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.
VersarGMI engineering services include mechanical, electrical, and plumbing systems design. As part of each project, the design team seeks to formulate a set of pertinent criteria for each job, evaluating multiple conceptual design alternatives based on operability, energy efficiency, and controllability, while keeping in mind expectations of the end user. The Design Department works closely with each department in the office (energy, construction, retro-commissioning) in order to continually improve design concepts year over year from the standpoint of constructability, maintainability, and operating and first cost. VersarGMI recognizes the importance of pre-planning and coordination, and seeks to provide the best possible services in this regard with owners, architects, and the construction engineering trades.
The Design Department has a unique advantage over most other consulting firms, as VersarGMI maintains services in all aspects of the MEP industry, including construction, energy, and retro-commissioning. VersarGMI uses internal feedback from each group as they perform services throughout the nation in each field. The design team evaluates past projects, and uses this advantage to improve the quality of overall design work.
VersarGMI utilizes AutoCAD 2010, and is able to coordinate with most computer assisted drafting platforms (Microstation, earlier versions of AutoCAD, etc.). VersarGMI provides fully coordinated MEP design drawings, and is capable of working in Revit for 3D coordination.
VersarGMI employees ten professional engineers, as well as several LEED certified staff members, certified energy managers, and project management professionals. Design staff have extensive experience throughout the nation, including clients for the U.S. Government, local public works projects, commercial construction, educational facilities (K-12 and university), industrial, retail, office, highrise, and lodging.
Design capabilities include:
- Mechanical Design
- Packaged and modular air handlers
- Constant and variable volume systems
- Water and ground source heat pump systems
- Dehumidification systems
- Infrared heating systems
- Chilled water plants (air and water-cooled)
- Boiler plants (steam and hot water)
- Building automation systems
- Direct digital control systems (traditional and wireless)
- Electrical Design
- Primary and secondary power distribution
- Lighting systems
- Security, communications, signal and fire alarm
- Data and telephone distribution controls
- Emergency power
- New construction/retro-fit design
- Photovoltaic/solar design
- Plumbing Design
- Domestic hot water/cold water systems
- Compressed air systems
- Natural gas distribution/utilities
VersarGMI was contracted to provide full design services for the installation of VRV heating and cooling systems, MAU, geothermal domestic water heating systems, and associated controls for the FEMA training center located in Emmitsburg, Maryland. This work included design of HVAC and plumbing systems for six buildings and survey and design evaluation of three additional buildings. The design requirements were due to the loss of an existing steam plant on an adjoining campus that provided utilities to the FEMA campus. The HVAC and plumbing systems were for existing dormitories and office facilities, with some buildings dating back 150+ years. Creation of a new HVAC system with consideration of historical features and preservation of the historical value of each building was a prime concern of the client. Review and design considerations of current code requirements for the types of facilities was another prime concern of the client and was included in the VersarGMI design.