According to an August 2014 report by IBISWorld, the remediation and
environmental cleanup services industry in the United States is approximately
$18 billion, and has grown by 6.2% between 2009 and 2014. The industry has
benefitted from recent natural disasters and industrial accidents that have
increased demand for the industry's services. The remediation and environmental
cleanup services industry is relatively fragmented, with the four largest
players in the market controlling approximately 25% of industry revenues. One
company involved in this industry is Versar, Inc.
Versar, Inc. (NYSE: VSR) is a global project management company based in
the Washington, DC metropolitan area, with 23 locations around the world. The
company provides technical and management support to federal, state, and local
government clients, as well as industrial clients, worldwide. The company
offers construction management, environmental sciences and engineering
infrastructure solutions. The company's solutions help clients to comply with
regulations, avoid liability, solve environmental problems, improve
infrastructure, and prevent pollution. Versar has experience in commercial and
government engineering and environmental projects, including decontamination
cleanup of training ranges, airfields, and major buildings contaminated by PCBs
and other chemicals, and complex multidisciplinary site remediation.
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