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LBS Joins Kingswood Capital-Backed Versar Inc.
August 24, 2023On Aug. 7, 2023, Versar, Inc. (Versar), a global engineering, environmental, and security services platform backed by Kingswood Capital Management (Kingswood), announced its acquisition of LBS.
“LBS is proud to join the Versar family,” said LBS President & CEO Jiri Maly. “This partnership marks an important step in our strategic growth and history. LBS is thrilled to join forces with Versar and looks forward to continuing our growth as a trusted partner to government agencies in the United States and internationally.”
LBS, now in its 70th year, will continue to specialize in operations and maintenance services for complex infrastructure assets at mission-essential defense and civilian facilities worldwide.