WILsquare Capital, a St. Louis-based private equity firm, acquired Versare Solutions, LLC, a manufacturer and e-commerce based marketer of branded space efficiency and acoustical products located in Minneapolis, MN.
The terms of the deal were not disclosed.
The company will use the funds to enhance its market position.
Led by Brian Olsem, CEO and President, 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.