WILsquare Capital, a St. Louis-based private equity firm, announced today it has completed the acquisition of Versare Solutions, LLC, a manufacturer and e-commerce based marketer of branded space efficiency and acoustical products located in Minneapolis, MN. Terms of the transaction were not disclosed.
“We have been impressed with the leadership team at Versare and their ability to grow their business while maintaining a strong culture of dedication to customers, employees and suppliers,” said Bill Willhite, Managing Partner at WILsquare Capital. “We look forward to supporting Versare’s continued investments in expanding its capabilities and developing new solutions for customers seeking to improve the utilization of their space.”
Versare offers portable room partitions, privacy screens, workstations and sound dampening products for use in a wide variety of applications and settings – including schools, religious organizations and healthcare facilities. Its branded products are manufactured at its Minneapolis headquarters and customizable to suit the needs of a highly diverse customer base.
“In evaluating potential investors, it was important for us to align ourselves with a firm that shares our values and desire to be the undisputed leader in our market,” said Brian Olsem, CEO and President of Versare. “We believe WILsquare is the perfect partner for Versare and look forward to leveraging their strategic and operational expertise, as well as resources that will allow us to enhance our market position and the value we bring to our customers.”
“Versare has built a tremendous brand and reputation delivering exceptional value to customers, supported by its leading e-commerce and digital marketing platform,” said Drew Caylor, Managing Director at WILsquare Capital. “We are extremely pleased with the opportunity to partner with the management team of Versare to continue to invest in providing differentiated space and sound management solutions to their growing customer base.”