Wingspire Capital and Star Mountain Capital co-agented a senior secured financing for Versar to refinance a previous credit facility and to provide capital for its acquisition of the operations and maintenance division of Louis Berger Services. The credit facility included a revolver and a first lien term loan.
Versar, founded in 1969 and backed by Kingswood Capital Management, is an engineering, environmental and security services company. The acquisition of the division of Louis Berger Services will further expand its business into government contracted operations and maintenance services, including airfield base and ground operations, infrastructure, and logistics.
