VSE Corporation Announces Acquisition of Kellstrom Aerospace
VSE Corporation (VSEC)
US:NASDAQ Investor Relations:
ir.vsecorp.com
Company Research
Source: Business Wire
Provides Preliminary Third Quarter 2024 ResultsKellstrom Aerospace Expands VSE Aviation’s Presence in Growing Commercial Engine Aftermarket ALEXANDRIA, Va.--(BUSINESS WIRE)--VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aftermarket distribution and repair services, announced today that the Company has signed a definitive agreement to acquire Kellstrom Aerospace Group, Inc. (“Kellstrom”), a portfolio company of AE Industrial Partners, LP and a diversified global distributor and service provider supporting the commercial aerospace engine aftermarket. The transaction is subject to customary closing conditions, including regulatory review, and is expected to close in the fourth quarter of 2024.MANAGEMENT COMMENTARY"The agreement to acquire Kellstrom represents a significant milestone for VSE Aviation,” stated John Cuomo, President and CEO of VSE Corporation. “This acquisition improves our position in the commercial aviation aftermarket, reinforces our O
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- VSE Enhances Aviation Position With Kellstrom Aerospace Acquisition [Yahoo! Finance]Yahoo! Finance
- AE Industrial Partners Completes Sale of Kellstrom Aerospace to VSE Corporation [Yahoo! Finance]Yahoo! Finance
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