How VSE's Acquisition of Kellstrom Will Boost Its Aviation Business?
VSECVSE (VSEC) ZACKS·2024-10-16 22:15

VSE Corporation (VSEC) , a leader in aftermarket distribution and repair services, has announced its agreement to acquire Kellstrom Aerospace, a key player in the commercial aerospace engine aftermarket. The acquisition, valued at approximately $200 million, includes $185 million in cash and $15 million in VSE stock. The deal, expected to close in the fourth quarter of 2024, aligns with VSE's strategic plan to enhance its aviation segment by expanding its global reach and increasing exposure to the fast-gro ...