Versar, Inc. Completes Acquisition of BayFirst Solutions, LLC
Summary
The acquisition of BayFirst is consistent with Versars strategic focus of expanding and diversifying its capabilities in the information technology and intelligence services growth areas. "The BayFirst name is synonymous with reliability, quality, and professional service for its clients including the Department of Homeland Security and other federal government agencies," said Dwane Stone, CEO of Versar. Versar is headquartered in Springfield, Virginia outside of Washington, D.C. and has three operating segments including Security Systems; Environmental Services; and asset-lite Program and Construction Management. Versar employs a team of engineers, scientists, and other subject matter experts that provide solutions in the harshest environments both domestically and internationally. In addition to access to capital, Kingswood brings relevant industry relationships and a broad network of internal and external operating resources that can strengthen the businesses it partners with and enhance value.