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.
Marine Resources • Acoustic Monitoring • Desktop Studies • Environmental Compliance •
EFH Assessments • Habitat Monitoring • Marine Mammal & Sea Turtle Surveys •
Protected Species • Resource Assessments • Scientific Diving
VersarGMI takes part in the Natural Resource Damage Assessment (NRDA) process by assisting with the determination of the magnitude of injuries caused by the release of hazardous substances to natural resources. GMI has taken part in NRDA projects during the response and cleanup phases, and afterwards.
Expertise and Experience
- Onshore and offshore damage assessment
- Benthic fauna and flora sampling
- Restoration efforts
Our Puerto Rico team was contracted to conduct a damage assessment of a Jet Propellant-5 (JP-5) fuel spill damage assessment at International Airport Luis Muñoz Marín intially reported on 25 March 2008. The objectives of the damage assessment were to (1) determine the horizontal extent of contamination within the mangrove and associated habitats; and (2) document exposure and/or injuries to natural resources resulting from the leak.