{"schema_version":"secwatch.filing_event.v1","accession":"0000102752-23-000051","form_type":"8-K","ticker":"VSEC","cik":"0000102752","company_name":"VSE CORP","filed_at":"2023-05-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.677330+00:00","generated_at":"2026-06-15T15:37:43.947207+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"VSE to sell FDS business for up to $100M, acquire Desser Aerospace for net $94M","bullets":["Sale of Federal & Defense Services (FDS) to Bernhard Capital Partners for up to $100M: $50M cash at close plus up to $50M earn-out.","Acquisition of Desser Aerospace for ~$124M total cash; concurrent sale of Desser's propriety businesses to Loar Group for ~$30M, net ~$94M.","FDS transaction expected to close late 2023 or early 2024; Desser acquisition expected within 90 days, subject to regulatory approvals including UK.","Net proceeds from FDS sale to be used for debt reduction and strategic acquisitions.","Desser is a distributor of aircraft interiors, tires, and batteries, expanding VSE Aviation's aftermarket parts offering."],"urls":{"canonical":"https://secwatch.observer/filing/0000102752-23-000051","json":"https://secwatch.observer/filing/0000102752-23-000051.json","markdown":"https://secwatch.observer/filing/0000102752-23-000051.md","text":"https://secwatch.observer/filing/0000102752-23-000051.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/102752/000010275223000051/0000102752-23-000051-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/102752/000010275223000051/vsec-20230501.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T15:37:43.947207+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2642817b969f381fddd4c513ec9a6a9c672fbacd","claim":"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).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/102752/000010275223000051/0000102752-23-000051-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"ASG Operations, LLC, an affiliate of Bernhard Capital Partners"},{"label":"Value","value":"total cash consideration of up to $100 million"},{"label":"Effective","value":"2023-05-01"}],"fact_type":"material_agreement"},{"claim_id":"961d217168641298ce902048b28bd54059ecc7f8","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/102752/000010275223000051/0000102752-23-000051-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Desser-Graham Partnership, L.P. (“Desser Aerospace”)"},{"label":"Value","value":"approximately $124 million"},{"label":"Effective","value":"2023-05-03"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}