WSP Sells Louis Berger Services
07 Agosto 2023 - 2:30PM
WSP Global Inc. (TSX: WSP) (“WSP” or the “Corporation”) announces
today that it has sold Louis Berger Services Inc. (“LBS”) to Versar
Inc. (“Versar”), a global engineering, environmental, and security
services company. LBS specializes in operations and maintenance
services for complex infrastructure assets at mission-essential
defense and civilian facilities worldwide and currently employs
approximately 1,400 people.
“Acquired by WSP as part of the Louis Berger
transaction in 2018, LBS has an impressive team and track record.
We are pleased to have reached this agreement with Versar and are
confident this transaction will ensure the long-term success of the
LBS business,” said Alexandre L’Heureux, WSP’s President and CEO.
“I would like to thank all LBS employees for their commitment,
professionalism, and contributions to WSP, and I wish them
continued success with Versar.”
“Versar is thrilled to welcome every LBS
employee to the Versar team,” said Jim Jaska, Versar’s CEO. “Our
complementary service offerings will allow us to leverage each
other’s customers and capabilities to grow our business to compete
globally while maintaining our exceptional dedication to one-on-one
customer service.”
ABOUT LOUIS BERGER
SERVICESLouis Berger Services Inc. (“LBS”) specializes in
operation and maintenance services at large, mission-essential
defense installations and civilian facilities worldwide. As a
trusted partner to federal government agencies, LBS provides
expertise in aerial port operations, contingency logistics and
ground support services, as well as heavy vehicle maintenance for
defense and security customers. LBS also provides industry-leading
transportation asset maintenance services to state and local
customers across the United States. It is LBS’s mission and an
honor to help clients solve their most complex challenges.
ABOUT VERSARVersar, Inc., a
portfolio company of Kingswood Capital Management, is a global
engineering, environmental, and security services company
delivering high value solutions to vital programs in the natural,
built, and digital environments. Versar is headquartered in
Washington, D.C. and has three operating segments including
Environment and Sustainability, National Security, and Installation
Management and Support Services. For more information, please refer
to Versar’s website at www.versar.com.
ABOUT WSPAs one of the largest
professional services firms in the world, WSP exists to
future-proof our cities and our environment. It 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.
In 2022, WSP reported $11.9 B (CAD) in revenue. The Corporation’s
shares are listed on the Toronto Stock Exchange (TSX: WSP).
FOR ADDITIONAL INFORMATION, PLEASE
CONTACT:Alain MichaudChief Financial OfficerWSP Global
Inc.Phone: 438-843-7317 alain.michaud@wsp.com
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