VSE Corp. acquires Kellstrom Aerospace for $200M

VSE Corp. “announced that the Company has signed a definitive agreement to acquire Kellstrom Aerospace Group, Inc., 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. The contract is for total consideration of approximately $200 million, comprised of approximately $185 million in cash and approximately $15 million of shares of common stock of the Company, subject to working capital adjustments. Kellstrom generated approximately $175 million of revenue during the trailing twelve months through August 2024. Kellstrom deal is expected to generate synergies of approximately $4M.”