Versar-Wsp JV

Versar-Wsp JV, a joint venture between Versar, Inc. and WSP USA, delivers environmental remediation engineering and Superfund site investigation services to the EPA as a prime contractor across multiple regional offices, competing full-and-open without set-aside designations.

The joint venture is structured as a for-profit partnership headquartered in Washington, D.C., and operates exclusively as a prime contractor—all 24 awards in the source data carry prime status, with no subcontract footprint. Versar-Wsp JV competes on the EPA Remedial Acquisition Framework: Design and Engineering Services (RAF DES), a multiple-award IDIQ vehicle, where the joint venture holds 23 task orders valued at $35.3 million in combined potential value. The joint venture's capability portfolio centers on Remedial Investigation and Feasibility Studies (RI/FS), baseline human health risk assessments, remedial design services, Designer of Record roles, and site characterization and sampling work at contaminated Superfund sites. Representative work includes a $5.54 million order from EPA Region 6 (December 2023) for supplemental remedial investigation and baseline risk assessment at the Mid-South Wood Products site in Mena, Arkansas; a $5.06 million Region 6 order (December 2025) for RI/FS at the Exide Baton Rouge facility in Baker, Louisiana; a $3.17 million Region 7 order (November 2023) for the PCE Carriage Cleaners RI/FS in Bellevue, Nebraska; and a $2.34 million Region 5 order (September 2022) for remedial design at the Pike & Mulberry site in Martinsville, Indiana.

Customer concentration is heavily weighted to EPA regional offices, with EPA Region 7 accounting for nine awards ($10.3 million combined potential value), EPA Region 4 six awards ($4.9 million), and EPA Region 6 three awards ($12.7 million). The two rankings diverge significantly: EPA Region 3 carries only two awards but anchors $1.21 billion of combined potential value, representing a single large remediation program that skews the portfolio's dollar distribution. Collectively, the top five EPA regions account for 92% of award count and 100% of potential value. The joint venture serves seven distinct federal agencies, but EPA dominates the footprint.

Activity across the past five fiscal years shows volatility—two awards in 2022, four in 2023, two in 2024, two in 2025, and three through June 2026—without clear growth trajectory. Four awards (combined potential value $4.1 million) carry ultimate completion dates within the next twenty-four months and face recompete risk. The joint venture frequently engages Geosyntec Consultants as a specialized subcontractor to enhance technical depth on complex environmental projects, indicating reliance on sub-tier partnerships for technical capability rather than in-house workforce scaling.

Service Contract Inventory data shows limited SCI-reportable invoicing: $572 thousand in FY2022 (1.2 FTEs), $1.4 million in FY2023 (3.8 FTEs), and zero in FY2024 (0.0 FTEs). The FY2024 zero reflects a reporting lag, not absence of work—many of the recent awards carry completion dates extending through 2028 and 2029. Across SCI prime contracts, median government-paid hourly rates run around $180/hr, with senior labor pricing reaching $370.83/hr and entry-level work at $139.23/hr. Subcontractor hours account for an average 6% share of total contractor hours on prime contracts, indicating the joint venture builds most delivery capability in-house or through named specialty partners rather than broad teaming.