VSE Corporation Completes Kellstrom Aerospace Acquisition
VSE Corporation (VSEC)
US:NASDAQ Investor Relations:
ir.vsecorp.com
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Source: Business Wire
Acquisition Expands VSE Aviation’s Presence in the Growing Commercial Engine Aftermarket MIRAMAR, Fla.--(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 closed its previously announced acquisition of 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.MANAGEMENT COMMENTARY“Today represents the next step in the VSE Aviation product and services growth strategy, with a clear opportunity to profitably grow our business and better serve our global aerospace aftermarket customers,” said John Cuomo, President and CEO of VSE Corporation. “The acquisition of Kellstrom Aerospace strengthens our OEM-centric value proposition and demonstrates our commitment to growing our distribution and MRO capabilities in t
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News
- VSE Corporation Declares Quarterly Cash DividendBusiness Wire
- VSE Co. (NASDAQ: VSEC) was upgraded by analysts at StockNews.com to a "sell" rating.MarketBeat
- VSE Co. (NASDAQ: VSEC) had its price target raised by analysts at Royal Bank of Canada from $125.00 to $135.00. They now have an "outperform" rating on the stock.MarketBeat
- 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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