ST. LOUIS--(BUSINESS WIRE)--WILsquare Capital, a St. Louis-based private equity firm, announced today its portfolio company, Versare Solutions, LLC, has completed the acquisition of substantially all the assets of EverBlock Systems, LLC, a leading provider of modular room partitions, building blocks and flooring based in New York, NY. Terms of the transaction were not disclosed.
EverBlock’s portfolio of modular systems are designed for rapid deployment and easy installation. Its EverPanel and EverBlock product lines are used to build temporary and permanent walls, room dividers and décor in a wide range of settings. The EverBlock Flooring line offers modular, interlocking flooring modules for events, tents, ice rinks and more.
Versare, based in Minneapolis, is a manufacturer of space efficiency and acoustical products, supported by its leading eCommerce platform and digital marketing capabilities. Its products are used in a wide variety of applications and settings including schools, religious organizations, offices and healthcare facilities. Versare was acquired by WILsquare Capital in 2019.
Brian Olsem, Versare’s CEO, will lead the combined business and Arnon Rosan, EverBlock’s founder, will join as Vice President.
“The combination of EverBlock and Versare is truly complementary,” said Olsem. “EverBlock’s talented team and portfolio of patented products open up new avenues of opportunity for us.”
“For EverBlock, the opportunity to benefit from Versare’s substantial digital marketing platform and expertise will be a game-changer,” said Rosan.
Together, Versare and EverBlock will offer a wide and deep array of partition, acoustic, and flooring products to customers through three branded websites and a global network of agents and dealers.
“We are thrilled to partner with Arnon and Brian and the entire EverBlock and Versare teams to create this exciting combination,” said Drew Caylor, Managing Director at WILsquare Capital. “The combined company will have tremendous opportunities for growth and will be an important resource for customers looking to solve space utilization efficiency and flexibility challenges in their physical environments.”
About WILsquare Capital
WILsquare Capital is a St. Louis-based private equity firm focused on acquiring and growing lower-middle market businesses in the Midwest and Southern United States, with an emphasis on business services, niche manufacturing, distribution and technology companies. The firm is currently investing out of WILsquare Capital Partners Fund II, L.P. For more information, visit www.wilsquare.com.