VSE Corporation announced that it has acquired Precision Fuel Components in an all-cash transaction. This transaction is immediately accretive to VSE’s Aviation segment. Founded in 2001, Washington-based Precision Fuel is a market-leading provider of MRO services for engine accessory and fuel systems supporting the business and general aviation market. Precision Fuel specializes in supporting small turbine rotorcraft fuel controls, governors, sensors, bleed valves, and fuel pumps, along with radial engine components and Bendix-Stromberg carburetors. Precision Fuel is a member of the Honeywell Authorized Warranty and Repair Station AWARS network. "We are pleased to welcome the Precision Fuel team to the VSE Aviation family," stated John Cuomo, President and CEO of VSE Corporation. "This transaction represents an important strategic investment for our Aviation segment, one that expands our repair capabilities across a diverse base of global rotorcraft, fixed wing, and B&GA customers. Precision Fuel’s value-added, high-margin MRO solutions will complement our existing service capabilities, while positioning us to further enhance our unique value proposition." "Precision Fuel’s customer-centric culture, long-term relationships, established OEM partnerships, and proven technical expertise are highly complementary to our existing business," stated Ben Thomas, President of VSE Aviation. "We look forward to leveraging our expanded suite of solutions across our combined base of customers, while continuing to provide industry-leading, on-demand products and services throughout our growing global footprint."
Published first on TheFly
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