Configure Partners, an investment banking platform specializing in debt placement and credit resolution services, served as the exclusive financing advisor to Versar, a portfolio company of Kingswood Capital Management, assisting in securing committed debt capital to support a refinancing of existing debt along with the acquisition of Louis Berger Services, (LBS) from WSP Global.
Versar is a global engineering, environmental and security services company delivering solutions to vital programs in the natural, built and digital environments. LBS is a contractor that specializes in complementary operations and maintenance services for complex infrastructure assets at mission-critical defense and civilian facilities worldwide.
Configure supported all aspects of the financing process, including lender screening, approach to market, transaction structuring and negotiation of the agreements. Configure is proud to support Kingswood through multiple platform endeavors over the past three years.
“We are excited to have completed the acquisition of LBS and believe the combination is a clear strategic fit and complements Versar’s core offerings well,” Alex Wolf, partner of Kingswood, said. “Configure played an instrumental role in the acquisition by helping us secure financing while navigating several complexities throughout this transaction.”
“We were thrilled to have the opportunity to work with the Versar and Kingswood teams on a successful transaction,” Uj Rai, vice president of Configure, said. “We look forward to seeing them expand upon their already stellar track record of success and watching the combined platform grow.”
