Wingspire Capital Provides Credit Facility to Versar for the Acquisition of the Operations & Maintenance Division of Louis Berger Services
August 23, 2023
Wingspire Capital co-agented a senior secured financing for Versar, Inc. to refinance a previous credit facility and to provide capital for its acquisition of the Operations & Maintenance division of Louis Berger Services (“LBS”).
The credit facility, which was co-agented by Star Mountain Capital, included a revolver and a first lien term loan.
Versar, founded in 1969 and backed by Kingswood Capital Management, is a global engineering, environmental, and security services company that provides high-value solutions to vital programs of its end customers.
The acquisition of the division of LBS further expands its business into government contracted operations and maintenance services including airfield base and ground operations, infrastructure, and logistics.
About Wingspire Capital
The credit facility, which was co-agented by Star Mountain Capital, included a revolver and a first lien term loan.
Versar, founded in 1969 and backed by Kingswood Capital Management, is a global engineering, environmental, and security services company that provides high-value solutions to vital programs of its end customers.
The acquisition of the division of LBS further expands its business into government contracted operations and maintenance services including airfield base and ground operations, infrastructure, and logistics.
About Wingspire Capital
Wingspire Capital offers one-stop solutions of up to $200 million for middle market companies, including revolving lines of credit, cash flow loans, fixed asset term loans, first-out term loans & revolvers, equipment leases, and sale leasebacks. Industries financed include business services, consumer products, e-commerce & retail, food & beverage, manufacturing, distribution, transportation & logistics, automotive, technology applications and financial services.
Wingspire Capital is a portfolio company of Blue Owl Capital Corporation (NYSE: OBDC). OBDC is externally managed by Blue Owl Credit Advisors LLC, an indirect affiliate of Blue Owl Capital, Inc. (NYSE: OWL). Blue Owl Capital, Inc. is a global alternative asset manager with $150 billion of assets under management as of June 30, 2023.jpg?sfvrsn=f1093d2a_0 "#3 -_ 1 (1)")
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