch under a potential five-year, $950 million contract. The 772nd Enterprise Sourcing Squadron received 13 offers for the indefinite-delivery/indefinite-quantity contract via a competitive ...

Versar (NYSE: VSR) has closed its purchase of the federal security systems integration business of Johnson Controls for $20 million in cash and contingent payments. The companies unveiled the deal last month and Versar said Thursday that Johnson Controls Security Systems changed its name to Versar Security Systems following the sale. JCSS has worked...

Versar (NYSE: VSR), a project management company, has agreed to purchase a Johnson Controls subsidiary that works with federal customers to design, install and support physical and network security systems. Versar expects to wrap up the acquisition of Johnson Controls Security Systems by Sept. 30 in a transaction that includes $20 million in cash a...

Versar (NYSE Amex: VSR) secured a $13.4 million task order to continue construction management and quality assurance operations in Afghanistan. According to the firm, “This task order will allow Versar to continue to provide engineering support, construction management and quality assurance operations in Afghanistan through September 2011 for ...

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