VSE Corporation Acquires Kellstrom Aerospace Group
December 3, 2024
VSE Corporation (NASDAQ: VSEC) has completed the acquisition of Kellstrom Aerospace Group, Inc., a portfolio company of AE Industrial Partners, expanding VSE Aviation's distribution and MRO capabilities in the commercial engine aftermarket. VSE said the deal was funded with cash (approximately $185 million) and 172,414 common shares (subject to working capital adjustments); AE Industrial Partners' announcement characterized the sale as $200 million.
- Buyers
- VSE Corporation
- Targets
- Kellstrom Aerospace Group, Inc.
- Sellers
- AE Industrial Partners, LP
- Industry
- Aerospace & Defense
- Location
- Florida, United States
- Transaction Type
- Buyout
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