VSE Acquisition of Turbine Controls

VSE Announces Acquisition of Turbine Controls and Strategic Review of Fleet Segment

VSE has recently announced its acquisition of Turbine Controls, a leading provider of aftermarket maintenance, repair, and overhaul (MRO) support services. The agreement includes a $110 million cash payment and $10 million in VSE common shares. Turbine Controls specializes in MRO services for complex engine components and airframe accessories across commercial and military applications. With operations in Florida and Connecticut, Turbine Controls is a valuable addition to VSE’s portfolio.

Strategic Options for Fleet Segment

In addition to the acquisition of Turbine Controls, VSE is exploring strategic options for its Fleet segment to further enhance shareholder value. The company has engaged Jefferies LLC as its financial advisor for this strategic process. This move reflects VSE’s commitment to maximizing shareholder value and expanding its market presence.

Continued Growth and Focus on Core Business

Furthermore, VSE has successfully completed the sale of its Federal and Defense segment operating assets in two transactions, generating a total cash consideration of $44 million. This move aligns with VSE’s focus on its core business of providing aftermarket distribution and repair services. By streamlining operations and pursuing strategic acquisitions, VSE aims to drive sustainable growth and deliver value to its shareholders.

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