June 2, 2021 - We are pleased to announce that SRP Advisors initiated the transaction and acted as financial advisor to Versar, Inc. in connection with the acquisition of BayFirst Solutions, LLC. Founded in 1969, Versar is a privately-owned program management business for federal, state, and local government clients as well as commercial customers. Versar has three operating segments including Security Systems; Environmental Services; and asset-lite Program and Construction Management, providing solutions in the harshest environments both domestically and internationally. BayFirst Solutions is a leading provider of network engineering, cybersecurity, and intelligence support to the U.S. government, serving primarily the Department of Homeland Security. The acquisition of BayFirst is consistent with Versar's strategic focus of expanding and diversifying its capabilities in the information technology and intelligence services growth areas.
This transaction extends the successful track record of SRP Advisors working with leading companies in the business services market.
“BayFirst performs critical information technology and professional services on highly visible government programs and we are thrilled to bring BayFirst's strong credentials onto the Versar platform”
Dwane Stone, CEO
For more information about this transaction or the merger and acquisition advisory services of SRP Advisors, please contact Sean Prendergast, Managing Partner at 818-514-8959.
About Versar, Inc.
Founded in 1969, Versar, Inc. is a privately-owned program management business for federal, state, and local government clients as well as commercial customers. 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. Versar is a portfolio company of Kingswood Capital Management, LP. For more information, please refer to the Versar website at www.versar.com.
About SRP Advisors, LLC
SRP Advisors, LLC provides merger and acquisition advisory services to both buyers and sellers of middle market companies. SRP Advisors provides strategic acquisition advisory services for public, private and private equity sponsored companies looking to grow their business through mergers and acquisitions. SRP Advisors also works with owners of private companies across all industry segments who might be interested in exploring alternatives for their company such as a full or partial sale of the business, an investment in the business from a private equity group, or a transition of ownership to management or the next generation of family. Contact Sean Prendergast, Managing Partner at 818-514-8959.