VERSAR INC

VERSAR INC

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Company Overview
Versar Inc is a professional services firm that provides the government and the private sector with solutions for infrastructure, facilities management, construction, environmental quality, defense, and homeland security needs. The company’s registered head office is located in Springfield, Virginia.
Versar operates in the following business segments: construction management – overseeing the design and construction of facilities for the 21st century. Providing Title I and II services worldwide using state-of-the-art project management tools and techniques; homeland defense – supporting homeland defense, emergency planning and response, and DoD counterterrorism programs; including personal protective equipment for chemical and biological warfare defense programs; infrastructure & management services – focusing on sound management of environmental compliance; remediation and clean-up; cultural, archaeological and natural resources; as well as supporting high level peer reviews and risk assessments; and professional services – providing personnel to support client programs, analyze management and policy options, and communicate technical and non-technical information. Its professional staff provides practical and creative solutions to meet client’s needs onsite.
Versar is a global project management company delivering construction management, environmental sciences and engineering infrastructure solutions to public and private customers. The company offers specialized abilities in classified and hazardous projects. In May 2007, the company expanded its international operations with the creation of an international subsidiary, VIAP (Versar international Assistance Programs), Inc.
Business Summary
Versar, Inc. (Versar), is a project management company that provides solutions to government and commercial clients in construction management, environmental services, munitions response, telecommunications and energy. Versar provides solutions in harsh environments and offers specialized abilities in rapid response, classified projects and hazardous material management. Versar operates in four business segments: Program Management, Compliance and Environmental Programs, Professional Services, and National Security. In January 2010, the Company acquired Professional Protection Systems, Ltd. (PPS). PPS manufactures and sells personal protective equipment to the nuclear industry, including protective suits, decontamination showers, and emergency shelters. In March 2010, the Company acquired Advent Environmental, Inc. (Advent). Advent is a full service environmental contractor and has capabilities in military munitions response plans (MMRP) and unexploded ordinance (UXO) clean up.
Description and history
Versar, Inc. (Versar), is a project management company that provides solutions to government and commercial clients in construction management, environmental services, munitions response, telecommunications and energy. Versar provides solutions in harsh environments and offers specialized abilities in rapid response, classified projects and hazardous material management. Versar operates in four business segments: Program Management, Compliance and Environmental Programs, Professional Services, and National Security. In January 2010, the Company acquired Professional Protection Systems, Ltd. (PPS). PPS manufactures and sells personal protective equipment to the nuclear industry, including protective suits, decontamination showers, and emergency shelters. In March 2010, the Company acquired Advent Environmental, Inc. (Advent). Advent is a full service environmental contractor and has capabilities in military munitions response plans (MMRP) and unexploded ordinance (UXO) clean up.

Program Management Business Segment

The Program Management business segment is the largest component of Versar’s business base. During the fiscal year ended June 25, 2010 (fiscal 2010), the Program Management business segment performed construction related services in Iraq, Afghanistan, the United Arab Emirates, and the continental United States. These programs include its Air Force construction management and quality assurance work to support the rebuilding efforts in Iraq and Afghanistan and its personal services support contract with the United States Army Corps of Engineers. It also provides personnel to the United States Army to manage quality assurance on Army projects in Iraq, and infrastructure related construction work in the United States.

Compliance and Environmental Programs Business Segment

Versar provides support for regulatory compliance programs involving air, water, cultural resources, chemical and transportation industries. The Company provides support to the United States Army Corps of Engineers and many local municipal entities to help with environmental compliance, biological assessments, and resource management. It has long term relationships with the EPA, National Oceanic and Atmospheric Administration (NOAA), and the United States Army Corps of Engineers (USACE). Through its contracts with the Philadelphia and Wilmington Districts of the United States Army Corps of Engineers, Versar continues to help evaluate the marine life and how it is affected by the USACE dredging programs. It also assists several counties in Maryland and Virginia with their watershed programs identifying impaired watersheds and providing cost-effective solutions for their restoration programs.

Professional Services Business Segment

Versar provides onsite environmental management and professional services to over 20 department of defense (DoD) installations and industrial facilities. Versar’s Professional Services business focused on obtaining larger contract opportunities to further expand its client base. This segment provides a solution to its clients to meet and exceed their requirements.

National Security Business Segment

Versar provides national security services primarily through the operations of its subsidiary GEOMET Technologies, LLC (GEOMET) and PPS. The National Security business segment operates in several defense markets. GEOMET is engaged in developing, testing, and manufacturing personal protection equipment (PPE). GEOMET owns and operates the only declared Schedule I chemical agent laboratory in the United States under the chemical weapons convention, which is overseen by the department of commerce.

Business Line
A professional services firm that provides the government and the private sector with solutions for infrastructure, facilities management, construction, environmental quality, defense, and homeland security needs
Subsidiary
ADVENT ENVIRONMENTAL PUERTO RICO INC
Advisor
GRANT THORNTON
IPO date
11/1986
US SIC Code
8711
Company Address
6850, Versar Center

City province or state postal code
22151, SPRINGFIELD, VA
Phone: +1 703 750 3000
Fax: +1 703 642 6825
Country address: UNITED STATES OF AMERICA
Website url: www.versar.com