Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
VSE CORP entered into Purchase Agreement with ASG Operations, LLC, an affiliate of Bernhard Capital Partners valued at total cash consideration of up to $100 million (effective 2023-05-01).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- ASG Operations, LLC, an affiliate of Bernhard Capital Partners
- Value
- total cash consideration of up to $100 million
- Effective
- 2023-05-01
Exact text from the filing
Under the terms of the membership interest purchase agreement, dated as of May 1, 2023 (the “Purchase Agreement”), between the Company, one of its wholly-owned subsidiaries, and ASG Operations, LLC, an affiliate of the Purchaser, the FDS Business is anticipated to be sold for a total cash consideration of up to $100 million (the “FDS Transaction”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
VSE CORP entered into Agreement and Plan of Merger with Desser-Graham Partnership, L.P. (“Desser Aerospace”) valued at approximately $124 million (effective 2023-05-03).
- Action
- entry
- Agreement
- merger
- Counterparty
- Desser-Graham Partnership, L.P. (“Desser Aerospace”)
- Value
- approximately $124 million
- Effective
- 2023-05-03
Exact text from the filing
Under the terms of the Agreement and Plan of Merger, dated as of May 3, 2023 (the “Merger Agreement”), by and among VSE Aviation, Inc., a wholly-owned subsidiary of the Company (“VSE Aviation”), one of VSE Aviation’s wholly-owned subsidiaries (“Merger Sub”), Desser Aerospace, and Desser Holdings Partnership GP, LLC (“Representative”), Merger Sub will merge with and into Desser Aerospace resulting in Desser Aerospace being a wholly-owned subsidiary of VSE Aviation (the “Merger Transaction”). VSE Aviation will pay total cash consideration in connection with the Merger Transaction of approximately $124 million, subject to certain customary adjustments.
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