Wingspire Capital co-agented a senior secured financing for Versar, Inc. to refinance a previous credit facility and to provide capital for its acquisition of the Operations & Maintenance division of Louis Berger Services (“LBS”).
The credit facility, which was co-agented by Star Mountain Capital, included a revolver and a first lien term loan.
Versar, founded in 1969 and backed by Kingswood Capital Management, is a global engineering, environmental, and security services company that provides high-value solutions to vital programs of its end customers.
The acquisition of the division of LBS further expands its business into government contracted operations and maintenance services including airfield base and ground operations, infrastructure, and logistics.