Tag Archives: Tony Otten

Kingswood Closes Versar Acquisition, Names New CEO for Project Mgmt Firm

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. …

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Versar Finalizes Johnson Controls Security Systems Buy

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 …

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Versar to Buy Johnson Controls’ Federal Security Systems Integration Business; Tony Otten Comments

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 …

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Versar Sees Sunny Financial Picture in New Report

Versar, Inc. (NYSE Amex: VSR) released financial results for the second quarter of fiscal year 2011 ending Dec. 31, 2010. Here are the specifics according to the firm: “Gross revenue for the second quarter achieved a company record $41, 908, 000, a 72 percent increase from the $24, 387, 000 …

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Versar Inks Iraq Operations Support Deal

Versar (NYSE Amex: VSR) was awarded a new $17.1 million contract from the US Army Corps of Engineers, Middle East District. The Task Force SAFE (Safety Actions for Fire and Electricity) contract focuses on electrical inspections and repairs of facilities used by American personnel in Iraq. According to the firm, …

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Versar Names J. Joseph Tyler SVP, Director of Corp. Initiatives

Versar, Inc. (NYSE Amex: VSR) has elected J. Joseph Tyler to the positions of senior vice president and director of corporate initiatives. In his new role, Tyler will work to “develop strategic initiatives, identify new business opportunities, and provide input to corporate leadership on ways to grow and improve Versar’s …

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