---
schema_version: "secwatch.filing_event.v1"
accession: "0000102752-24-000008"
form_type: "8-K"
ticker: "VSEC"
cik: "0000102752"
company_name: "VSE CORP"
filed_at: "2024-03-01T23:59:59+00:00"
generated_at: "2026-06-05T05:15:13.453595+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# VSE Corp Announces Acquisition of Turbine Controls, Divestiture of Federal & Defense, and Fleet Strategic Review

## Summary
- VSE entered definitive agreement to acquire Turbine Controls Inc. for ~$120M (cash and stock), expected Q2 2024.
- Completed sale of substantially all Federal & Defense segment assets for $44M cash, including working capital adjustments.
- Initiated strategic review of Fleet segment, with Jefferies LLC as financial advisor; may include a sale.
- Preliminary Q4 2023 revenue ~$235M, GAAP net income ~$13M, adjusted EBITDA ~$31M from continuing operations.
- Full-year 2023 preliminary revenue ~$860M, adjusted EBITDA ~$114M, free cash flow ~$(40)M; provides 2024 guidance.

## SEC filing metadata
- accession: 0000102752-24-000008
- form_type: 8-K
- ticker: VSEC
- cik: 0000102752
- company_name: VSE CORP
- filed_at: 2024-03-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/102752/000010275224000008/0000102752-24-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/102752/000010275224000008/vsec-20240229.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000102752-24-000008
- JSON: https://secwatch.observer/filing/0000102752-24-000008.json
- Plain text: https://secwatch.observer/filing/0000102752-24-000008.txt

## Key facts
- Earnings Releases
  VSE CORP updated its fourth quarter and full year ended December 31, 2023 guidance (initiated).
  - Period: fourth quarter and full year ended December 31, 2023
  - Guidance: initiated
  - Result: preliminary results
  source text: On February 29, 2024, VSE Corporation (the “Company”) issued a press release reporting its preliminary financial results for the fourth quarter and full year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/102752/000010275224000008/0000102752-24-000008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.