Versar Inc. acquires J.M. Waller Associates for $13 million
Springfield-based project management company Versar Inc. has acquired J.M. Waller Associates for $13 million.
J.M. Waller Associates is a Fairfax-based consulting company with annual revenues of more than $30 million. It provides environmental, facilities, professional staffing and logistics consulting services to a variety of government, industry and commercial clients. J.M. Waller Associates’ long-term clients include the U.S. Army Corps of Engineers, U.S. Air Force, U.S. Navy, Environmental Protection Agency and the General Services Administration.
Versar Inc. is a publicly-traded company serving clients in the construction management, environmental services, munitions response, and professional services industries.
“The acquisition of J.M. Waller is a great strategic fit for Versar, and will immediately strengthen not only our environmental services and professional services businesses, but also our engineering and construction management services,” Tony Otten, Versar’s CEO, said in a statement.
The acquisition price of $13 million will be satisfied with cash and a seller note.