Houlihan Lokey is pleased to announce that Louis Berger Services, Inc. (LBS), a subsidiary of WSP Global Inc. (WSP), has been acquired by Versar Inc., a portfolio company of Kingswood Capital Management (Kingswood). The transaction closed on August 4, 2023.
Headquartered in Washington, D.C., LBS specializes in mission-essential operations and maintenance services for complex assets and infrastructure. The business employs approximately 1,400 people across some of the most geographically important military bases and civilian facilities around the globe. WSP acquired LBS as part of the Louis Berger transaction in 2018.
As one of the largest professional services firms in the world, WSP provides strategic advisory, engineering, and design services to clients seeking sustainable solutions in the transportation, infrastructure, environment, building, energy, water, and mining sectors. Its 68,000 trusted professionals are united by the common purpose of creating positive, long-lasting impacts on the communities it serves through a culture of innovation, integrity, and inclusion.
Versar is a global engineering, environmental, and security services company delivering high-value solutions to vital programs in the natural, built, and digital environments. Versar has three operating segments including Environment and Sustainability, National Security, and Installation Management and Support Services.
Kingswood Capital Management is an operationally focused private investment firm primarily focused on investing in businesses in transition. The acquisition of LBS represents Kingswood’s fifth investment in the government services sector since 2017.
Houlihan Lokey served as the exclusive financial advisor to WSP and marketed, structured, and negotiated the transaction on behalf of the corporation.
Houlihan Lokey’s Government Services and Technology team is part of the firm's broader Aerospace, Defense, and Government practice, which has a staff of approximately 30 financial staff in Washington, D.C., London, and Los Angeles and is among the largest dedicated industry banking groups worldwide.
If you would like more information about Houlihan Lokey or have any questions regarding this transaction, please contact one of the deal team members listed below. | 
