Versar, Inc. Acquires Geo-Marine, Inc.
Versar, Inc. (NYSE MKT: VSR) has acquired Geo-Marine, Inc., a business with more than $20 million in annual revenues. The purchase price was paid with a combination of cash and seller notes. Geo-Marine, headquartered in Plano, Texas, provides engineering design, construction management, environmental planning and programming, and other services in support of a wide range of government, industry, and commercial clients.
San Antonio division provides civil engineering, environmental engineering, infrastructure assessment/planning, and project management/construction management services to federal, commercial, municipal, and institutional clientele.
Airfield infrastructure is a current focus as clients seek to evaluate existing conditions and to repair, replace, or upgrade deteriorated and/or obsolete pavement, signage, signal, and navigational aid systems. San Antonio Division is currently performing pavement condition index surveys for roads, parking areas, and airfields at a variety of installations worldwide.
In addition, our expertise as project and construction managers has placed VersarGMI at the forefront of providing quality assurance and construction oversight services for the design and construction of numerous airfields ranging from remote locations in Shemya Island, Alaska to the home of Air Force One and the Presidential Airlift Group at Andrews AFB, Maryland.